Alliant Energy Corporation (NYSE:LNT) issued an update on its FY17 earnings guidance on Thursday morning. The company provided EPS guidance of $1.89-1.97 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.01. Alliant Energy Corporation also updated its FY18 guidance to $2.04-2.18 EPS.

Alliant Energy Corporation (NYSE:LNT) last announced its quarterly 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 company had revenue of $765.30 million for 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%. Alliant Energy Corporation’s revenue was up 1.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.37 EPS.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Tuesday, October 31st will be paid a dividend of $0.315 per share. This represents a $1.26 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date of this dividend is Monday, October 30th. Alliant Energy Corporation’s payout ratio is currently 74.12%.

Several analysts have issued reports on the stock. BidaskClub upgraded shares of Alliant Energy Corporation from a sell rating to a hold rating in a research note on Monday, July 24th. Jefferies Group LLC reiterated a hold rating and issued a $43.00 target price (up from $42.00) on shares of Alliant Energy Corporation in a research note on Wednesday, August 9th. Bank of America Corporation assumed coverage on shares of Alliant Energy Corporation in a research note on Tuesday, October 24th. They issued a neutral rating and a $45.00 target price on the stock. Finally, Zacks Investment Research cut shares of Alliant Energy Corporation from a hold rating to a sell rating in a research note on Tuesday, October 24th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of $42.00.

In other news, insider Wayne A. Reschke sold 2,000 shares of the firm’s stock in a transaction on 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 legal filing with the SEC, which is available at the SEC website. Company insiders own 0.33% of the company’s stock.

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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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