Alliant Energy (LNT) Set to Announce Quarterly Earnings on Thursday

Alliant Energy (NASDAQ:LNT) is scheduled to announce its earnings results after the market closes on Thursday, May 2nd. Analysts expect the company to announce earnings of $0.66 per share for the quarter. Alliant Energy has set its FY 2024 guidance at 2.990-3.130 EPS and its FY24 guidance at $2.99-3.13 EPS.Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Alliant Energy (NASDAQ:LNT) last released its quarterly earnings results on Friday, February 16th. The company reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.07). Alliant Energy had a return on equity of 10.85% and a net margin of 17.46%. The firm had revenue of $961.00 million during the quarter, compared to analysts’ expectations of $1.25 billion. During the same quarter last year, the business earned $0.46 earnings per share. On average, analysts expect Alliant Energy to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Alliant Energy Stock Up 1.3 %

LNT stock opened at $49.77 on Tuesday. The company has a market cap of $12.75 billion, a price-to-earnings ratio of 17.90, a P/E/G ratio of 2.65 and a beta of 0.55. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.40 and a current ratio of 0.55. The business’s 50-day moving average is $48.93 and its two-hundred day moving average is $49.55. Alliant Energy has a fifty-two week low of $45.15 and a fifty-two week high of $56.26.

Alliant Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 3.86%. The ex-dividend date is Monday, April 29th. Alliant Energy’s dividend payout ratio is presently 69.06%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. LADENBURG THALM/SH SH lowered their price objective on Alliant Energy from $48.50 to $48.00 and set a “neutral” rating on the stock in a research report on Monday. BMO Capital Markets upped their price target on Alliant Energy from $51.00 to $53.00 and gave the stock a “market perform” rating in a research note on Monday, April 15th. Barclays reissued an “equal weight” rating and issued a $53.00 target price (up previously from $50.00) on shares of Alliant Energy in a report on Tuesday, January 2nd. Scotiabank decreased their price objective on shares of Alliant Energy from $57.00 to $53.00 and set a “sector outperform” rating for the company in a research report on Monday, April 22nd. Finally, Bank of America cut their price target on Alliant Energy from $55.00 to $54.00 and set a “buy” rating for the company in a research note on Thursday, April 11th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. According to MarketBeat, Alliant Energy has an average rating of “Hold” and a consensus target price of $50.71.

Insider Transactions at Alliant Energy

In related news, CEO Lisa M. Barton purchased 1,100 shares of the company’s stock in a transaction on Tuesday, February 20th. The stock was acquired at an average cost of $48.56 per share, for a total transaction of $53,416.00. Following the completion of the transaction, the chief executive officer now directly owns 36,444 shares in the company, valued at $1,769,720.64. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.31% 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.