Alliant Energy (NASDAQ:LNT) Issues Earnings Results, Beats Expectations By $0.07 EPS

Alliant Energy (NASDAQ:LNT) released its quarterly earnings results on Thursday. The company reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.07, Zacks reports. Alliant Energy had a net margin of 18.58% and a return on equity of 11.37%. The firm’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.68 EPS. Alliant Energy updated its FY 2026 guidance to 3.360-3.460 EPS.

Alliant Energy Price Performance

LNT traded down $1.11 during trading on Thursday, reaching $70.89. The company’s stock had a trading volume of 3,165,435 shares, compared to its average volume of 2,485,895. The company has a quick ratio of 0.53, a current ratio of 0.69 and a debt-to-equity ratio of 1.48. The firm has a fifty day simple moving average of $74.20 and a two-hundred day simple moving average of $71.78. Alliant Energy has a 1 year low of $63.28 and a 1 year high of $78.81. The company has a market cap of $18.31 billion, a price-to-earnings ratio of 22.22, a PEG ratio of 2.74 and a beta of 0.55.

Alliant Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 17th. Shareholders of record on Friday, July 31st will be issued a $0.535 dividend. The ex-dividend date is Friday, July 31st. This represents a $2.14 dividend on an annualized basis and a yield of 3.0%. Alliant Energy’s dividend payout ratio is presently 67.08%.

Institutional Investors Weigh In On Alliant Energy

Several hedge funds and other institutional investors have recently made changes to their positions in LNT. Measured Wealth Private Client Group LLC acquired a new position in Alliant Energy during the third quarter worth $27,000. Caitong International Asset Management Co. Ltd raised its holdings in shares of Alliant Energy by 235.4% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 634 shares of the company’s stock worth $41,000 after acquiring an additional 445 shares during the period. MUFG Securities EMEA plc purchased a new position in shares of Alliant Energy during the 2nd quarter worth $46,000. Quantbot Technologies LP acquired a new position in shares of Alliant Energy during the 3rd quarter valued at about $54,000. Finally, Brown Brothers Harriman & Co. boosted its position in shares of Alliant Energy by 58.3% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 850 shares of the company’s stock valued at $57,000 after acquiring an additional 313 shares during the last quarter. Institutional investors and hedge funds own 79.90% of the company’s stock.

Analysts Set New Price Targets

LNT has been the subject of several research analyst reports. Weiss Ratings downgraded shares of Alliant Energy from a “buy (b+)” rating to a “buy (b)” rating in a research report on Tuesday. Mizuho set a $76.00 price objective on Alliant Energy in a report on Monday, May 4th. Wall Street Zen cut Alliant Energy from a “sell” rating to a “strong sell” rating in a report on Saturday, July 18th. Barclays set a $74.00 target price on Alliant Energy and gave the company an “equal weight” rating in a research report on Wednesday, April 15th. Finally, BMO Capital Markets dropped their price target on Alliant Energy from $83.00 to $80.00 and set an “outperform” rating for the company in a research report on Wednesday, July 22nd. Nine research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $77.09.

About Alliant Energy

Alliant Energy Corporation (NASDAQ: LNT) is a publicly traded energy holding company headquartered in Madison, Wisconsin, that provides regulated electric and natural gas utility services in the American Midwest. The company serves customers primarily in Wisconsin and Iowa through its regulated utility subsidiaries and operates as an integrated provider responsible for generation, transmission and distribution of energy to residential, commercial and industrial customers.

Alliant Energy’s core activities include operating and maintaining electric generation assets, managing the regional transmission and distribution network, and delivering natural gas service to its franchise territories.