Alliant Energy (NYSE:LNT) Releases FY19 Earnings Guidance

Alliant Energy (NYSE:LNT) issued an update on its FY19 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $2.17-2.31 for the period, compared to the Thomson Reuters consensus estimate of $2.25.

Shares of NYSE LNT traded up $0.15 during midday trading on Friday, reaching $50.13. 1,328,004 shares of the stock were exchanged, compared to its average volume of 1,327,894. The stock has a market capitalization of $11.90 billion, a P/E ratio of 25.97, a price-to-earnings-growth ratio of 3.28 and a beta of 0.18. Alliant Energy has a 12 month low of $40.68 and a 12 month high of $50.95. The business’s 50-day moving average is $49.78. The company has a quick ratio of 0.59, a current ratio of 0.73 and a debt-to-equity ratio of 1.15.

Alliant Energy (NYSE:LNT) last issued its quarterly earnings results on Thursday, August 1st. The utilities provider reported $0.40 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.04). Alliant Energy had a return on equity of 11.69% and a net margin of 15.09%. The business had revenue of $790.20 million for the quarter, compared to the consensus estimate of $828.79 million. During the same period last year, the firm earned $0.43 earnings per share. The company’s quarterly revenue was down 3.2% compared to the same quarter last year. Equities research analysts anticipate that Alliant Energy will post 2.15 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Wednesday, July 31st will be given a dividend of $0.355 per share. The ex-dividend date is Tuesday, July 30th. This represents a $1.42 annualized dividend and a yield of 2.83%. Alliant Energy’s dividend payout ratio (DPR) is presently 73.58%.

Several research analysts have recently weighed in on LNT shares. Bank of America upgraded shares of Alliant Energy from a neutral rating to a buy rating and boosted their price objective for the stock from $50.00 to $54.00 in a research note on Wednesday, June 26th. Argus reiterated a buy rating and issued a $52.00 price target on shares of Alliant Energy in a research note on Wednesday, June 5th. Finally, Zacks Investment Research lowered shares of Alliant Energy from a buy rating to a hold rating in a research note on Wednesday, April 24th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of $49.21.

In other Alliant Energy news, SVP James H. Gallegos sold 5,000 shares of the 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Patricia L. Kampling sold 10,000 shares of the stock in a transaction that occurred on 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. Corporate insiders own 0.25% of the company’s stock.

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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