Alliant Energy FY2024 EPS Forecast Boosted by Zacks Research

Alliant Energy Co. (NASDAQ:LNT) – Zacks Research lifted their FY2024 earnings estimates for Alliant Energy in a report issued on Tuesday, October 22nd. Zacks Research analyst R. Department now anticipates that the company will post earnings per share of $3.05 for the year, up from their prior forecast of $3.03. 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 Q2 2026 earnings at $0.77 EPS.

A number of other analysts also recently issued reports on the stock. Mizuho raised their price objective on shares of Alliant Energy from $52.00 to $61.00 and gave the stock a “neutral” rating in a report on Friday, October 4th. 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. BMO Capital Markets upped their price objective on Alliant Energy from $58.00 to $60.00 and gave the company a “market perform” rating in a research note on Tuesday, August 6th. Jefferies Financial Group started coverage on Alliant Energy in a report on Thursday, September 19th. They set a “hold” rating and a $67.00 price objective for the company. Finally, UBS Group boosted their target price on Alliant Energy from $64.00 to $65.00 and gave the company a “neutral” rating in a research note on Friday, September 20th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $63.28.

Alliant Energy Trading Down 0.0 %

Shares of Alliant Energy stock opened at $61.91 on Friday. The stock has a fifty day moving average price of $59.64 and a 200-day moving average price of $54.55. 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 has a market cap of $15.88 billion, a PE ratio of 25.27, a P/E/G ratio of 2.93 and a beta of 0.58. Alliant Energy has a 1 year low of $46.80 and a 1 year high of $62.49.

Alliant Energy (NASDAQ:LNT) last posted its earnings results on Thursday, August 1st. The company reported $0.57 EPS for the quarter, missing the consensus estimate 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 return on equity of 10.23% and a net margin of 15.77%. Alliant Energy’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.64 EPS.

Alliant Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be paid a $0.48 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $1.92 annualized dividend and a yield of 3.10%. Alliant Energy’s dividend payout ratio is currently 78.37%.

Institutional Investors Weigh In On Alliant Energy

Hedge funds and other institutional investors have recently modified their holdings of the stock. Intech Investment Management LLC increased its holdings in Alliant Energy by 604.0% during the 1st quarter. Intech Investment Management LLC now owns 72,768 shares of the company’s stock worth $3,668,000 after acquiring an additional 62,431 shares during the period. Cetera Investment Advisers raised its position in shares of Alliant Energy by 200.8% in the first quarter. Cetera Investment Advisers now owns 215,821 shares of the company’s stock worth $10,877,000 after buying an additional 144,077 shares in the last quarter. Forsta AP Fonden boosted its stake in Alliant Energy by 36.3% during the first quarter. Forsta AP Fonden now owns 70,600 shares of the company’s stock valued at $3,558,000 after buying an additional 18,800 shares during the period. FORA Capital LLC purchased a new position in Alliant Energy during the first quarter worth about $2,199,000. Finally, Ameritas Investment Partners Inc. boosted its position in shares of Alliant Energy by 105.5% during the 1st quarter. Ameritas Investment Partners Inc. now owns 33,166 shares of the company’s stock valued at $1,672,000 after acquiring an additional 17,030 shares during the last quarter. 79.90% of the stock is currently owned by 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.