Alliant Energy Q3 EPS Estimate Boosted by Zacks Research

Alliant Energy Co. (NASDAQ:LNT) – Stock analysts at Zacks Research boosted their Q3 2024 earnings per share estimates for shares of Alliant Energy in a research note issued to investors on Tuesday, October 22nd. Zacks Research analyst R. Department now forecasts that the company will post earnings per share of $1.05 for the quarter, up from their prior forecast of $1.03. The consensus estimate for Alliant Energy’s current full-year earnings is $3.05 per share. Zacks Research also issued estimates for Alliant Energy’s Q1 2026 earnings at $0.75 EPS, Q3 2026 earnings at $1.06 EPS and FY2026 earnings at $3.45 EPS.

Alliant Energy (NASDAQ:LNT) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.07). Alliant Energy had a return on equity of 10.23% and a net margin of 15.77%. The company had revenue of $894.00 million for the quarter, compared to the consensus estimate of $897.03 million. During the same quarter last year, the business earned $0.64 EPS. Alliant Energy’s revenue was down 2.0% on a year-over-year basis.

A number of other equities research analysts also recently weighed in on the company. LADENBURG THALM/SH SH raised Alliant Energy from a “neutral” rating to a “buy” rating and raised their target price for the company from $50.00 to $62.50 in a report on Tuesday, August 13th. Barclays raised their target price on Alliant Energy from $55.00 to $61.00 and gave the company an “equal weight” rating in a report on Monday, October 14th. Scotiabank raised their target price on Alliant Energy from $58.00 to $64.00 and gave the company a “sector outperform” rating in a report on Tuesday, August 20th. UBS Group raised their target price on Alliant Energy from $64.00 to $65.00 and gave the company a “neutral” rating in a report on Friday, September 20th. Finally, BMO Capital Markets raised their price objective on Alliant Energy from $58.00 to $60.00 and gave the company a “market perform” rating in a report on Tuesday, August 6th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $63.28.

Alliant Energy Trading Down 0.0 %

Shares of LNT stock opened at $61.91 on Thursday. The stock’s fifty day moving average price is $59.54 and its two-hundred day moving average price is $54.49. The company has a market cap of $15.88 billion, a PE ratio of 25.25, a P/E/G ratio of 2.93 and a beta of 0.58. Alliant Energy has a fifty-two week low of $46.80 and a fifty-two week high of $62.49. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.48 and a current ratio of 0.65.

Institutional Investors Weigh In On Alliant Energy

Institutional investors have recently made changes to their positions in the stock. Northwest Investment Counselors LLC bought a new stake in shares of Alliant Energy in the 3rd quarter valued at about $28,000. Eastern Bank bought a new stake in shares of Alliant Energy in the 3rd quarter valued at about $30,000. Kimelman & Baird LLC bought a new stake in shares of Alliant Energy in the 2nd quarter valued at about $41,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of Alliant Energy in the 2nd quarter valued at about $43,000. Finally, MRP Capital Investments LLC bought a new stake in shares of Alliant Energy in the 2nd quarter valued at about $56,000. Institutional investors own 79.90% of the company’s stock.

Alliant Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be given a dividend of $0.48 per share. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $1.92 dividend on an annualized basis and a yield of 3.10%. Alliant Energy’s dividend payout ratio is currently 78.37%.

About Alliant Energy

Alliant Energy Corporation operates as a utility holding company that provides regulated electricity and natural gas services in the United States. It operates in three segments: Utility Electric Operations, Utility Gas Operations, and Utility Other. The company, through its subsidiary, Interstate Power and Light Company (IPL), primarily generates and distributes electricity, and distributes and transports natural gas to retail customers in Iowa; sells electricity to wholesale customers in Minnesota, Illinois, and Iowa; and generates and distributes steam in Cedar Rapids, Iowa.