Alliant Energy (NASDAQ:LNT) Releases Earnings Results, Beats Expectations By $0.07 EPS

Alliant Energy (NASDAQ:LNT) posted its quarterly earnings results on Thursday. The company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.07, Zacks reports. Alliant Energy had a net margin of 18.58% and a return on equity of 11.37%. Alliant Energy updated its FY 2026 guidance to 3.360-3.460 EPS.

Alliant Energy Stock Performance

NASDAQ LNT traded down $1.11 during trading hours on Thursday, hitting $70.89. 3,165,435 shares of the stock were exchanged, compared to its average volume of 2,485,895. The company has a market cap of $18.31 billion, a price-to-earnings ratio of 22.22, a price-to-earnings-growth ratio of 2.74 and a beta of 0.55. The stock has a 50-day moving average of $74.20 and a 200 day moving average of $71.78. Alliant Energy has a 12-month low of $63.28 and a 12-month high of $78.81. The company has a quick ratio of 0.53, a current ratio of 0.69 and a debt-to-equity ratio of 1.48.

Alliant Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 17th. Investors of record on Friday, July 31st will be issued a dividend of $0.535 per share. This represents a $2.14 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Friday, July 31st. Alliant Energy’s dividend payout ratio is currently 67.08%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on LNT shares. Weiss Ratings cut Alliant Energy from a “buy (b+)” rating to a “buy (b)” rating in a report on Tuesday. Scotiabank reaffirmed a “sector perform” rating and set a $74.00 price objective (up from $72.00) on shares of Alliant Energy in a research report on Monday, May 4th. TD Cowen initiated coverage on shares of Alliant Energy in a report on Tuesday, July 7th. They issued a “hold” rating and a $83.00 target price on the stock. BMO Capital Markets decreased their price target on Alliant Energy from $83.00 to $80.00 and set an “outperform” rating for the company in a report on Wednesday, July 22nd. Finally, Mizuho set a $76.00 price objective on Alliant Energy in a report on Monday, May 4th. Nine research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $77.09.

Institutional Trading of Alliant Energy

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD lifted its position in shares of Alliant Energy by 799.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 8,393,496 shares of the company’s stock valued at $545,662,000 after acquiring an additional 7,460,117 shares during the period. Balyasny Asset Management L.P. acquired a new stake in shares of Alliant Energy during the 2nd quarter worth about $82,265,000. Goldman Sachs Group Inc. grew its stake in Alliant Energy by 98.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,084,562 shares of the company’s stock worth $69,792,000 after acquiring an additional 538,603 shares during the period. Squarepoint Ops LLC grew its position in shares of Alliant Energy by 282.5% in the second quarter. Squarepoint Ops LLC now owns 355,063 shares of the company’s stock valued at $21,471,000 after purchasing an additional 262,241 shares during the period. Finally, Amundi increased its stake in shares of Alliant Energy by 69.5% during the 3rd quarter. Amundi now owns 507,004 shares of the company’s stock valued at $34,537,000 after acquiring an additional 207,967 shares during the last quarter. 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.