Alliant Energy (NASDAQ:LNT – Get Free Report) updated its FY24 earnings guidance on Thursday. The company provided earnings per share guidance of $2.99-3.13 for the period, compared to the consensus earnings per share estimate of $3.06. Alliant Energy also updated its FY 2024 guidance to 2.990-3.130 EPS.
Wall Street Analysts Forecast Growth
LNT has been the topic of a number of research analyst reports. Wells Fargo & Company raised their target price on Alliant Energy from $55.00 to $56.00 and gave the company an overweight rating in a report on Monday, May 6th. Bank of America dropped their target price on shares of Alliant Energy from $55.00 to $54.00 and set a buy rating on the stock in a research report on Thursday, April 11th. Scotiabank decreased their price target on shares of Alliant Energy from $57.00 to $53.00 and set a sector outperform rating on the stock in a research report on Monday, April 22nd. LADENBURG THALM/SH SH cut their price objective on shares of Alliant Energy from $48.50 to $48.00 and set a neutral rating for the company in a research report on Monday, April 29th. Finally, Barclays lifted their target price on Alliant Energy from $52.00 to $55.00 and gave the stock an equal weight rating in a research report on Thursday, July 11th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of Hold and an average price target of $51.63.
Alliant Energy Trading Up 0.9 %
Alliant Energy (NASDAQ:LNT – Get Free Report) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.07). The firm had revenue of $894.00 million for the quarter, compared to the consensus estimate of $897.03 million. Alliant Energy had a return on equity of 10.24% and a net margin of 15.77%. The firm’s revenue was down 2.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.64 EPS. On average, research analysts expect that Alliant Energy will post 3.08 EPS for the current fiscal year.
Alliant Energy Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Wednesday, July 31st will be issued a dividend of $0.48 per share. The ex-dividend date of this dividend is Wednesday, July 31st. This represents a $1.92 annualized dividend and a yield of 3.36%. Alliant Energy’s dividend payout ratio (DPR) is currently 69.82%.
Alliant Energy Company Profile
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.
Read More
- Five stocks we like better than Alliant Energy
- Why is the Ex-Dividend Date Significant to Investors?
- Hims & Hers Stock Falls on DexCom Fears: Analysts Predict Rally
- Energy and Oil Stocks Explained
- Snap’s Stock Plummets on Q2 Revenue Guidance Shortfall
- What is the Euro STOXX 50 Index?
- MarketBeat Week in Review – 7/29 – 8/2
Receive News & Ratings for Alliant Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alliant Energy and related companies with MarketBeat.com's FREE daily email newsletter.