Alliant Energy Corporation (NASDAQ:LNT) Plans Quarterly Dividend of $0.54

Alliant Energy Corporation (NASDAQ:LNT) announced a quarterly dividend on Monday, January 12th. Shareholders of record on Friday, January 30th will be given a dividend of 0.535 per share on Tuesday, February 17th. This represents a c) dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend is Friday, January 30th. This is a 5.4% increase from Alliant Energy’s previous quarterly dividend of $0.51.

Alliant Energy has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 22 years. Alliant Energy has a dividend payout ratio of 59.0% meaning its dividend is sufficiently covered by earnings. Analysts expect Alliant Energy to earn $3.45 per share next year, which means the company should continue to be able to cover its $2.03 annual dividend with an expected future payout ratio of 58.8%.

Alliant Energy Trading Up 1.5%

Shares of NASDAQ:LNT traded up $1.00 during mid-day trading on Tuesday, hitting $66.17. The stock had a trading volume of 2,570,450 shares, compared to its average volume of 1,603,905. The company’s 50 day moving average is $66.32 and its 200-day moving average is $65.64. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.70 and a current ratio of 0.83. Alliant Energy has a 12-month low of $56.81 and a 12-month high of $69.75. The company has a market cap of $17.01 billion, a PE ratio of 19.57, a P/E/G ratio of 2.64 and a beta of 0.67.

Alliant Energy (NASDAQ:LNT) last issued its earnings results on Thursday, November 6th. The company reported $1.12 EPS for the quarter, missing the consensus estimate of $1.17 by ($0.05). The business had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.34 billion. Alliant Energy had a return on equity of 12.02% and a net margin of 19.14%.The business’s quarterly revenue was up 11.9% on a year-over-year basis. During the same period last year, the business earned $1.15 EPS. Alliant Energy has set its FY 2025 guidance at 3.170-3.23 EPS. On average, sell-side analysts predict that Alliant Energy will post 3.23 EPS for the current year.

Institutional Investors Weigh In On Alliant Energy

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in Alliant Energy by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 33,401,682 shares of the company’s stock valued at $2,251,607,000 after purchasing an additional 97,980 shares during the period. Massachusetts Financial Services Co. MA raised its position in shares of Alliant Energy by 5.7% during the second quarter. Massachusetts Financial Services Co. MA now owns 7,082,060 shares of the company’s stock valued at $428,252,000 after buying an additional 384,204 shares during the last quarter. Legal & General Group Plc lifted its stake in shares of Alliant Energy by 6.7% in the second quarter. Legal & General Group Plc now owns 2,368,752 shares of the company’s stock valued at $143,238,000 after buying an additional 149,679 shares during the period. Charles Schwab Investment Management Inc. grew its position in Alliant Energy by 0.9% during the second quarter. Charles Schwab Investment Management Inc. now owns 2,291,630 shares of the company’s stock worth $138,575,000 after buying an additional 21,036 shares in the last quarter. Finally, Johnson Investment Counsel Inc. increased its stake in Alliant Energy by 2.9% during the third quarter. Johnson Investment Counsel Inc. now owns 1,979,718 shares of the company’s stock valued at $133,453,000 after acquiring an additional 55,489 shares during the period. Institutional investors and hedge funds own 79.90% of the company’s stock.

About Alliant Energy

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.