Alliant Energy Co. (LNT) To Go Ex-Dividend on April 29th

Alliant Energy Co. (NASDAQ:LNT) declared a quarterly dividend on Monday, April 15th, RTT News reports. Investors of record on Tuesday, April 30th will be paid a dividend of 0.48 per share on Wednesday, May 15th. This represents a $1.92 annualized dividend and a dividend yield of 3.87%. The ex-dividend date of this dividend is Monday, April 29th.

Alliant Energy has increased its dividend by an average of 6.0% annually over the last three years and has raised its dividend every year for the last 21 years. Alliant Energy has a payout ratio of 58.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Alliant Energy to earn $3.26 per share next year, which means the company should continue to be able to cover its $1.92 annual dividend with an expected future payout ratio of 58.9%.

Alliant Energy Stock Down 1.3 %

Shares of Alliant Energy stock opened at $49.59 on Friday. Alliant Energy has a 1 year low of $45.15 and a 1 year high of $56.26. The company has a 50-day moving average of $48.90 and a 200 day moving average of $49.54. The firm has a market cap of $12.70 billion, a price-to-earnings ratio of 17.84, a PEG ratio of 2.68 and a beta of 0.55. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.55 and a quick ratio of 0.40.

Alliant Energy (NASDAQ:LNT) last announced its quarterly earnings results on Friday, February 16th. The company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.07). Alliant Energy had a return on equity of 10.85% and a net margin of 17.46%. The company had revenue of $961.00 million during the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter in the prior year, the firm earned $0.46 earnings per share. As a group, sell-side analysts anticipate that Alliant Energy will post 3.07 earnings per share for the current fiscal year.

Insider Transactions at Alliant Energy

In other Alliant Energy news, CEO Lisa M. Barton purchased 1,100 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The shares were bought at an average price of $48.56 per share, with a total value of $53,416.00. Following the completion of the purchase, the chief executive officer now directly owns 36,444 shares in the company, valued at $1,769,720.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.31% of the company’s stock.

Analyst Ratings Changes

LNT has been the topic of several analyst reports. Barclays reaffirmed an “equal weight” rating and set a $53.00 price target (up previously from $50.00) on shares of Alliant Energy in a report on Tuesday, January 2nd. BMO Capital Markets lifted their price target on shares of Alliant Energy from $51.00 to $53.00 and gave the company a “market perform” rating in a report on Monday, April 15th. Scotiabank lowered their target price on shares of Alliant Energy from $57.00 to $53.00 and set a “sector outperform” rating on the stock in a report on Monday, April 22nd. Finally, Bank of America lowered their target price on shares of Alliant Energy from $55.00 to $54.00 and set a “buy” rating on the stock in a report on Thursday, April 11th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $51.36.

Alliant Energy Company Profile

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.