Alliant Energy (LNT) Projected to Post Earnings on Thursday

Alliant Energy (NASDAQ:LNT) is anticipated to post its quarterly earnings results after the market closes on Thursday, February 20th. Analysts expect Alliant Energy to post earnings of $0.68 per share and revenue of $1.14 billion for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Alliant Energy Stock Performance

NASDAQ:LNT opened at $60.63 on Thursday. The company has a quick ratio of 0.72, a current ratio of 0.86 and a debt-to-equity ratio of 1.33. The company has a market cap of $15.56 billion, a P/E ratio of 23.50, a P/E/G ratio of 2.73 and a beta of 0.60. Alliant Energy has a fifty-two week low of $46.80 and a fifty-two week high of $64.19. The firm’s 50 day moving average is $59.34 and its two-hundred day moving average is $59.40.

Alliant Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Friday, January 31st will be paid a $0.5075 dividend. This represents a $2.03 dividend on an annualized basis and a dividend yield of 3.35%. The ex-dividend date of this dividend is Friday, January 31st. This is an increase from Alliant Energy’s previous quarterly dividend of $0.48. Alliant Energy’s dividend payout ratio (DPR) is currently 78.68%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on LNT. BMO Capital Markets cut their target price on shares of Alliant Energy from $65.00 to $61.00 and set a “market perform” rating on the stock in a research note on Monday, November 4th. Scotiabank lowered shares of Alliant Energy from a “sector outperform” rating to a “sector perform” rating and raised their price target for the company from $64.00 to $67.00 in a report on Thursday, December 12th. Wells Fargo & Company lowered their price target on shares of Alliant Energy from $66.00 to $65.00 and set an “overweight” rating for the company in a report on Monday, November 4th. Finally, Barclays lowered their price target on shares of Alliant Energy from $61.00 to $59.00 and set an “equal weight” rating for the company in a report on Wednesday, November 6th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $63.39.

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.