Alliant Energy Corporation (NYSE:LNT) – Research analysts at Gabelli issued their FY2019 earnings per share estimates for Alliant Energy Corporation in a note issued to investors on Wednesday. Gabelli analyst T. Winter forecasts that the utilities provider will post earnings per share of $2.20 for the year.

Alliant Energy Corporation (NYSE:LNT) last posted its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.02. Alliant Energy Corporation had a net margin of 11.85% and a return on equity of 11.43%. The company had revenue of $765.30 million for the quarter, compared to analyst estimates of $725.92 million. During the same quarter last year, the firm posted $0.37 earnings per share. The business’s quarterly revenue was up 1.4% on a year-over-year basis.

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Other research analysts have also issued reports about the company. Zacks Investment Research upgraded Alliant Energy Corporation from a “hold” rating to a “buy” rating and set a $45.00 price target for the company in a report on Friday, May 19th. Barclays PLC reiterated an “equal weight” rating and set a $43.00 price target (up from $41.00) on shares of Alliant Energy Corporation in a report on Thursday, June 1st. Jefferies Group LLC reiterated a “hold” rating and set a $43.00 price target (up from $42.00) on shares of Alliant Energy Corporation in a report on Wednesday. BidaskClub upgraded Alliant Energy Corporation from a “sell” rating to a “hold” rating in a report on Monday, July 24th. Finally, UBS AG reiterated a “neutral” rating and set a $42.00 price target (up from $41.00) on shares of Alliant Energy Corporation in a report on Wednesday, May 10th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $42.33.

Alliant Energy Corporation (NYSE:LNT) traded up 0.277% during mid-day trading on Thursday, hitting $41.625. 425,880 shares of the stock were exchanged. The company has a market cap of $9.62 billion, a P/E ratio of 24.572 and a beta of 0.41. The company has a 50-day moving average price of $40.64 and a 200-day moving average price of $39.80. Alliant Energy Corporation has a one year low of $34.88 and a one year high of $42.19.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Mosaic Family Wealth LLC raised its position in shares of Alliant Energy Corporation by 0.8% in the second quarter. Mosaic Family Wealth LLC now owns 3,237 shares of the utilities provider’s stock worth $130,000 after buying an additional 25 shares during the last quarter. Lincoln National Corp raised its position in shares of Alliant Energy Corporation by 0.7% in the first quarter. Lincoln National Corp now owns 6,636 shares of the utilities provider’s stock worth $263,000 after buying an additional 47 shares during the last quarter. Ffcm LLC raised its position in shares of Alliant Energy Corporation by 0.8% in the first quarter. Ffcm LLC now owns 9,400 shares of the utilities provider’s stock worth $373,000 after buying an additional 70 shares during the last quarter. CIBC Asset Management Inc raised its position in shares of Alliant Energy Corporation by 0.4% in the second quarter. CIBC Asset Management Inc now owns 21,990 shares of the utilities provider’s stock worth $883,000 after buying an additional 80 shares during the last quarter. Finally, IFP Advisors Inc raised its position in shares of Alliant Energy Corporation by 0.5% in the first quarter. IFP Advisors Inc now owns 17,508 shares of the utilities provider’s stock worth $693,000 after buying an additional 95 shares during the last quarter. Institutional investors and hedge funds own 67.68% of the company’s stock.

In other news, SVP James H. Gallegos sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 23rd. The stock was sold at an average price of $41.25, for a total transaction of $206,250.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Deborah B. Dunie bought 3,700 shares of the business’s stock in a transaction that occurred on Friday, May 19th. The stock was purchased at an average price of $39.61 per share, with a total value of $146,557.00. Following the completion of the purchase, the director now directly owns 11,050 shares of the company’s stock, valued at approximately $437,690.50. The disclosure for this purchase can be found here. 0.33% of the stock is owned by insiders.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Monday, July 31st will be issued a dividend of $0.315 per share. The ex-dividend date is Thursday, July 27th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 3.04%. Alliant Energy Corporation’s dividend payout ratio (DPR) is presently 74.12%.

Alliant Energy Corporation Company Profile

Alliant Energy Corporation operates as a regulated investor-owned public utility holding company. The Company’s segments include Utility and Non-regulated, Parent and Other. The Utility segment includes the operations of Interstate Power and Light Company (IPL) and Wisconsin Power and Light Company (WPL), which serve retail customers in Iowa and Wisconsin.

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