Alliant Energy Corporation (LNT) to Post FY2019 Earnings of $2.20 Per Share, Gabelli Forecasts
Alliant Energy Corporation (NYSE:LNT) – Research analysts at Gabelli issued their FY2019 earnings per share (EPS) estimates for Alliant Energy Corporation in a note issued to investors on Wednesday. Gabelli analyst T. Winter expects that the utilities provider will earn $2.20 per share for the year.
Alliant Energy Corporation (NYSE:LNT) last posted its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.02. The business had revenue of $765.30 million during the quarter, compared to the consensus estimate of $725.92 million. Alliant Energy Corporation had a net margin of 11.85% and a return on equity of 11.43%. The company’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.37 earnings per share. WARNING: This report was first posted by Watch List News and is owned by of Watch List News. If you are reading this report on another website, it was copied illegally and reposted in violation of US & international copyright and trademark law. The original version of this report can be accessed at https://www.watchlistnews.com/alliant-energy-corporation-lnt-to-post-fy2019-earnings-of-2-20-per-share-gabelli-forecasts/1468652.html.
Other analysts have also recently issued research reports about the company. Zacks Investment Research upgraded Alliant Energy Corporation from a “hold” rating to a “buy” rating and set a $45.00 target price on the stock in a report on Friday, May 19th. Barclays PLC restated an “equal weight” rating and set a $43.00 target price (up previously from $41.00) on shares of Alliant Energy Corporation in a report on Thursday, June 1st. Jefferies Group LLC restated a “hold” rating and set a $43.00 target price (up previously from $42.00) on shares of Alliant Energy Corporation in a report on Wednesday. BidaskClub upgraded Alliant Energy Corporation from a “sell” rating to a “hold” rating in a report on Monday, July 24th. Finally, UBS AG restated a “neutral” rating and set a $42.00 target price (up previously from $41.00) on shares of Alliant Energy Corporation in a report on Wednesday, May 10th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $42.33.
Alliant Energy Corporation (NYSE:LNT) traded up 0.277% during midday trading on Thursday, reaching $41.625. 425,880 shares of the company traded hands. The company has a 50-day moving average price of $40.64 and a 200-day moving average price of $39.80. Alliant Energy Corporation has a 12-month low of $34.88 and a 12-month high of $42.19. The company has a market cap of $9.62 billion, a price-to-earnings ratio of 24.572 and a beta of 0.41.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 15th. Investors of record on Monday, July 31st will be issued a $0.315 dividend. This represents a $1.26 annualized dividend and a yield of 3.04%. The ex-dividend date is Thursday, July 27th. Alliant Energy Corporation’s dividend payout ratio is 74.12%.
In related news, SVP James H. Gallegos sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, May 23rd. The stock was sold at an average price of $41.25, for a total value of $206,250.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Deborah B. Dunie purchased 3,700 shares of the firm’s stock in a transaction that occurred on Friday, May 19th. The stock was purchased at an average price of $39.61 per share, for a total transaction of $146,557.00. Following the acquisition, the director now owns 11,050 shares of the company’s stock, valued at $437,690.50. The disclosure for this purchase can be found here. 0.33% of the stock is owned by company insiders.
A number of institutional investors have recently bought and sold shares of LNT. Pacad Investment Ltd. purchased a new position in Alliant Energy Corporation during the second quarter valued at about $125,000. Mosaic Family Wealth LLC boosted its position in Alliant Energy Corporation by 0.8% in the first quarter. Mosaic Family Wealth LLC now owns 3,212 shares of the utilities provider’s stock valued at $127,000 after buying an additional 27 shares in the last quarter. Huntington National Bank boosted its position in Alliant Energy Corporation by 229.2% in the second quarter. Huntington National Bank now owns 3,292 shares of the utilities provider’s stock valued at $133,000 after buying an additional 2,292 shares in the last quarter. Pacer Advisors Inc. boosted its position in Alliant Energy Corporation by 3.2% in the first quarter. Pacer Advisors Inc. now owns 4,281 shares of the utilities provider’s stock valued at $170,000 after buying an additional 132 shares in the last quarter. Finally, Federated Investors Inc. PA boosted its position in Alliant Energy Corporation by 8.2% in the second quarter. Federated Investors Inc. PA now owns 4,288 shares of the utilities provider’s stock valued at $172,000 after buying an additional 326 shares in the last quarter. Institutional investors and hedge funds own 67.68% of the company’s stock.
About Alliant Energy Corporation
Alliant Energy Corporation operates as a regulated investor-owned public utility holding company. The Company’s segments include Utility and Non-regulated, Parent and Other. The Utility segment includes the operations of Interstate Power and Light Company (IPL) and Wisconsin Power and Light Company (WPL), which serve retail customers in Iowa and Wisconsin.
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