Zacks Research Lifts Earnings Estimates for Alliant Energy

Alliant Energy Co. (NASDAQ:LNT) – Stock analysts at Zacks Research lifted their Q3 2024 earnings per share estimates for shares of Alliant Energy in a research report issued on Monday, October 28th. Zacks Research analyst R. Department now forecasts that the company will post earnings per share of $1.08 for the quarter, up from their prior forecast of $1.05. The consensus estimate for Alliant Energy’s current full-year earnings is $3.06 per share. Zacks Research also issued estimates for Alliant Energy’s Q4 2024 earnings at $0.74 EPS, Q2 2025 earnings at $0.71 EPS, Q3 2025 earnings at $1.01 EPS, Q4 2025 earnings at $0.84 EPS and FY2025 earnings at $3.24 EPS.

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

Other research analysts have also issued reports about the company. Scotiabank increased their price objective on Alliant Energy from $58.00 to $64.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, August 20th. Jefferies Financial Group began coverage on Alliant Energy in a report on Thursday, September 19th. They set a “hold” rating and a $67.00 price target for the company. Barclays boosted their price objective on shares of Alliant Energy from $55.00 to $61.00 and gave the company an “equal weight” rating in a report on Monday, October 14th. Mizuho increased their target price on shares of Alliant Energy from $52.00 to $61.00 and gave the stock a “neutral” rating in a research note on Friday, October 4th. Finally, Wells Fargo & Company boosted their price target on shares of Alliant Energy from $62.00 to $66.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $63.28.

Alliant Energy Stock Performance

Alliant Energy stock opened at $60.00 on Wednesday. The stock has a market cap of $15.39 billion, a price-to-earnings ratio of 24.49, a price-to-earnings-growth ratio of 2.91 and a beta of 0.58. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.65 and a quick ratio of 0.48. The firm has a 50 day simple moving average of $59.89 and a 200-day simple moving average of $54.94. Alliant Energy has a 1-year low of $46.80 and a 1-year high of $62.49.

Institutional Trading of Alliant Energy

Hedge funds have recently modified their holdings of the stock. Northwest Investment Counselors LLC acquired a new stake in Alliant Energy in the third quarter valued at approximately $28,000. Eastern Bank acquired a new stake in shares of Alliant Energy in the 3rd quarter valued at $30,000. JNBA Financial Advisors purchased a new stake in shares of Alliant Energy during the 3rd quarter worth $31,000. Kimelman & Baird LLC acquired a new position in shares of Alliant Energy during the second quarter worth $41,000. Finally, Ashton Thomas Private Wealth LLC purchased a new position in Alliant Energy in the second quarter valued at $43,000. 79.90% of the stock is currently owned by institutional investors and hedge funds.

Alliant Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 3.20%. The ex-dividend date of this dividend is Thursday, October 31st. Alliant Energy’s payout ratio is currently 78.37%.

Alliant Energy Company Profile

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.