Zacks Research Forecasts Reduced Earnings for Alliant Energy

Alliant Energy Co. (NASDAQ:LNT) – Equities research analysts at Zacks Research dropped their Q4 2024 earnings per share (EPS) estimates for Alliant Energy in a research note issued on Thursday, November 21st. Zacks Research analyst R. Department now anticipates that the company will post earnings of $0.69 per share for the quarter, down from their prior estimate of $0.74. The consensus estimate for Alliant Energy’s current full-year earnings is $3.04 per share. Zacks Research also issued estimates for Alliant Energy’s Q1 2025 earnings at $0.65 EPS, Q2 2025 earnings at $0.63 EPS, Q4 2025 earnings at $0.76 EPS, FY2025 earnings at $3.22 EPS, Q1 2026 earnings at $0.73 EPS and Q2 2026 earnings at $0.68 EPS.

Alliant Energy (NASDAQ:LNT) last released its quarterly earnings results on Thursday, October 31st. The company reported $1.15 EPS for the quarter, topping the consensus estimate of $1.10 by $0.05. Alliant Energy had a return on equity of 10.56% and a net margin of 16.66%. The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.08 billion. The firm’s revenue was up .4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.05 earnings per share.

Several other research analysts also recently issued reports on LNT. Jefferies Financial Group initiated coverage on shares of Alliant Energy in a research report on Thursday, September 19th. They set a “hold” rating and a $67.00 price objective on the stock. LADENBURG THALM/SH SH upgraded Alliant Energy from a “neutral” rating to a “buy” rating and boosted their price target for the company from $50.00 to $62.50 in a research report on Tuesday, August 13th. Bank of America increased their price objective on Alliant Energy from $62.00 to $63.00 and gave the stock a “buy” rating in a research report on Thursday, August 29th. Mizuho boosted their target price on Alliant Energy from $52.00 to $61.00 and gave the company a “neutral” rating in a report on Friday, October 4th. Finally, Wells Fargo & Company cut their price target on Alliant Energy from $66.00 to $65.00 and set an “overweight” rating for the company in a research note on Monday, November 4th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Alliant Energy has a consensus rating of “Hold” and an average price target of $63.06.

Alliant Energy Stock Performance

Shares of Alliant Energy stock opened at $63.34 on Monday. The firm’s fifty day simple moving average is $60.41 and its 200-day simple moving average is $56.30. Alliant Energy has a 12 month low of $46.80 and a 12 month high of $64.19. The stock has a market capitalization of $16.25 billion, a price-to-earnings ratio of 24.55, a PEG ratio of 3.13 and a beta of 0.58. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.86 and a quick ratio of 0.72.

Institutional Investors Weigh In On Alliant Energy

Institutional investors have recently made changes to their positions in the stock. Wilmington Savings Fund Society FSB acquired a new stake in shares of Alliant Energy during the 3rd quarter valued at approximately $72,000. Arvest Bank Trust Division purchased a new position in Alliant Energy in the 3rd quarter valued at approximately $2,063,000. Virtu Financial LLC purchased a new position in Alliant Energy in the 3rd quarter valued at approximately $602,000. Coldstream Capital Management Inc. raised its holdings in Alliant Energy by 2.6% during the third quarter. Coldstream Capital Management Inc. now owns 44,862 shares of the company’s stock worth $2,723,000 after purchasing an additional 1,139 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in Alliant Energy by 1.4% during the third quarter. Geode Capital Management LLC now owns 6,593,166 shares of the company’s stock worth $398,880,000 after purchasing an additional 92,525 shares in the last quarter. 79.90% of the stock is currently owned by hedge funds and other institutional investors.

Alliant Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were paid a $0.48 dividend. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.03%. Alliant Energy’s dividend payout ratio (DPR) is presently 74.42%.

Alliant Energy Company Profile

Alliant Energy Corporation operates as a utility holding company that provides regulated electricity and natural gas services in the United States. It operates in three segments: Utility Electric Operations, Utility Gas Operations, and Utility 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.