Alliant Energy (NASDAQ:LNT) Announces Quarterly Earnings Results, Beats Estimates By $0.02 EPS

Alliant Energy (NASDAQ:LNT) released its earnings results on Thursday. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.68 by $0.02, Zacks reports. Alliant Energy had a net margin of 17.33% and a return on equity of 11.39%. The firm had revenue of $976.00 million during the quarter, compared to analysts’ expectations of $1.14 billion. Alliant Energy updated its FY 2025 guidance to 3.150-3.250 EPS.

Alliant Energy Stock Up 1.9 %

Shares of NASDAQ:LNT opened at $62.81 on Friday. Alliant Energy has a 12 month low of $46.80 and a 12 month high of $64.19. The company’s 50-day moving average price is $59.44 and its two-hundred day moving average price is $59.65. The company has a quick ratio of 0.72, a current ratio of 0.86 and a debt-to-equity ratio of 1.33. The firm has a market cap of $16.12 billion, a P/E ratio of 23.35, a P/E/G ratio of 2.83 and a beta of 0.60.

Alliant Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Friday, January 31st were issued a dividend of $0.5075 per share. The ex-dividend date of this dividend was Friday, January 31st. This represents a $2.03 dividend on an annualized basis and a yield of 3.23%. This is a positive change from Alliant Energy’s previous quarterly dividend of $0.48. Alliant Energy’s dividend payout ratio is currently 75.46%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on LNT. Scotiabank cut shares of 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 note on Thursday, December 12th. BMO Capital Markets dropped their price objective on shares of Alliant Energy from $65.00 to $61.00 and set a “market perform” rating for the company in a research note on Monday, November 4th. Barclays dropped their price objective on shares of Alliant Energy from $61.00 to $59.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 6th. Finally, Wells Fargo & Company dropped their price objective on shares of Alliant Energy from $66.00 to $65.00 and set an “overweight” rating for the company in a research note on Monday, November 4th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Alliant Energy presently has an average rating of “Hold” and a consensus price target of $63.39.

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.