Wall Street analysts expect that Alliant Energy Co. (NYSE:LNT) will post $0.46 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have issued estimates for Alliant Energy’s earnings. The highest EPS estimate is $0.46 and the lowest is $0.45. Alliant Energy reported earnings per share of $0.41 during the same quarter last year, which would suggest a positive year-over-year growth rate of 12.2%. The company is expected to announce its next earnings report after the market closes on Thursday, August 2nd.
According to Zacks, analysts expect that Alliant Energy will report full-year earnings of $2.12 per share for the current financial year. For the next fiscal year, analysts anticipate that the business will post earnings of $2.25 per share, with EPS estimates ranging from $2.22 to $2.28. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that follow Alliant Energy.
Alliant Energy (NYSE:LNT) last released its quarterly earnings data on Wednesday, May 2nd. The utilities provider reported $0.52 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.02. The business had revenue of $916.30 million during the quarter, compared to analysts’ expectations of $879.69 million. Alliant Energy had a return on equity of 11.41% and a net margin of 14.17%. The business’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.44 EPS.
Several research analysts have recently issued reports on LNT shares. ValuEngine raised Alliant Energy from a “hold” rating to a “buy” rating in a research report on Friday, April 27th. Zacks Investment Research raised Alliant Energy from a “sell” rating to a “buy” rating and set a $48.00 price objective for the company in a research report on Tuesday, May 1st. Finally, Howard Weil started coverage on Alliant Energy in a research report on Tuesday. They set a “sector perform” rating and a $44.00 price objective for the company. Seven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Alliant Energy presently has a consensus rating of “Hold” and a consensus target price of $43.71.
Shares of Alliant Energy traded down $0.12, hitting $42.94, on Friday, Marketbeat.com reports. 1,038,811 shares of the company’s stock were exchanged, compared to its average volume of 1,729,161. The stock has a market cap of $9.74 billion, a P/E ratio of 22.25, a P/E/G ratio of 3.56 and a beta of 0.31. Alliant Energy has a 1-year low of $36.84 and a 1-year high of $45.55. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.25 and a current ratio of 0.35.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 15th. Investors of record on Tuesday, July 31st will be given a $0.335 dividend. The ex-dividend date is Monday, July 30th. This represents a $1.34 dividend on an annualized basis and a dividend yield of 3.12%. Alliant Energy’s dividend payout ratio (DPR) is presently 69.43%.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Piedmont Investment Advisors LLC acquired a new stake in shares of Alliant Energy in the 2nd quarter valued at about $115,000. Coastline Trust Co boosted its position in shares of Alliant Energy by 510.6% in the 2nd quarter. Coastline Trust Co now owns 30,530 shares of the utilities provider’s stock valued at $1,292,000 after purchasing an additional 25,530 shares during the period. First Interstate Bank acquired a new stake in shares of Alliant Energy in the 2nd quarter valued at about $110,000. BNP Paribas Arbitrage SA boosted its position in shares of Alliant Energy by 53.8% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 320,199 shares of the utilities provider’s stock valued at $13,551,000 after purchasing an additional 112,052 shares during the period. Finally, Hermes Investment Management Ltd. boosted its position in shares of Alliant Energy by 4.8% in the 2nd quarter. Hermes Investment Management Ltd. now owns 784,403 shares of the utilities provider’s stock valued at $33,196,000 after purchasing an additional 35,786 shares during the period. 72.57% of the stock is owned by hedge funds and other institutional investors.
About Alliant Energy
Alliant Energy Corporation operates as a utility holding company that provides regulated electricity and natural gas services in the Midwest region of the United States. It operates through three segments: Electric, Gas, and 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.
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