Alliant Energy (NASDAQ: LNT – Get Rating) will release its quarterly results after the market close on Monday 7 November. Analysts expect Alliant Energy to record a gain of $ 1.05 per share for the quarter. Alliant Energy has set its forecast for 2022 at $ 2.67-2.81 EPS and its forecast for year 22 at 2.67-2.81 EPS. Those interested in signing up for a conference call on company profits can do so by following this link.
Alliant Energy (NASDAQ: LNT – Get Rating) recently announced its quarterly results on Thursday, August 4. The company posted an earnings per share (EPS) of $ 0.63 for the quarter, beating the $ 0.58 consensus by $ 0.05. Alliant Energy achieved a net margin of 17.79% and a return on equity of 11.64%. The company generated revenues of $ 943.00 million for the quarter. Analysts expect Alliant Energy to record an average of $ 3 in EPS for the current fiscal year and $ 3 in EPS for the next fiscal year.
Alliant Energy’s price performance
The NASDAQ LNT shares opened at $ 52.37 on Monday. Alliant Energy has an annual low of $ 47.19 and an annual high of $ 65.37. The Company has a debt to equity ratio of 1.13, a current ratio of 0.57 and a quick ratio of 0.47. The company’s 50-day moving average is $ 56.77 and its 200-day moving average is $ 58.05. The shares have a market cap of $ 13.14 billion, a P / E ratio of 18.91, a P / E / G ratio of 3.08 and a beta of 0.53.
Alliant Energy cuts dividends
The company also recently announced a quarterly dividend that will be paid on Tuesday 15 November. Record investors on Monday, October 31, will receive a dividend of $ 0.4275 per share. This represents $ 1.71 in annual dividends and 3.27% of the dividend yield. The day with no dividends on this dividend is Friday, October 28. Alliant Energy’s dividend payout ratio is currently 61.73%.
Wall Street analyst weighs in
Several brokerage houses have recently published reports on LNT. Bank of America raised Alliant Energy stock from “neutral” to “buy” and raised its target price for the company from $ 62.00 to $ 70.00 in its research report on Friday, August 12. Barclays cut its price on Alliant Energy stock from $ 68.00 to $ 62.00 and set the stock “equal weight” in its report on Monday, July 18. Credit Suisse Group lowered its Alliant Energy share price to $ 51.00 in a report on Thursday, October 20. Wells Fargo & Company lowered the target price for Alliant Energy stock from $ 66.00 to $ 57.00 and placed “equal weighting” on the stock in its report on Wednesday, October 19. Finally, Argus raised its Alliant Energy share price target from $ 70.00 to $ 75.00 in its research report on Thursday, August 18. Five analysts rated the stock with a hold rating and two gave a buy rating for the company’s stock. According to MarketBeat.com, the consensus is currently holding a “hold” rating with an average target price of $ 61.43.
Institutional investors take part in Alliant Energy
Several large investors have recently modified their holdings in LNT. Vanguard Group Inc. increased its position in Alliant Energy by 1.1% in the first quarter. Vanguard Group Inc. currently holds 31,030,199 shares of the company worth $ 1,938,766,000 after purchasing an additional 342,340 shares in the final quarter. State Street Corp increased its stake in Alliant Energy shares by 8.1% in the first quarter. State Street Corp. currently holds 13,692,321 shares of the company worth $ 855,496,000 after purchasing an additional 1,021,148 shares during this period. Invesco Ltd. increased its stake in Alliant Energy shares by 2.3% in the first quarter. Invesco Ltd. currently holds 3,743,215 shares of the company for a value of $ 233,876,000 following the purchase of an additional 85,796 shares during this period. Charles Schwab Investment Management Inc. increased its stake in Alliant Energy shares by 2.9% in the first quarter. Charles Schwab Investment Management Inc. currently holds 1,854,190 shares of the company for a value of $ 115,850,000 following the purchase of an additional 53,074 shares during the period. Finally, Federated Hermes Inc. raised its position in Alliant Energy by 5.6% in the first quarter. Federated Hermes Inc. currently holds 1,045,905 shares of the company for a value of $ 65,348,000 after acquiring an additional 55,278 shares during the period. Institutional investors own 74.84% of the company’s shares.
Alliant Energy company profile
(Get a grade)
Alliant Energy Corporation operates as a utility holding company that provides regulated electricity and natural gas services. It operates in three segments: Maintenance of Plant Power, Production of Plant Gases and Other Utilities. 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 produces and distributes steam in Cedar Rapids, Iowa.
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