Alliant Energy (NASDAQ:LNT) Issues Earnings Results

Alliant Energy (NASDAQ:LNTGet Free Report) posted its quarterly earnings results on Thursday. The company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.07, Zacks reports. Alliant Energy had a return on equity of 11.37% and a net margin of 18.58%.The firm had revenue of $971.00 million during the quarter, compared to analyst estimates of $896.94 million. During the same quarter in the previous year, the firm earned $0.68 EPS. Alliant Energy’s quarterly revenue was up 1.0% compared to the same quarter last year. Alliant Energy updated its FY 2026 guidance to 3.360-3.460 EPS.

Alliant Energy Trading Down 0.6%

NASDAQ:LNT traded down $0.41 during mid-day trading on Friday, hitting $70.48. 1,500,004 shares of the stock traded hands, compared to its average volume of 2,478,641. The company has a quick ratio of 0.53, a current ratio of 0.69 and a debt-to-equity ratio of 1.48. Alliant Energy has a 52 week low of $63.28 and a 52 week high of $78.81. The stock has a market capitalization of $18.20 billion, a price-to-earnings ratio of 22.09, a PEG ratio of 2.67 and a beta of 0.55. The firm’s 50 day moving average is $74.15 and its two-hundred day moving average is $71.82.

Alliant Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 17th. Shareholders of record on Friday, July 31st will be given a dividend of $0.535 per share. The ex-dividend date is Friday, July 31st. This represents a $2.14 dividend on an annualized basis and a yield of 3.0%. Alliant Energy’s payout ratio is 67.08%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in LNT. Measured Wealth Private Client Group LLC purchased a new stake in shares of Alliant Energy during the 3rd quarter worth $27,000. Caitong International Asset Management Co. Ltd increased its stake in Alliant Energy by 235.4% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 634 shares of the company’s stock valued at $41,000 after purchasing an additional 445 shares in the last quarter. MUFG Securities EMEA plc purchased a new position in shares of Alliant Energy in the second quarter worth $46,000. Quantbot Technologies LP acquired a new stake in shares of Alliant Energy during the third quarter worth $54,000. Finally, Brown Brothers Harriman & Co. lifted its stake in shares of Alliant Energy by 58.3% during the third quarter. Brown Brothers Harriman & Co. now owns 850 shares of the company’s stock worth $57,000 after buying an additional 313 shares during the period. 79.90% of the stock is currently owned by institutional investors.

Alliant Energy News Summary

Here are the key news stories impacting Alliant Energy this week:

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. BMO Capital Markets cut their price objective on shares of Alliant Energy from $83.00 to $80.00 and set an “outperform” rating for the company in a research report on Wednesday, July 22nd. Weiss Ratings lowered Alliant Energy from a “buy (b+)” rating to a “buy (b)” rating in a report on Tuesday. Wells Fargo & Company reiterated an “overweight” rating and set a $76.00 price objective on shares of Alliant Energy in a research note on Tuesday, April 21st. Mizuho set a $76.00 target price on shares of Alliant Energy in a report on Monday, May 4th. Finally, Wall Street Zen cut shares of Alliant Energy from a “sell” rating to a “strong sell” rating in a research note on Saturday, July 18th. Nine investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $77.09.

Check Out Our Latest Report on LNT

About Alliant Energy

(Get Free Report)

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.

See Also

Earnings History for Alliant Energy (NASDAQ:LNT)

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