Zacks Research Reduces Earnings Estimates for Alliant Energy

Alliant Energy Co. (NASDAQ:LNT) – Equities research analysts at Zacks Research cut their Q4 2024 earnings per share estimates for Alliant Energy in a research report issued to clients and investors on Thursday, November 21st. Zacks Research analyst R. Department now expects that the company will post earnings of $0.69 per share for the quarter, down from their prior forecast of $0.74. The consensus estimate for Alliant Energy’s current full-year earnings is $3.04 per share. Zacks Research also issued estimates for Alliant Energy’s Q1 2025 earnings at $0.65 EPS, Q2 2025 earnings at $0.63 EPS, Q4 2025 earnings at $0.76 EPS, FY2025 earnings at $3.22 EPS, Q1 2026 earnings at $0.73 EPS and Q2 2026 earnings at $0.68 EPS.

LNT has been the topic of several other research reports. Scotiabank raised their price target on Alliant Energy from $58.00 to $64.00 and gave the company a “sector outperform” rating in a report on Tuesday, August 20th. Mizuho raised their target price on shares of Alliant Energy from $52.00 to $61.00 and gave the company a “neutral” rating in a research note on Friday, October 4th. LADENBURG THALM/SH SH raised shares of Alliant Energy from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $50.00 to $62.50 in a research note on Tuesday, August 13th. UBS Group increased their price objective on shares of 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 cut their price target on Alliant Energy from $65.00 to $61.00 and set a “market perform” rating on the stock in a research note on Monday, November 4th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $63.06.

Alliant Energy Stock Up 0.5 %

NASDAQ:LNT opened at $63.63 on Monday. The stock’s fifty day moving average price is $60.35 and its two-hundred day moving average price is $56.22. The company has a market cap of $16.33 billion, a price-to-earnings ratio of 24.66, a P/E/G ratio of 3.13 and a beta of 0.58. Alliant Energy has a 52-week low of $46.80 and a 52-week high of $64.19. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.72 and a current ratio of 0.86.

Alliant Energy (NASDAQ:LNT) last announced its earnings results on Thursday, October 31st. The company reported $1.15 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.05. Alliant Energy had a net margin of 16.66% and a return on equity of 10.56%. The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same period in the previous year, the firm posted $1.05 earnings per share. The company’s revenue was up .4% on a year-over-year basis.

Alliant Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 3.02%. The ex-dividend date was Thursday, October 31st. Alliant Energy’s payout ratio is presently 74.42%.

Hedge Funds Weigh In On Alliant Energy

Several institutional investors have recently modified their holdings of the business. Janus Henderson Group PLC raised its holdings in Alliant Energy by 0.6% during the 3rd quarter. Janus Henderson Group PLC now owns 10,691,172 shares of the company’s stock worth $648,847,000 after buying an additional 65,110 shares during the period. Geode Capital Management LLC raised its holdings in shares of Alliant Energy by 1.4% during the third quarter. Geode Capital Management LLC now owns 6,593,166 shares of the company’s stock worth $398,880,000 after acquiring an additional 92,525 shares during the period. Massachusetts Financial Services Co. MA lifted its position in Alliant Energy by 8.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 6,512,770 shares of the company’s stock valued at $395,260,000 after acquiring an additional 512,429 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Alliant Energy by 0.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,216,475 shares of the company’s stock worth $134,518,000 after purchasing an additional 14,225 shares during the period. Finally, Johnson Investment Counsel Inc. increased its holdings in Alliant Energy by 1.7% during the 2nd quarter. Johnson Investment Counsel Inc. now owns 1,756,533 shares of the company’s stock worth $89,408,000 after purchasing an additional 29,358 shares in the last quarter. Institutional investors own 79.90% of the company’s stock.

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.