Zacks Research Comments on Alliant Energy Co.’s Q4 2024 Earnings (NASDAQ:LNT)

Alliant Energy Co. (NASDAQ:LNT) – Equities researchers at Zacks Research decreased their Q4 2024 earnings per share (EPS) estimates for shares of Alliant Energy in a report released on Wednesday, September 25th. Zacks Research analyst R. Department now expects that the company will earn $0.81 per share for the quarter, down from their prior estimate of $0.88. The consensus estimate for Alliant Energy’s current full-year earnings is $3.05 per share.

Other equities research analysts also recently issued research reports about the company. Scotiabank raised their price target on Alliant Energy from $58.00 to $64.00 and gave the company a “sector outperform” rating in a report on Tuesday, August 20th. LADENBURG THALM/SH SH raised Alliant Energy from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $50.00 to $62.50 in a report on Tuesday, August 13th. UBS Group lifted their target price on Alliant Energy from $64.00 to $65.00 and gave the stock a “neutral” rating in a report on Friday, September 20th. Wells Fargo & Company lifted their target price on Alliant Energy from $56.00 to $62.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Finally, BMO Capital Markets lifted their target price on Alliant Energy from $58.00 to $60.00 and gave the stock a “market perform” rating in a report on Tuesday, August 6th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $60.17.

Alliant Energy Price Performance

NASDAQ:LNT opened at $61.02 on Monday. Alliant Energy has a 1-year low of $45.15 and a 1-year high of $61.09. The company has a current ratio of 0.65, a quick ratio of 0.48 and a debt-to-equity ratio of 1.31. The firm has a fifty day simple moving average of $58.05 and a 200 day simple moving average of $53.24. The stock has a market capitalization of $15.65 billion, a PE ratio of 22.19, a P/E/G ratio of 2.91 and a beta of 0.58.

Alliant Energy (NASDAQ:LNT) last issued its quarterly earnings results 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). Alliant Energy had a return on equity of 10.23% and a net margin of 15.77%. The business had revenue of $894.00 million for the quarter, compared to the consensus estimate of $897.03 million. During the same period in the prior year, the business earned $0.64 earnings per share. Alliant Energy’s revenue was down 2.0% compared to the same quarter last year.

Institutional Trading of Alliant Energy

Hedge funds and other institutional investors have recently made changes to their positions in the company. Janus Henderson Group PLC lifted its stake in shares of Alliant Energy by 10.3% in the first quarter. Janus Henderson Group PLC now owns 10,579,475 shares of the company’s stock worth $533,205,000 after acquiring an additional 984,963 shares during the period. Cohen & Steers Inc. lifted its stake in shares of Alliant Energy by 6.2% in the fourth quarter. Cohen & Steers Inc. now owns 3,651,565 shares of the company’s stock worth $187,325,000 after acquiring an additional 213,522 shares during the period. Mairs & Power Inc. lifted its stake in shares of Alliant Energy by 2.2% in the fourth quarter. Mairs & Power Inc. now owns 3,173,484 shares of the company’s stock worth $162,800,000 after acquiring an additional 67,550 shares during the period. Northern Trust Corp lifted its stake in shares of Alliant Energy by 2.3% in the fourth quarter. Northern Trust Corp now owns 2,491,130 shares of the company’s stock worth $127,795,000 after acquiring an additional 55,131 shares during the period. Finally, Johnson Investment Counsel Inc. lifted its stake in shares of Alliant Energy by 1.7% in the second quarter. Johnson Investment Counsel Inc. now owns 1,756,533 shares of the company’s stock worth $89,408,000 after acquiring an additional 29,358 shares during the period. 79.90% of the stock is currently owned by institutional investors.

Alliant Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Wednesday, July 31st were issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 3.15%. The ex-dividend date was Wednesday, July 31st. Alliant Energy’s dividend payout ratio (DPR) is currently 69.82%.

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.