Alliant Energy Corporation (LNT) Issues FY18 Earnings Guidance
Alliant Energy Corporation (NYSE:LNT) updated its FY18 earnings guidance on Thursday. The company provided EPS guidance of $2.04-2.18 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.13. Alliant Energy Corporation also updated its FY17 guidance to $1.89-1.97 EPS.
LNT has been the topic of several research reports. Zacks Investment Research lowered Alliant Energy Corporation from a hold rating to a sell rating in a research report on Tuesday, October 24th. Bank of America Corporation initiated coverage on Alliant Energy Corporation in a research report on Tuesday, October 24th. They issued a neutral rating and a $45.00 target price on the stock. BidaskClub raised Alliant Energy Corporation from a hold rating to a buy rating in a research report on Saturday, August 19th. Finally, Jefferies Group LLC reaffirmed a hold rating and issued a $43.00 target price (up from $42.00) on shares of Alliant Energy Corporation in a research report on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of $42.00.
Alliant Energy Corporation (NYSE:LNT) last posted its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $765.30 million during the quarter, compared to analyst estimates of $725.92 million. During the same period in the prior year, the business posted $0.37 earnings per share. The company’s revenue was up 1.4% on a year-over-year basis.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Tuesday, October 31st will be paid a dividend of $0.315 per share. This represents a $1.26 annualized dividend and a dividend yield of 2.91%. The ex-dividend date is Monday, October 30th. Alliant Energy Corporation’s dividend payout ratio (DPR) is 74.12%.
In related news, insider Wayne A. Reschke sold 2,000 shares of the stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $42.83, for a total value of $85,660.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.33% of the company’s stock.
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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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