Alliant Energy (NYSE:LNT) Announces Quarterly Earnings Results, Misses Expectations By $0.04 EPS

Alliant Energy (NYSE:LNT) posted its quarterly earnings data on Thursday. The utilities provider reported $0.40 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.04), Bloomberg Earnings reports. Alliant Energy had a return on equity of 11.69% and a net margin of 15.09%. The firm had revenue of $790.20 million for the quarter, compared to the consensus estimate of $828.79 million. During the same period in the prior year, the company earned $0.43 EPS. The company’s revenue for the quarter was down 3.2% compared to the same quarter last year. Alliant Energy updated its FY19 guidance to $2.17-2.31 EPS.

Shares of LNT stock traded up $0.15 on Friday, reaching $50.13. The company had a trading volume of 1,328,004 shares, compared to its average volume of 1,327,894. The firm has a market capitalization of $11.90 billion, a PE ratio of 25.97, a PEG ratio of 3.28 and a beta of 0.18. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.73 and a quick ratio of 0.59. Alliant Energy has a one year low of $40.68 and a one year high of $50.95. The firm has a 50-day simple moving average of $49.78.

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Wednesday, July 31st will be issued a $0.355 dividend. The ex-dividend date is Tuesday, July 30th. This represents a $1.42 dividend on an annualized basis and a dividend yield of 2.83%. Alliant Energy’s dividend payout ratio (DPR) is currently 73.58%.

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

LNT has been the subject of several recent analyst reports. Bank of America raised shares of Alliant Energy from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $50.00 to $54.00 in a research report on Wednesday, June 26th. Zacks Investment Research cut shares of Alliant Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, April 24th. Finally, Argus reaffirmed a “buy” rating and set a $52.00 price objective on shares of Alliant Energy in a research report on Wednesday, June 5th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $49.21.

About Alliant Energy

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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Earnings History for Alliant Energy (NYSE:LNT)

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