Alliant Energy Corp. (LNT) Plans Quarterly Dividend of $0.47
Alliant Energy Corp. (NYSE:LNT) declared a quarterly dividend on Tuesday, October 1st, Analyst Ratings Network.com reports. Stockholders of record on Thursday, October 31st will be given a dividend of $0.47 per share on Friday, November 15th. This represents a $1.88 dividend on an annualized basis and a yield of 3.79%.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “hold” rating on shares of Alliant Energy Corp. (NYSE:LNT) in a research note to investors on Monday, September 9th. They now have a $57.00 price target on the stock. On a related note, analysts at Macquarie raised their price target on shares of Alliant Energy Corp. (NYSE:LNT) from $53.00 to $54.00 in a research note to investors on Monday, September 9th. They now have an “outperform” rating on the stock. Finally, analysts at Barclays Capital reiterated an “overweight” rating on shares of Alliant Energy Corp. (NYSE:LNT) in a research note to investors on Monday, August 5th. They now have a $55.00 price target on the stock. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Alliant Energy Corp. currently has a consensus rating of “Buy” and an average price target of $53.14.
Alliant Energy Corp. (NYSE:LNT) traded up 1.09% during mid-day trading on Tuesday, hitting $50.09. 391,558 shares of the company’s stock traded hands. Alliant Energy Corp. has a 52-week low of $42.21 and a 52-week high of $54.18. The stock’s 50-day moving average is $49.97 and its 200-day moving average is $50.82. The company has a market cap of $5.557 billion and a price-to-earnings ratio of 15.55.
Alliant Energy Corp. (NYSE:LNT) last announced its earnings results on Friday, August 2nd. The company reported $0.59 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.52 by $0.07. The company had revenue of $718.00 million for the quarter, compared to the consensus estimate of $683.06 million. During the same quarter last year, the company posted $0.58 earnings per share. Alliant Energy Corp.’s revenue was up 4.0% compared to the same quarter last year. On average, analysts predict that Alliant Energy Corp. will post $3.13 earnings per share for the current fiscal year.
Alliant Energy Corporation (NYSE:LNT) operates as a regulated investor-owned public utility holding company.
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