Alliant Energy (NASDAQ:LNT) Posts Quarterly Earnings Results, Misses Estimates By $0.05 EPS

Alliant Energy (NASDAQ:LNT) posted its earnings results on Thursday. The company reported $1.12 EPS for the quarter, missing the consensus estimate of $1.17 by ($0.05), Briefing.com reports. Alliant Energy had a net margin of 20.07% and a return on equity of 12.25%. The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same period in the previous year, the company posted $1.15 EPS. Alliant Energy’s revenue for the quarter was up 11.9% compared to the same quarter last year. Alliant Energy updated its FY 2025 guidance to 3.170-3.23 EPS.

Alliant Energy Stock Up 1.0%

LNT traded up $0.64 during midday trading on Friday, reaching $67.38. 2,304,941 shares of the company were exchanged, compared to its average volume of 1,982,204. The company’s fifty day moving average price is $66.38 and its 200 day moving average price is $63.90. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.46 and a current ratio of 0.57. Alliant Energy has a one year low of $56.20 and a one year high of $69.75. The company has a market cap of $17.31 billion, a price-to-earnings ratio of 20.85, a price-to-earnings-growth ratio of 3.20 and a beta of 0.57.

Alliant Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Investors of record on Friday, October 31st will be given a $0.5075 dividend. The ex-dividend date of this dividend is Friday, October 31st. This represents a $2.03 annualized dividend and a yield of 3.0%. Alliant Energy’s dividend payout ratio (DPR) is presently 62.65%.

Institutional Investors Weigh In On Alliant Energy

Large investors have recently added to or reduced their stakes in the company. MUFG Securities EMEA plc bought a new position in shares of Alliant Energy in the 2nd quarter worth $46,000. Geneos Wealth Management Inc. grew its position in Alliant Energy by 23.5% in the first quarter. Geneos Wealth Management Inc. now owns 1,256 shares of the company’s stock worth $81,000 after acquiring an additional 239 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in Alliant Energy by 220.4% in the second quarter. EverSource Wealth Advisors LLC now owns 1,583 shares of the company’s stock valued at $96,000 after acquiring an additional 1,089 shares during the last quarter. Brown Advisory Inc. raised its position in Alliant Energy by 7.0% during the second quarter. Brown Advisory Inc. now owns 4,261 shares of the company’s stock valued at $258,000 after purchasing an additional 278 shares in the last quarter. Finally, Financial Advisors Network Inc. lifted its stake in Alliant Energy by 13.9% during the second quarter. Financial Advisors Network Inc. now owns 5,395 shares of the company’s stock worth $326,000 after purchasing an additional 658 shares during the last quarter. Hedge funds and other institutional investors own 79.90% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on LNT shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of Alliant Energy in a research report on Wednesday, October 8th. Bank of America boosted their price target on Alliant Energy from $70.00 to $74.00 and gave the stock a “buy” rating in a report on Friday, October 17th. BMO Capital Markets raised their price objective on Alliant Energy from $68.00 to $71.00 and gave the company a “market perform” rating in a research note on Friday, October 17th. UBS Group raised shares of Alliant Energy from a “neutral” rating to a “buy” rating and increased their target price for the stock from $74.00 to $79.00 in a report on Friday, October 24th. Finally, Barclays set a $65.00 target price on shares of Alliant Energy and gave the stock an “underweight” rating in a research note on Tuesday, October 14th. Five equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Alliant Energy presently has a consensus rating of “Hold” and an average target price of $69.00.

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.