Alliant Energy (LNT) Set to Announce Earnings on Thursday

Alliant Energy (NYSE:LNT) is scheduled to be posting its quarterly earnings results after the market closes on Thursday, February 22nd. Analysts expect Alliant Energy to post earnings of $0.34 per share for the quarter.

Alliant Energy (NYSE:LNT) opened at $38.11 on Thursday. The company has a quick ratio of 0.36, a current ratio of 0.51 and a debt-to-equity ratio of 1.02. Alliant Energy has a one year low of $36.84 and a one year high of $45.55. The firm has a market capitalization of $8,810.00, a P/E ratio of 20.60, a P/E/G ratio of 3.38 and a beta of 0.35.

Alliant Energy declared that its Board of Directors has authorized a share buyback plan on Monday, January 15th that authorizes the company to repurchase outstanding shares. This repurchase authorization authorizes the utilities provider to purchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Investors 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 3.52%. This is an increase from Alliant Energy’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend is Tuesday, January 30th. Alliant Energy’s dividend payout ratio (DPR) is presently 72.43%.

A number of research analysts recently weighed in on the company. Wells Fargo & Co downgraded Alliant Energy from an “outperform” rating to a “market perform” rating in a research note on Monday, December 18th. Zacks Investment Research downgraded Alliant Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, October 24th. Bank of America began coverage on Alliant Energy in a research note on Tuesday, October 24th. They issued a “neutral” rating and a $45.00 price objective on the stock. Guggenheim reaffirmed a “hold” rating and issued a $43.00 price target on shares of Alliant Energy in a research report on Wednesday, January 3rd. Finally, UBS Group began coverage on Alliant Energy in a research report on Friday, February 2nd. They issued a “neutral” rating and a $40.00 price target on the stock. One 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. Alliant Energy currently has a consensus rating of “Hold” and an average target price of $42.80.

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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.

Earnings History for Alliant Energy (NYSE:LNT)

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