Zacks Research Predicts Weaker Earnings for Alliant Energy

Alliant Energy Co. (NASDAQ:LNT) – Equities researchers at Zacks Research decreased their Q4 2024 earnings per share (EPS) estimates for Alliant Energy in a note issued to investors on Thursday, November 21st. Zacks Research analyst R. Department now forecasts that the company will earn $0.69 per share for the quarter, down from their prior estimate of $0.74. The consensus estimate for Alliant Energy’s current full-year earnings is $3.04 per share. Zacks Research also issued estimates for Alliant Energy’s Q1 2025 earnings at $0.65 EPS, Q2 2025 earnings at $0.63 EPS, Q4 2025 earnings at $0.76 EPS, FY2025 earnings at $3.22 EPS, Q1 2026 earnings at $0.73 EPS and Q2 2026 earnings at $0.68 EPS.

A number of other research firms have also recently commented on LNT. Mizuho upped their price target on Alliant Energy from $52.00 to $61.00 and gave the stock a “neutral” rating in a research note on Friday, October 4th. BMO Capital Markets lowered their target price on Alliant Energy from $65.00 to $61.00 and set a “market perform” rating for the company in a report on Monday, November 4th. Wells Fargo & Company dropped their target price on Alliant Energy from $66.00 to $65.00 and set an “overweight” rating for the company in a research report on Monday, November 4th. Scotiabank increased 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 report on Tuesday, August 20th. Finally, Bank of America lifted their price objective on shares of Alliant Energy from $62.00 to $63.00 and gave the company a “buy” rating in a report on Thursday, August 29th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $63.06.

Alliant Energy Stock Performance

Shares of LNT stock opened at $63.34 on Monday. Alliant Energy has a one year low of $46.80 and a one year high of $64.19. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.72 and a current ratio of 0.86. The firm’s 50 day moving average price is $60.41 and its 200-day moving average price is $56.30. The firm has a market cap of $16.25 billion, a P/E ratio of 24.55, a P/E/G ratio of 3.13 and a beta of 0.58.

Alliant Energy (NASDAQ:LNT) last announced its quarterly earnings results on Thursday, October 31st. The company reported $1.15 EPS for the quarter, beating the consensus estimate of $1.10 by $0.05. The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.08 billion. Alliant Energy had a return on equity of 10.56% and a net margin of 16.66%. The company’s quarterly revenue was up .4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.05 EPS.

Alliant Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were paid a $0.48 dividend. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $1.92 dividend on an annualized basis and a yield of 3.03%. Alliant Energy’s dividend payout ratio is currently 74.42%.

Institutional Investors Weigh In On Alliant Energy

Several institutional investors have recently modified their holdings of LNT. Larson Financial Group LLC raised its stake in Alliant Energy by 7,083.3% in the third quarter. Larson Financial Group LLC now owns 431 shares of the company’s stock valued at $26,000 after buying an additional 425 shares in the last quarter. Northwest Investment Counselors LLC purchased a new position in shares of Alliant Energy in the 3rd quarter valued at about $28,000. Eastern Bank acquired a new stake in shares of Alliant Energy during the 3rd quarter worth about $30,000. JNBA Financial Advisors purchased a new stake in Alliant Energy during the third quarter worth approximately $31,000. Finally, Kimelman & Baird LLC acquired a new position in Alliant Energy in the second quarter valued at approximately $41,000. 79.90% of the stock is owned by hedge funds and other institutional investors.

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.