Analysts Expect Alliant Energy Co. (LNT) to Post $0.85 EPS

Equities analysts forecast that Alliant Energy Co. (NYSE:LNT) will post earnings of $0.85 per share for the current fiscal quarter, according to Zacks. Zero analysts have provided estimates for Alliant Energy’s earnings. The highest EPS estimate is $0.87 and the lowest is $0.83. Alliant Energy reported earnings per share of $0.75 during the same quarter last year, which would suggest a positive year-over-year growth rate of 13.3%. The business is scheduled to announce its next earnings report on Thursday, November 1st.

On average, analysts expect that Alliant Energy will report full-year earnings of $2.13 per share for the current year, with EPS estimates ranging from $2.12 to $2.15. For the next year, analysts expect that the company will report earnings of $2.24 per share, with EPS estimates ranging from $2.22 to $2.26. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow Alliant Energy.

Alliant Energy (NYSE:LNT) last released its quarterly earnings results on Thursday, August 2nd. The utilities provider reported $0.43 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.45 by ($0.02). Alliant Energy had a return on equity of 11.35% and a net margin of 14.14%. The company had revenue of $816.10 million during the quarter, compared to analyst estimates of $789.73 million. During the same period last year, the firm earned $0.41 earnings per share. The business’s revenue was up 6.6% compared to the same quarter last year.



LNT has been the subject of several analyst reports. UBS Group upped their target price on Alliant Energy from $43.00 to $45.00 and gave the company a “neutral” rating in a research note on Friday. Zacks Investment Research lowered Alliant Energy from a “hold” rating to a “sell” rating in a research note on Friday, April 27th. ValuEngine upgraded Alliant Energy from a “hold” rating to a “buy” rating in a research note on Friday, April 27th. Howard Weil initiated coverage on Alliant Energy in a research note on Tuesday, July 24th. They issued a “sector perform” rating and a $44.00 target price for the company. Finally, Wolfe Research lowered Alliant Energy from a “peer perform” rating to an “underperform” rating in a research note on Monday. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $44.67.

Institutional investors have recently added to or reduced their stakes in the stock. First Interstate Bank purchased a new stake in Alliant Energy during the second quarter valued at about $110,000. Piedmont Investment Advisors LLC purchased a new stake in Alliant Energy during the second quarter valued at about $115,000. BerganKDV Wealth Management LLC purchased a new stake in Alliant Energy during the second quarter valued at about $150,000. Federated Investors Inc. PA purchased a new stake in Alliant Energy during the first quarter valued at about $200,000. Finally, First Heartland Consultants Inc. purchased a new stake in Alliant Energy during the second quarter valued at about $200,000. Hedge funds and other institutional investors own 71.56% of the company’s stock.

Shares of NYSE LNT traded up $0.01 during trading on Tuesday, reaching $42.73. The company had a trading volume of 1,155,200 shares, compared to its average volume of 1,717,713. Alliant Energy has a twelve month low of $36.84 and a twelve month high of $45.55. The stock has a market cap of $9.99 billion, a price-to-earnings ratio of 22.14, a price-to-earnings-growth ratio of 3.65 and a beta of 0.29. The company has a quick ratio of 0.48, a current ratio of 0.64 and a debt-to-equity ratio of 1.18.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 15th. Investors of record on Tuesday, July 31st will be paid a $0.335 dividend. The ex-dividend date is Monday, July 30th. This represents a $1.34 annualized dividend and a yield of 3.14%. Alliant Energy’s payout ratio is currently 69.43%.

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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