Alliant Energy (LNT) to Release Earnings on Thursday

Alliant Energy (NASDAQ:LNTGet Rating) will post its quarterly earnings results after the market closes on Thursday, April 28th. Analysts expect Alliant Energy to post earnings of $0.71 per share for the quarter. Alliant Energy has set its FY 2022 guidance at $2.670-$2.810 EPS and its FY22 guidance at $2.67-2.81 EPS.Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Alliant Energy (NASDAQ:LNTGet Rating) last announced its quarterly earnings results on Thursday, February 17th. The company reported $0.35 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.35. The company had revenue of $927.00 million during the quarter. Alliant Energy had a return on equity of 11.44% and a net margin of 18.37%. During the same period last year, the firm earned $0.24 earnings per share. On average, analysts expect Alliant Energy to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Shares of NASDAQ LNT opened at $65.11 on Thursday. The company has a market capitalization of $16.33 billion, a price-to-earnings ratio of 24.85, a price-to-earnings-growth ratio of 3.87 and a beta of 0.44. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.52 and a quick ratio of 0.40. The business has a 50-day moving average of $60.61 and a two-hundred day moving average of $58.95. Alliant Energy has a 1 year low of $54.46 and a 1 year high of $65.37.

The company also recently announced a quarterly dividend, which will be paid on Monday, May 16th. Stockholders of record on Friday, April 29th will be issued a $0.428 dividend. This is an increase from Alliant Energy’s previous quarterly dividend of $0.43. This represents a $1.71 annualized dividend and a dividend yield of 2.63%. The ex-dividend date is Thursday, April 28th. Alliant Energy’s payout ratio is presently 65.27%.

LNT has been the subject of several research reports. Wells Fargo & Company reduced their target price on Alliant Energy from $61.00 to $60.00 and set an “equal weight” rating for the company in a report on Tuesday, February 22nd. Bank of America downgraded Alliant Energy from a “neutral” rating to an “underperform” rating and boosted their target price for the company from $57.00 to $60.00 in a report on Wednesday, January 19th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $61.50.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LNT. First Community Trust NA acquired a new position in Alliant Energy during the 4th quarter worth approximately $114,000. Titleist Asset Management LTD. acquired a new stake in shares of Alliant Energy in the 4th quarter worth approximately $242,000. MML Investors Services LLC grew its holdings in shares of Alliant Energy by 27.6% in the 4th quarter. MML Investors Services LLC now owns 5,357 shares of the company’s stock worth $329,000 after acquiring an additional 1,159 shares during the period. Squarepoint Ops LLC grew its holdings in shares of Alliant Energy by 45.7% in the 4th quarter. Squarepoint Ops LLC now owns 7,112 shares of the company’s stock worth $437,000 after acquiring an additional 2,230 shares during the period. Finally, JustInvest LLC grew its holdings in shares of Alliant Energy by 26.1% in the 4th quarter. JustInvest LLC now owns 7,107 shares of the company’s stock worth $437,000 after acquiring an additional 1,473 shares during the period. Institutional investors own 74.42% of the company’s stock.

Alliant Energy Company Profile (Get Rating)

Alliant Energy Corporation operates as a utility holding company that provides regulated electricity and natural gas services. It operates through 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.

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Earnings History for Alliant Energy (NASDAQ:LNT)

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