Analysts Expect Alliant Energy Co. (LNT) Will Announce Earnings of $0.38 Per Share

Analysts forecast that Alliant Energy Co. (NYSE:LNT) will announce earnings per share (EPS) of $0.38 for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have issued estimates for Alliant Energy’s earnings, with estimates ranging from $0.34 to $0.41. Alliant Energy reported earnings of $0.28 per share in the same quarter last year, which indicates a positive year over year growth rate of 35.7%. The business is expected to issue its next quarterly earnings report on Thursday, February 22nd.

According to Zacks, analysts expect that Alliant Energy will report full year earnings of $1.96 per share for the current fiscal year, with EPS estimates ranging from $1.93 to $2.02. For the next financial year, analysts anticipate that the firm will post earnings of $2.12 per share, with EPS estimates ranging from $2.10 to $2.15. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow Alliant Energy.

Alliant Energy (NYSE:LNT) last posted its quarterly earnings data on Thursday, November 2nd. The utilities provider reported $0.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.13). Alliant Energy had a return on equity of 16.50% and a net margin of 18.90%. The firm had revenue of $907.00 million during the quarter, compared to analysts’ expectations of $1.23 billion. During the same quarter in the previous year, the company posted $0.80 earnings per share. Alliant Energy’s revenue for the quarter was down 1.9% compared to the same quarter last year.

A number of equities analysts have recently issued reports on LNT shares. Zacks Investment Research cut Alliant Energy from a “hold” rating to a “sell” rating in a report on Tuesday, October 24th. Guggenheim reiterated a “hold” rating and issued a $43.00 price objective on shares of Alliant Energy in a report on Wednesday, January 3rd. Bank of America started coverage on Alliant Energy in a report on Tuesday, October 24th. They issued a “neutral” rating and a $45.00 price objective for the company. Finally, Wells Fargo & Co cut Alliant Energy from an “outperform” rating to a “market perform” rating in a report on Monday, December 18th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $42.17.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LNT. Federated Investors Inc. PA lifted its stake in shares of Alliant Energy by 8.2% in the 2nd quarter. Federated Investors Inc. PA now owns 4,288 shares of the utilities provider’s stock valued at $172,000 after acquiring an additional 326 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. lifted its stake in shares of Alliant Energy by 12.7% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 15,722 shares of the utilities provider’s stock valued at $632,000 after acquiring an additional 1,769 shares during the last quarter. Eaton Vance Management lifted its stake in shares of Alliant Energy by 33.0% in the 2nd quarter. Eaton Vance Management now owns 10,692 shares of the utilities provider’s stock valued at $429,000 after acquiring an additional 2,655 shares during the last quarter. Wells Fargo & Company MN lifted its stake in shares of Alliant Energy by 43.9% in the 2nd quarter. Wells Fargo & Company MN now owns 545,960 shares of the utilities provider’s stock valued at $21,931,000 after acquiring an additional 166,579 shares during the last quarter. Finally, Teachers Advisors LLC lifted its stake in shares of Alliant Energy by 5.4% in the 2nd quarter. Teachers Advisors LLC now owns 309,766 shares of the utilities provider’s stock valued at $12,443,000 after acquiring an additional 15,834 shares during the last quarter. 68.50% of the stock is owned by institutional investors.

Alliant Energy (LNT) traded down $0.27 on Friday, hitting $39.41. The stock had a trading volume of 2,040,877 shares, compared to its average volume of 1,448,346. Alliant Energy has a 1 year low of $36.56 and a 1 year high of $45.55. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.51 and a quick ratio of 0.36. The stock has a market cap of $9,174.19, a PE ratio of 21.19, a P/E/G ratio of 2.93 and a beta of 0.46.

Alliant Energy announced that its board has authorized a share repurchase plan on Monday, January 15th that authorizes the company to repurchase shares. This repurchase authorization authorizes the utilities provider to buy shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its stock is undervalued.

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Wednesday, January 31st will be paid a $0.335 dividend. This represents a $1.34 dividend on an annualized basis and a dividend yield of 3.40%. The ex-dividend date of this dividend is Tuesday, January 30th. This is a positive change from Alliant Energy’s previous quarterly dividend of $0.32. Alliant Energy’s payout ratio is 67.74%.

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Alliant Energy 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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