Alliant Energy (NASDAQ:LNT) Issues FY 2025 Earnings Guidance

Alliant Energy (NASDAQ:LNT) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided earnings per share guidance of 3.150-3.250 for the period, compared to the consensus earnings per share estimate of 3.260. The company issued revenue guidance of -. Alliant Energy also updated its FY 2024 guidance to 2.990-3.060 EPS.

Alliant Energy Stock Performance

Shares of LNT stock traded down $2.26 during trading hours on Friday, reaching $57.74. The company had a trading volume of 3,222,744 shares, compared to its average volume of 1,392,841. The firm has a market cap of $14.81 billion, a PE ratio of 22.38, a price-to-earnings-growth ratio of 2.88 and a beta of 0.58. The business has a fifty day moving average price of $59.89 and a 200-day moving average price of $55.10. Alliant Energy has a one year low of $46.80 and a one year high of $62.49. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.48 and a current ratio of 0.65.

Alliant Energy (NASDAQ:LNT) last announced its earnings results on Thursday, October 31st. The company reported $1.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.05. The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.08 billion. Alliant Energy had a net margin of 16.66% and a return on equity of 10.62%. The company’s quarterly revenue was up .4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.05 EPS. Sell-side analysts predict that Alliant Energy will post 3.05 earnings per share for the current fiscal year.

Alliant Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be paid a dividend of $0.48 per share. The ex-dividend date is Thursday, October 31st. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.33%. Alliant Energy’s dividend payout ratio is currently 74.42%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on LNT. LADENBURG THALM/SH SH raised shares of Alliant Energy from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $50.00 to $62.50 in a report on Tuesday, August 13th. Mizuho boosted their price objective on shares of Alliant Energy from $52.00 to $61.00 and gave the company a “neutral” rating in a research report on Friday, October 4th. Bank of America lifted their target price on Alliant Energy from $62.00 to $63.00 and gave the company a “buy” rating in a research report on Thursday, August 29th. BMO Capital Markets upped their price target on Alliant Energy from $58.00 to $60.00 and gave the stock a “market perform” rating in a research report on Tuesday, August 6th. Finally, Wells Fargo & Company raised their price objective on Alliant Energy from $62.00 to $66.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company 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.