Alliant Energy (NASDAQ:LNT) Issues FY 2021 Earnings Guidance

Alliant Energy (NASDAQ:LNT) issued an update on its FY 2021 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $2.650-$2.790 for the period, compared to the Thomson Reuters consensus estimate of $2.580. The company issued revenue guidance of -.

NASDAQ:LNT traded down $0.24 on Thursday, reaching $57.62. The company’s stock had a trading volume of 774,666 shares, compared to its average volume of 1,257,917. Alliant Energy has a 1-year low of $45.99 and a 1-year high of $62.35. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.51 and a current ratio of 0.65. The firm has a market cap of $14.42 billion, a PE ratio of 22.77, a PEG ratio of 3.55 and a beta of 0.38. The business’s 50-day moving average price is $56.43 and its two-hundred day moving average price is $57.87.

Alliant Energy (NASDAQ:LNT) last posted its earnings results on Thursday, November 4th. The company reported $1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.06. Alliant Energy had a return on equity of 11.01% and a net margin of 18.12%. The firm had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $895.37 million. During the same period in the previous year, the firm earned $0.98 earnings per share. The company’s revenue was up 11.3% on a year-over-year basis. As a group, sell-side analysts expect that Alliant Energy will post 2.64 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 15th. Stockholders of record on Monday, November 1st were given a dividend of $0.4025 per share. The ex-dividend date was Friday, October 29th. This represents a $1.61 annualized dividend and a dividend yield of 2.79%. Alliant Energy’s dividend payout ratio is currently 63.64%.

LNT has been the subject of several recent research reports. Wells Fargo & Company cut Alliant Energy from an overweight rating to an equal weight rating and upped their price objective for the stock from $61.56 to $66.00 in a research report on Tuesday, August 17th. Guggenheim cut Alliant Energy from a buy rating to a neutral rating in a research report on Tuesday, September 7th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of Hold and an average price target of $60.00.

A hedge fund recently raised its stake in Alliant Energy stock. Morgan Stanley raised its holdings in Alliant Energy Co. (NASDAQ:LNT) by 71.1% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,180,570 shares of the company’s stock after buying an additional 490,768 shares during the period. Morgan Stanley owned about 0.47% of Alliant Energy worth $65,829,000 at the end of the most recent quarter. 75.78% of the stock is owned by institutional investors and hedge funds.

About Alliant Energy

Alliant Energy Corp. is a regulated investor-owned public utility holding company that engages in the provision of regulated electricity and natural gas service to natural gas customers in the Midwest through its two public utility subsidiaries. It operates its business through following segments: utility electric operations, utility gas operations; and utility other.

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