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 EPS guidance of 3.150-3.250 for the period, compared to the consensus EPS 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 Trading Up 1.2 %

Shares of NASDAQ:LNT traded up $0.72 on Thursday, hitting $60.00. The company had a trading volume of 3,108,115 shares, compared to its average volume of 1,589,523. The firm’s 50-day simple moving average is $59.85 and its two-hundred day simple moving average is $54.90. The firm has a market capitalization of $15.39 billion, a price-to-earnings ratio of 24.58, a P/E/G ratio of 2.91 and a beta of 0.58. The company has a quick ratio of 0.48, a current ratio of 0.65 and a debt-to-equity ratio of 1.31. Alliant Energy has a 1 year low of $46.80 and a 1 year high of $62.49.

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

Alliant Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be paid 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 is Thursday, October 31st. Alliant Energy’s payout ratio is presently 78.37%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Mizuho raised their price objective on Alliant Energy from $52.00 to $61.00 and gave the company a “neutral” rating in a research report on Friday, October 4th. Barclays raised their target price on shares of Alliant Energy from $55.00 to $61.00 and gave the company an “equal weight” rating in a research note on Monday, October 14th. BMO Capital Markets boosted 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. Bank of America raised their price objective on Alliant Energy from $62.00 to $63.00 and gave the company a “buy” rating in a research report on Thursday, August 29th. Finally, UBS Group boosted their target price on Alliant Energy from $64.00 to $65.00 and gave the stock a “neutral” rating in a report on Friday, September 20th. 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, the stock has a consensus rating of “Hold” and a consensus price target 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.