Alliant Energy Corporation (LNT) to Distribute Quarterly Dividend of $0.54 on August 17th

Alliant Energy Corporation (NASDAQ:LNT) announced a quarterly dividend on Thursday, July 16th. Stockholders of record on Friday, July 31st will be given a dividend of 0.535 per share on Monday, August 17th. This represents a c) dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Friday, July 31st.

Alliant Energy has raised its dividend by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 22 consecutive years. Alliant Energy has a dividend payout ratio of 62.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Alliant Energy to earn $3.68 per share next year, which means the company should continue to be able to cover its $2.14 annual dividend with an expected future payout ratio of 58.2%.

Alliant Energy Stock Performance

Shares of NASDAQ LNT opened at $74.82 on Friday. The firm has a market capitalization of $19.32 billion, a price-to-earnings ratio of 23.45, a PEG ratio of 3.09 and a beta of 0.55. Alliant Energy has a one year low of $63.28 and a one year high of $78.81. The business has a fifty day simple moving average of $73.96 and a 200 day simple moving average of $71.26. The company has a current ratio of 0.69, a quick ratio of 0.53 and a debt-to-equity ratio of 1.48.

Alliant Energy (NASDAQ:LNT) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.82 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.82. Alliant Energy had a net margin of 18.58% and a return on equity of 11.37%. The firm had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the previous year, the company earned $0.83 earnings per share. The business’s revenue was up 5.0% compared to the same quarter last year. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. Sell-side analysts expect that Alliant Energy will post 3.43 EPS for the current year.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. TD Cowen began coverage on shares of Alliant Energy in a research report on Tuesday, July 7th. They issued a “hold” rating and a $83.00 price target for the company. Barclays set a $74.00 price objective on Alliant Energy and gave the company an “equal weight” rating in a report on Wednesday, April 15th. Wells Fargo & Company reiterated an “overweight” rating and issued a $76.00 price objective on shares of Alliant Energy in a research note on Tuesday, April 21st. BMO Capital Markets reissued an “outperform” rating and issued a $83.00 target price (up from $81.00) on shares of Alliant Energy in a report on Wednesday. Finally, Mizuho set a $76.00 target price on Alliant Energy in a research report on Monday, May 4th. Nine research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $77.36.

About Alliant Energy

Alliant Energy Corporation (NASDAQ: LNT) is a publicly traded energy holding company headquartered in Madison, Wisconsin, that provides regulated electric and natural gas utility services in the American Midwest. The company serves customers primarily in Wisconsin and Iowa through its regulated utility subsidiaries and operates as an integrated provider responsible for generation, transmission and distribution of energy to residential, commercial and industrial customers.

Alliant Energy’s core activities include operating and maintaining electric generation assets, managing the regional transmission and distribution network, and delivering natural gas service to its franchise territories.