Alliant Energy (NASDAQ:LNT) Issues Earnings Results

Alliant Energy (NASDAQ:LNT) released its earnings results on Thursday. The company reported $1.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.14 by ($0.02), Briefing.com reports. Alliant Energy had a return on equity of 12.25% and a net margin of 20.07%.The business’s revenue was up 11.9% on a year-over-year basis. During the same period last year, the firm posted $1.15 EPS. Alliant Energy updated its FY 2025 guidance to 3.170-3.23 EPS.

Alliant Energy Price Performance

Shares of NASDAQ LNT traded down $0.11 on Thursday, hitting $66.74. The company’s stock had a trading volume of 2,143,034 shares, compared to its average volume of 1,981,437. The stock has a 50 day moving average of $66.38 and a 200-day moving average of $63.90. The company has a market capitalization of $17.15 billion, a price-to-earnings ratio of 20.60, a price-to-earnings-growth ratio of 3.20 and a beta of 0.57. Alliant Energy has a 12-month low of $56.08 and a 12-month high of $69.75. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.57 and a quick ratio of 0.46.

Alliant Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Friday, October 31st will be issued a $0.5075 dividend. This represents a $2.03 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Friday, October 31st. Alliant Energy’s dividend payout ratio is 62.65%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. BMO Capital Markets lifted their price target on Alliant Energy from $68.00 to $71.00 and gave the company a “market perform” rating in a research note on Friday, October 17th. Bank of America raised their target price on Alliant Energy from $70.00 to $74.00 and gave the company a “buy” rating in a report on Friday, October 17th. UBS Group raised shares of Alliant Energy from a “neutral” rating to a “buy” rating and upped their price target for the stock from $74.00 to $79.00 in a research note on Friday, October 24th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Alliant Energy in a report on Wednesday, October 8th. Finally, Wall Street Zen upgraded shares of Alliant Energy from a “sell” rating to a “hold” rating in a research note on Sunday, September 28th. Five equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $69.00.

Institutional Investors Weigh In On Alliant Energy

A number of institutional investors and hedge funds have recently bought and sold shares of LNT. Geneos Wealth Management Inc. increased its position in Alliant Energy by 17.4% during the second quarter. Geneos Wealth Management Inc. now owns 1,475 shares of the company’s stock worth $89,000 after buying an additional 219 shares in the last quarter. CANADA LIFE ASSURANCE Co boosted its stake in shares of Alliant Energy by 3.7% during the second quarter. CANADA LIFE ASSURANCE Co now owns 125,948 shares of the company’s stock valued at $7,625,000 after acquiring an additional 4,467 shares during the last quarter. MUFG Securities EMEA plc acquired a new stake in shares of Alliant Energy during the second quarter valued at $46,000. Security National Bank of Sioux City Iowa IA purchased a new stake in Alliant Energy during the 2nd quarter worth about $428,000. Finally, Sugar Maple Asset Management LLC acquired a new position in Alliant Energy in the 2nd quarter valued at about $1,216,000. Hedge funds and other institutional investors own 79.90% of the company’s stock.

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.