Analysts Expect Alliant Energy Corporation (LNT) Will Announce Earnings of $0.86 Per Share
Brokerages expect Alliant Energy Corporation (NYSE:LNT) to report $0.86 earnings per share for the current fiscal quarter, according to Zacks. Zero analysts have made estimates for Alliant Energy Corporation’s earnings. The highest EPS estimate is $0.86 and the lowest is $0.85. Alliant Energy Corporation posted earnings of $0.80 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 7.5%. The firm is scheduled to issue its next earnings report on Thursday, November 2nd.
On average, analysts expect that Alliant Energy Corporation will report full-year earnings of $2.00 per share for the current financial year, with EPS estimates ranging from $2.00 to $2.01. For the next year, analysts expect that the business will post earnings of $2.13 per share, with EPS estimates ranging from $2.10 to $2.16. Zacks’ EPS averages are an average based on a survey of research firms that that provide coverage for Alliant Energy Corporation.
Alliant Energy Corporation (NYSE:LNT) last issued its earnings results on Thursday, August 3rd. The utilities provider reported $0.41 EPS for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.02. The business had revenue of $765.30 million during the quarter, compared to analysts’ expectations of $725.92 million. Alliant Energy Corporation had a net margin of 11.85% and a return on equity of 11.43%. The company’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.37 earnings per share.
Several research analysts recently weighed in on LNT shares. BidaskClub raised shares of Alliant Energy Corporation from a “hold” rating to a “buy” rating in a research note on Saturday, August 19th. Barclays PLC reissued an “equal weight” rating and issued a $43.00 target price (up previously from $41.00) on shares of Alliant Energy Corporation in a research note on Thursday, June 1st. Jefferies Group LLC started coverage on shares of Alliant Energy Corporation in a research note on Friday, May 26th. They issued a “hold” rating and a $42.00 target price for the company. Finally, Zacks Investment Research raised shares of Alliant Energy Corporation from a “hold” rating to a “buy” rating and set a $46.00 target price for the company in a research note on Thursday, June 29th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $42.20.
Shares of Alliant Energy Corporation (NYSE LNT) opened at 42.91 on Friday. The firm has a market capitalization of $9.91 billion, a PE ratio of 25.33 and a beta of 0.42. The stock has a 50 day moving average of $42.12 and a 200-day moving average of $40.65. Alliant Energy Corporation has a 12 month low of $34.88 and a 12 month high of $43.69.
In other news, insider Wayne A. Reschke sold 2,000 shares of the company’s stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $42.83, for a total transaction of $85,660.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.33% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Griffin Asset Management Inc. acquired a new stake in Alliant Energy Corporation during the 2nd quarter worth approximately $1,607,000. Lord Abbett & CO. LLC increased its position in Alliant Energy Corporation by 133.7% during the 2nd quarter. Lord Abbett & CO. LLC now owns 505,600 shares of the utilities provider’s stock worth $20,310,000 after purchasing an additional 289,300 shares in the last quarter. Toronto Dominion Bank increased its position in Alliant Energy Corporation by 25.6% during the 2nd quarter. Toronto Dominion Bank now owns 77,176 shares of the utilities provider’s stock worth $3,100,000 after purchasing an additional 15,734 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in Alliant Energy Corporation during the 2nd quarter worth approximately $586,000. Finally, WINTON GROUP Ltd increased its position in Alliant Energy Corporation by 40.6% during the 2nd quarter. WINTON GROUP Ltd now owns 76,931 shares of the utilities provider’s stock worth $3,090,000 after purchasing an additional 22,201 shares in the last quarter. 67.09% of the stock is owned by hedge funds and other institutional investors.
About Alliant Energy Corporation
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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