Alliant Energy (NASDAQ:LNT) Issues Earnings Results, Hits Expectations

Alliant Energy (NASDAQ:LNTGet Free Report) posted its earnings results on Thursday. The company reported $0.82 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.82, Zacks reports. The business had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.08 billion. Alliant Energy had a net margin of 18.57% and a return on equity of 11.51%. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.83 earnings per share. Alliant Energy updated its FY 2026 guidance to 3.360-3.460 EPS.

Alliant Energy Price Performance

Alliant Energy stock traded up $0.69 during trading hours on Friday, hitting $74.12. 3,410,867 shares of the stock were exchanged, compared to its average volume of 2,448,900. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.66 and a current ratio of 0.80. The stock has a market capitalization of $19.14 billion, a P/E ratio of 23.53, a P/E/G ratio of 2.94 and a beta of 0.61. Alliant Energy has a 12 month low of $58.97 and a 12 month high of $75.76. The business’s 50-day moving average is $71.84 and its two-hundred day moving average is $68.69.

Alliant Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Thursday, April 30th will be paid a dividend of $0.535 per share. This represents a $2.14 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Thursday, April 30th. Alliant Energy’s dividend payout ratio is currently 67.94%.

Analyst Upgrades and Downgrades

LNT has been the topic of a number of analyst reports. Barclays set a $74.00 target price on shares of Alliant Energy and gave the company an “equal weight” rating in a research note on Wednesday, April 15th. HSBC raised shares of Alliant Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, January 21st. Mizuho upped their target price on shares of Alliant Energy from $73.00 to $74.00 and gave the company a “neutral” rating in a research note on Monday, March 16th. Wells Fargo & Company reissued an “overweight” rating and issued a $76.00 target price on shares of Alliant Energy in a research note on Tuesday, April 21st. Finally, Royal Bank Of Canada initiated coverage on shares of Alliant Energy in a research note on Wednesday, March 11th. They issued an “outperform” rating and a $82.00 target price on the stock. Nine analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $76.44.

Read Our Latest Analysis on Alliant Energy

Alliant Energy News Roundup

Here are the key news stories impacting Alliant Energy this week:

Institutional Trading of Alliant Energy

Several large investors have recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD grew its stake in Alliant Energy by 799.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 8,393,496 shares of the company’s stock worth $545,662,000 after buying an additional 7,460,117 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Alliant Energy by 0.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,327,921 shares of the company’s stock worth $151,338,000 after purchasing an additional 19,206 shares in the last quarter. Balyasny Asset Management L.P. acquired a new position in shares of Alliant Energy during the second quarter worth approximately $82,265,000. Dimensional Fund Advisors LP lifted its position in shares of Alliant Energy by 1.1% during the third quarter. Dimensional Fund Advisors LP now owns 1,345,187 shares of the company’s stock worth $90,671,000 after purchasing an additional 14,792 shares in the last quarter. Finally, Millennium Management LLC lifted its position in shares of Alliant Energy by 7.9% during the third quarter. Millennium Management LLC now owns 1,298,814 shares of the company’s stock worth $87,553,000 after purchasing an additional 94,550 shares in the last quarter. 79.90% of the stock is owned by institutional investors.

Alliant Energy Company Profile

(Get Free Report)

Alliant Energy Corporation (NASDAQ: LNT) is a publicly traded energy holding company headquartered in Madison, Wisconsin, that provides regulated electric and natural gas utility services in the American Midwest. The company serves customers primarily in Wisconsin and Iowa through its regulated utility subsidiaries and operates as an integrated provider responsible for generation, transmission and distribution of energy to residential, commercial and industrial customers.

Alliant Energy’s core activities include operating and maintaining electric generation assets, managing the regional transmission and distribution network, and delivering natural gas service to its franchise territories.

See Also

Earnings History for Alliant Energy (NASDAQ:LNT)

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