Q4 2024 Earnings Forecast for Alliant Energy Co. Issued By Zacks Research (NASDAQ:LNT)

Alliant Energy Co. (NASDAQ:LNT) – Research analysts at Zacks Research dropped their Q4 2024 EPS estimates for Alliant Energy in a research note issued to investors on Wednesday, September 25th. Zacks Research analyst R. Department now anticipates that the company will post earnings of $0.81 per share for the quarter, down from their prior forecast of $0.88. The consensus estimate for Alliant Energy’s current full-year earnings is $3.06 per share.

Several other research firms have also recently issued reports on LNT. Wells Fargo & Company upped their price target on Alliant Energy from $56.00 to $62.00 and gave the company an “overweight” rating in a report on Monday, August 5th. Bank of America upped their target price on Alliant Energy from $62.00 to $63.00 and gave the company a “buy” rating in a report on Thursday, August 29th. BMO Capital Markets increased their price target on Alliant Energy from $58.00 to $60.00 and gave the company a “market perform” rating in a research report on Tuesday, August 6th. UBS Group boosted their price objective on Alliant Energy from $64.00 to $65.00 and gave the stock a “neutral” rating in a report on Friday, September 20th. Finally, Barclays raised their target price on shares of Alliant Energy from $52.00 to $55.00 and gave the stock an “equal weight” rating in a report on Thursday, July 11th. One research 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’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $60.17.

Alliant Energy Stock Performance

Shares of LNT opened at $60.74 on Monday. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.65 and a quick ratio of 0.48. The firm’s 50 day moving average is $57.81 and its 200-day moving average is $53.06. Alliant Energy has a 12-month low of $45.15 and a 12-month high of $60.86. The stock has a market capitalization of $15.57 billion, a P/E ratio of 22.09, a P/E/G ratio of 2.87 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 (EPS) for the quarter, missing analysts’ consensus estimates 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 net margin of 15.77% and a return on equity of 10.23%. The business’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.64 earnings per share.

Hedge Funds Weigh In On Alliant Energy

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LNT. Scarborough Advisors LLC bought a new position in Alliant Energy during the fourth quarter valued at about $28,000. Kimelman & Baird LLC bought a new position in shares of Alliant Energy in the 2nd quarter valued at approximately $41,000. Ashton Thomas Private Wealth LLC acquired a new position in Alliant Energy during the 2nd quarter valued at $43,000. MRP Capital Investments LLC bought a new stake in Alliant Energy in the 2nd quarter valued at $56,000. Finally, Creekmur Asset Management LLC acquired a new stake in Alliant Energy in the 4th quarter worth $65,000. Institutional investors own 79.90% of the company’s stock.

Alliant Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Wednesday, July 31st were paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.16%. 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.