Alliant Energy (NYSE:LNT) updated its FY19 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $2.17-2.31 for the period, compared to the Thomson Reuters consensus estimate of $2.25. Alliant Energy also updated its FY18 guidance to $2.13-2.19 EPS.
Several analysts have recently issued reports on the company. ValuEngine upgraded Alliant Energy from a hold rating to a buy rating in a research note on Thursday, October 11th. Zacks Investment Research upgraded Alliant Energy from a hold rating to a buy rating and set a $48.00 price objective on the stock in a research note on Monday, July 23rd. Wolfe Research cut Alliant Energy from a peer perform rating to an underperform rating in a research note on Monday, August 13th. Howard Weil assumed coverage on Alliant Energy in a research note on Tuesday, July 24th. They issued a sector perform rating and a $44.00 price objective on the stock. Finally, Mizuho assumed coverage on Alliant Energy in a research note on Monday, October 8th. They issued a neutral rating and a $44.00 price objective on the stock. One research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. The company has an average rating of Hold and a consensus price target of $45.17.
Alliant Energy stock traded up $0.41 during midday trading on Tuesday, reaching $43.36. The company’s stock had a trading volume of 1,331,009 shares, compared to its average volume of 1,625,775. Alliant Energy has a fifty-two week low of $36.84 and a fifty-two week high of $45.55. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.64 and a quick ratio of 0.48. The stock has a market cap of $9.93 billion, a PE ratio of 22.47, a P/E/G ratio of 3.67 and a beta of 0.16.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 15th. Shareholders of record on Wednesday, October 31st will be paid a $0.335 dividend. This represents a $1.34 dividend on an annualized basis and a yield of 3.09%. The ex-dividend date of this dividend is Tuesday, October 30th. Alliant Energy’s dividend payout ratio is presently 69.43%.
In other Alliant Energy news, Director Deborah B. Dunie purchased 1,250 shares of the business’s stock in a transaction on Thursday, September 13th. The shares were bought at an average cost of $43.80 per share, for a total transaction of $54,750.00. Following the completion of the purchase, the director now directly owns 12,300 shares in the company, valued at $538,740. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.25% of the stock is owned by company insiders.
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Alliant Energy Company Profile
Alliant Energy Corporation operates as a utility holding company that provides regulated electricity and natural gas services in the Midwest region of the United States. It operates through three segments: Electric, Gas, and 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.
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