Analysts predict that Alliant Energy Co. (NYSE:LNT) will post earnings of $0.38 per share for the current quarter, according to Zacks Investment Research. Zero analysts have made estimates for Alliant Energy’s earnings, with estimates ranging from $0.34 to $0.41. Alliant Energy posted earnings of $0.28 per share during the same quarter last year, which would suggest a positive year over year growth rate of 35.7%. The firm is expected to report its next quarterly earnings results after the market closes on Thursday, February 22nd.

On average, analysts expect that Alliant Energy will report full-year earnings of $1.95 per share for the current financial year, with EPS estimates ranging from $1.93 to $1.97. For the next financial year, analysts forecast that the company will report earnings of $2.12 per share, with EPS estimates ranging from $2.10 to $2.15. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that follow Alliant Energy.

A number of equities analysts recently issued reports on LNT shares. Guggenheim reaffirmed a “hold” rating and issued a $43.00 price target on shares of Alliant Energy in a report on Wednesday, January 3rd. Wells Fargo & Co downgraded Alliant Energy from an “outperform” rating to a “market perform” rating in a report on Monday, December 18th. Zacks Investment Research downgraded Alliant Energy from a “hold” rating to a “sell” rating in a report on Tuesday, October 24th. UBS Group started coverage on Alliant Energy in a report on Friday, February 2nd. They issued a “neutral” rating and a $40.00 price target for the company. Finally, Bank of America started coverage on Alliant Energy in a report on Tuesday, October 24th. They issued a “neutral” rating and a $45.00 price target for the company. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company’s stock. Alliant Energy has an average rating of “Hold” and an average price target of $42.80.

Hedge funds and other institutional investors have recently modified their holdings of the business. Field & Main Bank purchased a new stake in Alliant Energy in the fourth quarter valued at approximately $169,000. Kohmann Bosshard Financial Services LLC purchased a new stake in Alliant Energy in the third quarter valued at approximately $187,000. Csenge Advisory Group purchased a new stake in Alliant Energy in the third quarter valued at approximately $207,000. Linscomb & Williams Inc. purchased a new stake in Alliant Energy in the fourth quarter valued at approximately $213,000. Finally, Independent Advisor Alliance purchased a new stake in Alliant Energy in the third quarter valued at approximately $211,000. Institutional investors own 68.42% of the company’s stock.

Shares of Alliant Energy (LNT) traded up $0.62 on Tuesday, reaching $37.76. The company had a trading volume of 205,177 shares, compared to its average volume of 1,847,510. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.51 and a quick ratio of 0.36. The firm has a market capitalization of $8,670.17, a P/E ratio of 19.97, a price-to-earnings-growth ratio of 3.29 and a beta of 0.35. Alliant Energy has a 52-week low of $36.84 and a 52-week high of $45.55.

Alliant Energy announced that its Board of Directors has authorized a share buyback plan on Monday, January 15th that permits the company to repurchase shares. This repurchase authorization permits the utilities provider to buy shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Wednesday, January 31st will be paid a $0.335 dividend. The ex-dividend date of this dividend is Tuesday, January 30th. This represents a $1.34 dividend on an annualized basis and a yield of 3.55%. This is a boost from Alliant Energy’s previous quarterly dividend of $0.32. Alliant Energy’s payout ratio is currently 72.04%.

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Alliant Energy 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.

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