Wall Street analysts expect Alliant Energy Co. (NYSE:LNT) to announce earnings of $0.46 per share for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have issued estimates for Alliant Energy’s earnings. Alliant Energy reported earnings per share of $0.43 during the same quarter last year, which suggests a positive year over year growth rate of 7%. The company is scheduled to report its next earnings report on Thursday, August 1st.

On average, analysts expect that Alliant Energy will report full year earnings of $2.24 per share for the current financial year, with EPS estimates ranging from $2.23 to $2.25. For the next fiscal year, analysts anticipate that the firm will report earnings of $2.43 per share, with EPS estimates ranging from $2.40 to $2.45. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that follow Alliant Energy.

Alliant Energy (NYSE:LNT) last announced its earnings results on Thursday, May 2nd. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.02. Alliant Energy had a net margin of 15.09% and a return on equity of 11.69%. The company had revenue of $987.20 million during the quarter, compared to analyst estimates of $903.85 million. During the same period in the previous year, the business earned $0.52 earnings per share. The firm’s quarterly revenue was up 7.7% compared to the same quarter last year.

Several analysts have issued reports on the stock. Argus restated a “buy” rating and set a $52.00 price target on shares of Alliant Energy in a research report on Wednesday, June 5th. Zacks Investment Research lowered shares of Alliant Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, April 24th. Finally, Wells Fargo & Co upped their price objective on shares of Alliant Energy from $49.00 to $52.00 and gave the company an “outperform” rating in a research note on Monday, February 25th. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Alliant Energy presently has an average rating of “Hold” and an average target price of $47.31.

In related news, Chairman Patricia L. Kampling sold 10,000 shares of the stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $47.55, for a total value of $475,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP James H. Gallegos sold 5,000 shares of the stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $47.50, for a total transaction of $237,500.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 25,000 shares of company stock valued at $1,182,800. 0.25% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in LNT. Oregon Public Employees Retirement Fund increased its stake in shares of Alliant Energy by 4,072.3% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,049,786 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 1,024,625 shares in the last quarter. Sontag Advisory LLC bought a new position in shares of Alliant Energy during the fourth quarter valued at approximately $30,000. Rockefeller Capital Management L.P. bought a new position in shares of Alliant Energy during the first quarter valued at approximately $39,000. Berman Capital Advisors LLC increased its stake in shares of Alliant Energy by 268.5% during the first quarter. Berman Capital Advisors LLC now owns 877 shares of the utilities provider’s stock valued at $41,000 after purchasing an additional 639 shares in the last quarter. Finally, Icon Wealth Partners LLC bought a new position in shares of Alliant Energy during the first quarter valued at approximately $44,000. 71.12% of the stock is owned by institutional investors and hedge funds.

NYSE LNT opened at $50.00 on Monday. The company has a quick ratio of 0.59, a current ratio of 0.73 and a debt-to-equity ratio of 1.15. Alliant Energy has a 12-month low of $39.35 and a 12-month high of $50.01. The stock has a market cap of $11.87 billion, a price-to-earnings ratio of 25.91, a price-to-earnings-growth ratio of 3.28 and a beta of 0.18.

About Alliant Energy

Alliant Energy Corporation operates as a utility holding company that provides regulated electricity and natural gas services in the Midwest region of the United States. It operates through three segments: Electric, Gas, and 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.

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