Alliant Energy (LNT) Projected to Post Quarterly Earnings on Thursday

Alliant Energy (NASDAQ:LNT) will likely be releasing its earnings data 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. Persons that wish to register for the company’s earnings conference call can do so using this link.

Alliant Energy Trading Up 0.6 %

Alliant Energy stock opened at $61.67 on Wednesday. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.86 and a quick ratio of 0.72. Alliant Energy has a one year low of $46.80 and a one year high of $64.19. The stock has a market capitalization of $15.82 billion, a PE ratio of 23.90, a price-to-earnings-growth ratio of 2.73 and a beta of 0.60. The business’s fifty day moving average is $59.34 and its 200 day moving average is $59.57.

Alliant Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Friday, January 31st were given a dividend of $0.5075 per share. The ex-dividend date of this dividend was Friday, January 31st. This is a boost from Alliant Energy’s previous quarterly dividend of $0.48. This represents a $2.03 annualized dividend and a dividend yield of 3.29%. Alliant Energy’s dividend payout ratio (DPR) is 78.68%.

Analysts Set New Price Targets

Several research firms recently commented on LNT. Scotiabank cut Alliant Energy from a “sector outperform” rating to a “sector perform” rating and increased their price objective for the company from $64.00 to $67.00 in a research report on Thursday, December 12th. Wells Fargo & Company dropped their target price on Alliant Energy from $66.00 to $65.00 and set an “overweight” rating on the stock in a research report on Monday, November 4th. Barclays decreased their price objective on Alliant Energy from $61.00 to $59.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 6th. Finally, BMO Capital Markets decreased their price objective on 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. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target 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.