Q3 EPS Estimates for Alliant Energy Lifted by Zacks Research

Alliant Energy Co. (NASDAQ:LNT) – Equities researchers at Zacks Research lifted their Q3 2024 earnings per share (EPS) estimates for shares of Alliant Energy in a research note issued on Tuesday, October 22nd. Zacks Research analyst R. Department now anticipates that the company will post earnings per share of $1.05 for the quarter, up from their previous forecast of $1.03. The consensus estimate for Alliant Energy’s current full-year earnings is $3.05 per share. Zacks Research also issued estimates for Alliant Energy’s Q1 2026 earnings at $0.75 EPS, Q3 2026 earnings at $1.06 EPS and FY2026 earnings at $3.45 EPS.

Alliant Energy (NASDAQ:LNT) last issued its 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 company had revenue of $894.00 million during the quarter, compared to analysts’ expectations of $897.03 million. Alliant Energy had a net margin of 15.77% and a return on equity of 10.23%. The company’s quarterly revenue was down 2.0% on a year-over-year basis. During the same period last year, the business posted $0.64 earnings per share.

LNT has been the topic of several other reports. Scotiabank raised their price target on shares of Alliant Energy from $58.00 to $64.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, August 20th. 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 research note on Thursday, August 29th. Barclays raised their price target on Alliant Energy from $55.00 to $61.00 and gave the stock an “equal weight” rating in a research note on Monday, October 14th. BMO Capital Markets upped their price objective on shares of Alliant Energy from $58.00 to $60.00 and gave the company a “market perform” rating in a research note on Tuesday, August 6th. Finally, LADENBURG THALM/SH SH upgraded shares of Alliant Energy from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $50.00 to $62.50 in a report on Tuesday, August 13th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Alliant Energy currently has a consensus rating of “Hold” and a consensus price target of $63.28.

Alliant Energy Stock Down 1.9 %

Alliant Energy stock opened at $60.74 on Thursday. Alliant Energy has a fifty-two week low of $46.80 and a fifty-two week high of $62.49. The firm has a market capitalization of $15.57 billion, a price-to-earnings ratio of 22.09, a price-to-earnings-growth ratio of 2.93 and a beta of 0.58. The stock’s fifty day moving average is $59.64 and its two-hundred day moving average is $54.55. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.48 and a current ratio of 0.65.

Alliant Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 3.16%. The ex-dividend date is Thursday, October 31st. Alliant Energy’s dividend payout ratio is currently 69.82%.

Institutional Investors Weigh In On Alliant Energy

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Northwest Investment Counselors LLC bought a new stake in shares of Alliant Energy in the 3rd quarter worth about $28,000. Eastern Bank bought a new stake in Alliant Energy in the third quarter valued at about $30,000. Kimelman & Baird LLC bought a new stake in Alliant Energy in the second quarter valued at about $41,000. Ashton Thomas Private Wealth LLC acquired a new stake in Alliant Energy during the second quarter valued at approximately $43,000. Finally, MRP Capital Investments LLC bought a new position in Alliant Energy during the 2nd quarter worth approximately $56,000. 79.90% of the stock is currently owned by hedge funds and other institutional investors.

Alliant Energy Company Profile

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.