Alliant Energy Co. (NYSE:LNT) announced a quarterly dividend on Friday, July 12th, RTT News reports. Shareholders of record on Wednesday, July 31st will be given a dividend of 0.355 per share by the utilities provider on Thursday, August 15th. This represents a $1.42 dividend on an annualized basis and a yield of 2.82%.
Alliant Energy has increased its dividend by an average of 6.8% annually over the last three years and has increased its dividend annually for the last 13 consecutive years. Alliant Energy has a dividend payout ratio of 66.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Alliant Energy to earn $2.22 per share next year, which means the company should continue to be able to cover its $1.42 annual dividend with an expected future payout ratio of 64.0%.
LNT stock opened at $50.29 on Friday. The stock has a 50 day moving average of $49.10. The company has a market cap of $11.85 billion, a PE ratio of 26.06, a PEG ratio of 3.28 and a beta of 0.18. Alliant Energy has a fifty-two week low of $40.68 and a fifty-two week high of $50.60. The company has a quick ratio of 0.59, a current ratio of 0.73 and a debt-to-equity ratio of 1.15.
Alliant Energy (NYSE:LNT) last posted its quarterly earnings data on Thursday, May 2nd. The utilities provider reported $0.53 EPS for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.02. Alliant Energy had a net margin of 15.09% and a return on equity of 11.69%. The company had revenue of $987.20 million during the quarter, compared to the consensus estimate of $903.85 million. During the same period in the prior year, the business posted $0.52 EPS. The company’s quarterly revenue was up 7.7% on a year-over-year basis. On average, equities research analysts anticipate that Alliant Energy will post 2.15 earnings per share for the current year.
A number of equities analysts have recently commented on the stock. Argus lifted their price target on shares of Aqua America from $2.00 to $43.00 in a report on Wednesday, June 5th. They noted that the move was a valuation call. Bank of America started coverage on shares of Guangshen Railway Co. Ltd ADR Class H in a research report on Wednesday, June 26th. They set an “underperform” rating for the company. Finally, Zacks Investment Research downgraded shares of GenMark Diagnostics from a “hold” rating to a “sell” rating in a research report on Wednesday, April 24th. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Alliant Energy has an average rating of “Hold” and an average price target of $48.56.
In other Alliant Energy news, Chairman Patricia L. Kampling sold 10,000 shares of the firm’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $47.55, for a total transaction of $475,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP James H. Gallegos sold 5,000 shares of the firm’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $50.00, for a total transaction of $250,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 30,000 shares of company stock worth $1,432,800 in the last ninety days. 0.25% of the stock is currently owned by insiders.
Alliant Energy Company Profile
Alliant Energy Corporation operates as a utility holding company that provides regulated electricity and natural gas services in the Midwest region of the United States. It operates through three segments: Electric, Gas, and Other. The company, through its subsidiary, Interstate Power and Light Company (IPL), primarily generates and distributes electricity, and distributes and transports natural gas to retail customers in Iowa; sells electricity to wholesale customers in Minnesota, Illinois, and Iowa; and generates and distributes steam in Cedar Rapids, Iowa.
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