Alliant Energy Corporation to Post Q3 2017 Earnings of $0.86 Per Share, Jefferies Group Forecasts (LNT)
Alliant Energy Corporation (NYSE:LNT) – Equities researchers at Jefferies Group increased their Q3 2017 EPS estimates for shares of Alliant Energy Corporation in a research report issued on Monday. Jefferies Group analyst A. Crowdell now expects that the utilities provider will post earnings of $0.86 per share for the quarter, up from their previous forecast of $0.85. Jefferies Group currently has a “Hold” rating and a $42.00 target price on the stock. Jefferies Group also issued estimates for Alliant Energy Corporation’s Q4 2017 earnings at $0.30 EPS.
Alliant Energy Corporation (NYSE:LNT) last released its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $0.41 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.02. The firm had revenue of $765.30 million for the quarter, compared to analysts’ expectations of $725.92 million. Alliant Energy Corporation had a net margin of 11.85% and a return on equity of 11.43%. The business’s revenue was up 1.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.37 EPS.
Other analysts have also issued research reports about the stock. Zacks Investment Research raised shares of Alliant Energy Corporation from a “hold” rating to a “buy” rating and set a $45.00 price objective on the stock in a research report on Friday, May 19th. Barclays PLC reaffirmed an “equal weight” rating and issued a $43.00 price objective (up previously from $41.00) on shares of Alliant Energy Corporation in a research report on Thursday, June 1st. BidaskClub raised shares of Alliant Energy Corporation from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Finally, UBS AG reaffirmed a “neutral” rating and issued a $42.00 price objective (up previously from $41.00) on shares of Alliant Energy Corporation in a research report on Wednesday, May 10th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Alliant Energy Corporation presently has an average rating of “Hold” and an average price target of $42.17.
Alliant Energy Corporation (NYSE:LNT) opened at 41.28 on Tuesday. The firm has a 50-day moving average of $40.73 and a 200 day moving average of $39.67. Alliant Energy Corporation has a 12-month low of $34.88 and a 12-month high of $42.19. The company has a market capitalization of $9.40 billion, a PE ratio of 24.99 and a beta of 0.41.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Monday, July 31st will be given a $0.315 dividend. This represents a $1.26 annualized dividend and a dividend yield of 3.05%. The ex-dividend date of this dividend is Thursday, July 27th. Alliant Energy Corporation’s dividend payout ratio (DPR) is currently 74.12%.
In other Alliant Energy Corporation news, Director Deborah B. Dunie purchased 3,700 shares of the stock in a transaction dated Friday, May 19th. The shares were bought at an average price of $39.61 per share, with a total value of $146,557.00. Following the completion of the transaction, the director now directly owns 11,050 shares in the company, valued at approximately $437,690.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP James H. Gallegos sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 23rd. The shares were sold at an average price of $41.25, for a total transaction of $206,250.00. The disclosure for this sale can be found here. Insiders own 0.33% of the company’s stock.
Several hedge funds have recently bought and sold shares of LNT. Mosaic Family Wealth LLC raised its stake in Alliant Energy Corporation by 0.8% in the first quarter. Mosaic Family Wealth LLC now owns 3,212 shares of the utilities provider’s stock valued at $127,000 after buying an additional 27 shares during the period. Huntington National Bank raised its stake in Alliant Energy Corporation by 229.2% in the second quarter. Huntington National Bank now owns 3,292 shares of the utilities provider’s stock valued at $133,000 after buying an additional 2,292 shares during the period. Pacer Advisors Inc. raised its stake in Alliant Energy Corporation by 3.2% in the first quarter. Pacer Advisors Inc. now owns 4,281 shares of the utilities provider’s stock valued at $170,000 after buying an additional 132 shares during the period. Federated Investors Inc. PA raised its stake in Alliant Energy Corporation by 8.2% in the second quarter. Federated Investors Inc. PA now owns 4,288 shares of the utilities provider’s stock valued at $172,000 after buying an additional 326 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its stake in Alliant Energy Corporation by 35.0% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 4,642 shares of the utilities provider’s stock valued at $183,000 after buying an additional 1,203 shares during the period. 67.68% of the stock is currently owned by institutional investors.
Alliant Energy Corporation Company Profile
Alliant Energy Corporation operates as a regulated investor-owned public utility holding company. The Company’s segments include Utility and Non-regulated, Parent and Other. The Utility segment includes the operations of Interstate Power and Light Company (IPL) and Wisconsin Power and Light Company (WPL), which serve retail customers in Iowa and Wisconsin.
Receive News & Ratings for Alliant Energy Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alliant Energy Corporation and related companies with MarketBeat.com's FREE daily email newsletter.