Alliant Energy (NASDAQ:LNT) Updates FY25 Earnings Guidance

Alliant Energy (NASDAQ:LNT) issued an update on its FY25 earnings guidance on Thursday morning. The company provided earnings per share guidance of $3.15-3.25 for the period, compared to the consensus earnings per share estimate of $3.25. Alliant Energy also updated its FY 2024 guidance to 2.990-3.060 EPS.

Alliant Energy Price Performance

Shares of LNT traded up $0.72 during midday trading on Thursday, reaching $60.00. The stock had a trading volume of 3,108,115 shares, compared to its average volume of 1,589,523. Alliant Energy has a 52 week low of $46.80 and a 52 week high of $62.49. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.65 and a quick ratio of 0.48. The firm’s 50 day moving average price is $59.89 and its 200-day moving average price is $54.94. The company has a market capitalization of $15.39 billion, a P/E ratio of 24.49, a P/E/G ratio of 2.91 and a beta of 0.58.

Alliant Energy (NASDAQ:LNT) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.07). The firm had revenue of $894.00 million during the quarter, compared to the consensus estimate of $897.03 million. Alliant Energy had a return on equity of 10.23% and a net margin of 15.77%. The firm’s quarterly revenue was down 2.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.64 EPS. On average, analysts forecast that Alliant Energy will post 3.06 earnings per share for the current fiscal year.

Alliant Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date of this dividend is Thursday, October 31st. Alliant Energy’s payout ratio is 78.37%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Wells Fargo & Company lifted their target price on Alliant Energy from $62.00 to $66.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Mizuho lifted their target price on Alliant Energy from $52.00 to $61.00 and gave the stock a “neutral” rating in a report on Friday, October 4th. Jefferies Financial Group started coverage on Alliant Energy in a report on Thursday, September 19th. They set a “hold” rating and a $67.00 price target on the stock. UBS Group lifted their price target on Alliant Energy from $64.00 to $65.00 and gave the company a “neutral” rating in a report on Friday, September 20th. Finally, BMO Capital Markets lifted their price target on Alliant Energy from $58.00 to $60.00 and gave the company a “market perform” rating in a report on Tuesday, August 6th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $63.28.

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.