Alliant Energy Co. (NYSE:LNT) Expected to Post Earnings of $0.88 Per Share

Equities analysts expect that Alliant Energy Co. (NYSE:LNT) will post earnings per share (EPS) of $0.88 for the current quarter, according to Zacks. Zero analysts have made estimates for Alliant Energy’s earnings. Alliant Energy posted earnings per share of $0.85 in the same quarter last year, which would suggest a positive year-over-year growth rate of 3.5%. The firm is scheduled to issue its next earnings results on Tuesday, November 5th.

On average, analysts expect that Alliant Energy will report full-year earnings of $2.25 per share for the current financial year. For the next year, analysts expect that the business will post earnings of $2.44 per share, with EPS estimates ranging from $2.40 to $2.46. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Alliant Energy.

Alliant Energy (NYSE:LNT) last issued its quarterly earnings data on Thursday, August 1st. The utilities provider reported $0.40 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.44 by ($0.04). The firm had revenue of $790.20 million for the quarter, compared to analyst estimates of $828.79 million. Alliant Energy had a net margin of 15.09% and a return on equity of 11.69%. The firm’s revenue for the quarter was down 3.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.43 EPS.

A number of research analysts recently issued reports on LNT shares. Argus restated a “buy” rating and set a $52.00 price objective on shares of Alliant Energy in a report on Wednesday, June 5th. Zacks Investment Research cut shares of Alliant Energy from a “buy” rating to a “hold” rating in a report on Wednesday, April 24th. Finally, Bank of America upgraded shares of Alliant Energy from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $50.00 to $54.00 in a report on Wednesday, June 26th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Alliant Energy currently has a consensus rating of “Hold” and an average price target of $49.21.

NYSE LNT traded up $0.30 during trading on Friday, reaching $50.28. 62,984 shares of the stock traded hands, compared to its average volume of 1,327,893. The company has a market capitalization of $11.84 billion, a price-to-earnings ratio of 26.18, a price-to-earnings-growth ratio of 3.28 and a beta of 0.18. The firm’s 50-day moving average is $49.76. The company has a current ratio of 0.73, a quick ratio of 0.59 and a debt-to-equity ratio of 1.15. Alliant Energy has a fifty-two week low of $40.68 and a fifty-two week high of $50.95.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Wednesday, July 31st will be issued a dividend of $0.355 per share. This represents a $1.42 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date is Tuesday, July 30th. Alliant Energy’s dividend payout ratio is currently 73.58%.

In other news, Chairman Patricia L. Kampling sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $47.55, for a total value of $475,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP James H. Gallegos sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $50.00, for a total transaction of $250,000.00. The disclosure for this sale can be found here. 0.25% of the stock is currently owned by insiders.

Several institutional investors have recently added to or reduced their stakes in the company. 6 Meridian boosted its holdings in shares of Alliant Energy by 1.9% in the second quarter. 6 Meridian now owns 11,374 shares of the utilities provider’s stock valued at $558,000 after buying an additional 209 shares during the period. OLD Second National Bank of Aurora boosted its holdings in shares of Alliant Energy by 14.3% in the second quarter. OLD Second National Bank of Aurora now owns 1,677 shares of the utilities provider’s stock valued at $82,000 after buying an additional 210 shares during the period. Hartford Investment Management Co. boosted its holdings in shares of Alliant Energy by 0.8% in the second quarter. Hartford Investment Management Co. now owns 26,448 shares of the utilities provider’s stock valued at $1,298,000 after buying an additional 211 shares during the period. World Asset Management Inc boosted its holdings in shares of Alliant Energy by 1.7% in the second quarter. World Asset Management Inc now owns 15,295 shares of the utilities provider’s stock valued at $751,000 after buying an additional 250 shares during the period. Finally, Signaturefd LLC lifted its position in shares of Alliant Energy by 9.4% in the second quarter. Signaturefd LLC now owns 3,176 shares of the utilities provider’s stock worth $156,000 after purchasing an additional 272 shares in the last quarter. Institutional investors own 71.12% of the company’s stock.

Alliant Energy Company Profile

Alliant Energy Corporation operates as a utility holding company that provides regulated electricity and natural gas services in the Midwest region of the United States. It operates through three segments: Electric, Gas, and Other. The company, through its subsidiary, Interstate Power and Light Company (IPL), primarily generates and distributes electricity, and distributes and transports natural gas to retail customers in Iowa; sells electricity to wholesale customers in Minnesota, Illinois, and Iowa; and generates and distributes steam in Cedar Rapids, Iowa.

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