Alliant Energy (NASDAQ:LNT) Releases Quarterly Earnings Results

Alliant Energy (NASDAQ:LNT) released its earnings results on Thursday. The company reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.31 by $0.21, Zacks reports. Alliant Energy had a return on equity of 11.16% and a net margin of 18.45%.

Alliant Energy Price Performance

NASDAQ:LNT traded up $1.31 during trading hours on Thursday, hitting $70.68. The company’s stock had a trading volume of 3,053,762 shares, compared to its average volume of 2,832,311. Alliant Energy has a 52-week low of $62.54 and a 52-week high of $78.81. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.35 and a current ratio of 0.47. The business’s 50-day moving average is $66.92 and its two-hundred day moving average is $70.44. The company has a market capitalization of $18.33 billion, a PE ratio of 22.37, a PEG ratio of 2.92 and a beta of 0.52.

Alliant Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 16th. Shareholders of record on Friday, October 30th will be given a $0.5350 dividend. The ex-dividend date is Friday, October 30th. This represents a $2.14 annualized dividend and a yield of 3.0%. Alliant Energy’s dividend payout ratio is presently 67.72%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on LNT shares. Royal Bank Of Canada set a $75.00 price objective on shares of Alliant Energy in a research note on Wednesday, October 14th. Jefferies Financial Group restated a “buy” rating and issued a $75.00 target price on shares of Alliant Energy in a research note on Monday, October 12th. Mizuho lowered their target price on shares of Alliant Energy from $76.00 to $75.00 and set a “neutral” rating on the stock in a report on Monday, August 3rd. TD Cowen started coverage on shares of Alliant Energy in a research note on Tuesday, July 7th. They set a “hold” rating and a $83.00 price target on the stock. Finally, Barclays set a $68.00 price target on shares of Alliant Energy and gave the stock an “equal weight” rating in a report on Tuesday, October 13th. Seven analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, Alliant Energy presently has an average rating of “Moderate Buy” and a consensus target price of $74.68.

About Alliant Energy

Alliant Energy Corporation is a public utility holding company headquartered in Madison, Wisconsin. Through its regulated utility subsidiaries, Interstate Power and Light Company and Wisconsin Power and Light Company, the company provides electric and natural gas service to residential, commercial, and industrial customers in Iowa and Wisconsin.

Alliant Energy’s operations include the generation, transmission, distribution, and sale of electricity, as well as the distribution and sale of natural gas.