Alliant Energy (LNT) Projected to Post Quarterly Earnings on Thursday

Alliant Energy (NASDAQ:LNT) is expected to be announcing its earnings results after the market closes on Thursday, February 20th. Analysts expect the company to announce earnings of $0.68 per share and revenue of $1.14 billion for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Alliant Energy Stock Up 0.6 %

Shares of LNT opened at $61.67 on Wednesday. The firm has a market cap of $15.82 billion, a P/E ratio of 23.90, a P/E/G ratio of 2.73 and a beta of 0.60. The stock has a 50 day simple moving average of $59.34 and a two-hundred day simple moving average of $59.57. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.86 and a quick ratio of 0.72. Alliant Energy has a 1 year low of $46.80 and a 1 year high of $64.19.

Alliant Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Friday, January 31st were paid a dividend of $0.5075 per share. This represents a $2.03 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date was Friday, January 31st. This is a positive change from Alliant Energy’s previous quarterly dividend of $0.48. Alliant Energy’s dividend payout ratio is 78.68%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on LNT shares. Scotiabank lowered Alliant Energy from a “sector outperform” rating to a “sector perform” rating and increased their price objective for the company from $64.00 to $67.00 in a research note on Thursday, December 12th. BMO Capital Markets decreased their target price on Alliant Energy from $65.00 to $61.00 and set a “market perform” rating for the company in a report on Monday, November 4th. Barclays decreased their target price on Alliant Energy from $61.00 to $59.00 and set an “equal weight” rating for the company in a report on Wednesday, November 6th. Finally, Wells Fargo & Company decreased their target price on Alliant Energy from $66.00 to $65.00 and set an “overweight” rating for the company in a report on Monday, November 4th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $63.39.

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.