Alliant Energy (NASDAQ:LNT) Announces Quarterly Earnings Results

Alliant Energy (NASDAQ:LNT) announced its quarterly earnings results on Thursday. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.68 by $0.02, Zacks reports. The firm had revenue of $976.00 million during the quarter, compared to the consensus estimate of $1.14 billion. Alliant Energy had a net margin of 16.66% and a return on equity of 10.56%. Alliant Energy updated its FY 2025 guidance to 3.150-3.250 EPS.

Alliant Energy Stock Up 1.4 %

LNT traded up $0.89 during trading on Friday, reaching $62.51. The stock had a trading volume of 533,057 shares, compared to its average volume of 1,527,250. Alliant Energy has a one year low of $46.80 and a one year high of $64.19. The company has a market capitalization of $16.04 billion, a price-to-earnings ratio of 24.20, a P/E/G ratio of 2.83 and a beta of 0.60. The company has a current ratio of 0.86, a quick ratio of 0.72 and a debt-to-equity ratio of 1.33. The stock’s 50 day moving average is $59.39 and its two-hundred day moving average is $59.60.

Alliant Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Friday, January 31st were paid a $0.5075 dividend. This represents a $2.03 annualized dividend and a yield of 3.25%. This is a boost from Alliant Energy’s previous quarterly dividend of $0.48. The ex-dividend date was Friday, January 31st. Alliant Energy’s dividend payout ratio is presently 78.68%.

Analysts Set New Price Targets

LNT has been the subject of several research analyst reports. Barclays dropped their price objective on Alliant Energy from $61.00 to $59.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 6th. Wells Fargo & Company dropped their price target on Alliant Energy from $66.00 to $65.00 and set an “overweight” rating for the company in a research note on Monday, November 4th. Scotiabank downgraded shares of Alliant Energy from a “sector outperform” rating to a “sector perform” rating and boosted their price target for the stock from $64.00 to $67.00 in a research note on Thursday, December 12th. Finally, BMO Capital Markets lowered their price objective on Alliant Energy from $65.00 to $61.00 and set a “market perform” rating for the company in a research report on Monday, November 4th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $63.39.

About Alliant Energy

Alliant Energy Corporation operates as a utility holding company that provides regulated electricity and natural gas services in the United States. It operates in three segments: Utility Electric Operations, Utility Gas Operations, and Utility 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.