Alliant Energy (NASDAQ:LNT) Issues FY 2024 Earnings Guidance

Alliant Energy (NASDAQ:LNT) updated its FY 2024 earnings guidance on Thursday. The company provided EPS guidance of 2.990-3.130 for the period, compared to the consensus EPS estimate of 3.060. The company issued revenue guidance of -. Alliant Energy also updated its FY24 guidance to $2.99-3.13 EPS.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on LNT. Wells Fargo & Company raised their target price on shares of Alliant Energy from $55.00 to $56.00 and gave the company an overweight rating in a research note on Monday, May 6th. LADENBURG THALM/SH SH reduced their target price on shares of Alliant Energy from $48.50 to $48.00 and set a neutral rating on the stock in a research note on Monday, April 29th. Barclays lifted their price objective on shares of Alliant Energy from $52.00 to $55.00 and gave the stock an equal weight rating in a research note on Thursday, July 11th. Scotiabank reduced their price objective on shares of Alliant Energy from $57.00 to $53.00 and set a sector outperform rating on the stock in a research note on Monday, April 22nd. Finally, BMO Capital Markets lifted their price objective on shares of Alliant Energy from $51.00 to $53.00 and gave the stock a market perform rating in a research note on Monday, April 15th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of Hold and an average price target of $51.63.

Alliant Energy Stock Performance

Shares of LNT opened at $57.11 on Friday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.40 and a current ratio of 0.56. Alliant Energy has a twelve month low of $45.15 and a twelve month high of $58.69. The firm’s 50 day moving average price is $52.20 and its two-hundred day moving average price is $50.29. The firm has a market cap of $14.64 billion, a P/E ratio of 20.77, a PEG ratio of 2.71 and a beta of 0.56.

Alliant Energy (NASDAQ:LNT) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.07). Alliant Energy had a net margin of 15.77% and a return on equity of 10.24%. The company had revenue of $894.00 million during the quarter, compared to the consensus estimate of $897.03 million. During the same period in the previous year, the firm posted $0.64 EPS. The business’s quarterly revenue was down 2.0% compared to the same quarter last year. On average, analysts forecast that Alliant Energy will post 3.08 EPS for the current fiscal year.

Alliant Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Wednesday, July 31st will be paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 3.36%. The ex-dividend date of this dividend is Wednesday, July 31st. Alliant Energy’s payout ratio is currently 69.82%.

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.