Alliant Energy Co. (NYSE:LNT) Increases Dividend to $0.38 Per Share
Alliant Energy Co. (NYSE:LNT) announced a quarterly dividend on Monday, January 13th, RTT News reports. Investors of record on Friday, January 31st will be given a dividend of 0.38 per share by the utilities provider on Tuesday, February 18th. This represents a $1.52 dividend on an annualized basis and a yield of 2.73%. This is a boost from Alliant Energy’s previous quarterly dividend of $0.36.
Alliant Energy has decreased its dividend by an average of 100.0% annually over the last three years and has raised its dividend every year for the last 13 years.
Alliant Energy stock opened at $55.58 on Tuesday. The stock has a market cap of $13.24 billion, a PE ratio of 28.80, a price-to-earnings-growth ratio of 3.28 and a beta of 0.18. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.59 and a current ratio of 0.73. Alliant Energy has a one year low of $40.75 and a one year high of $55.78. The stock has a fifty day moving average of $53.76 and a 200 day moving average of $52.32.
LNT has been the subject of a number of analyst reports. Scotiabank upgraded Alliant Energy from a “sector perform” rating to a “sector outperform” rating and set a $60.00 price target for the company in a research report on Friday, December 20th. UBS Group upped their price target on Alliant Energy from $54.00 to $57.00 and gave the stock a “neutral” rating in a research report on Friday. Finally, Barclays upgraded Alliant Energy from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $54.00 to $58.00 in a research report on Thursday, November 21st. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $55.00.
Alliant Energy Company Profile
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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