Alliant Energy Corporation (NASDAQ:LNT) Announces $0.51 Quarterly Dividend

Key Points

• Alliant Energy Corporation has declared a quarterly dividend of $0.51 per share, with shareholders of record to be paid on November 17th, reflecting a 3.0% yield.
• The company has a dividend payout ratio of 59.0%, supported by projected earnings of $3.45 per share for the next year.
• Alliant Energy's stocks have recently seen a trading increase of 0.7%, reaching a price of $68.07, with a market capitalization of $17.49 billion.

Alliant Energy Corporation (NASDAQ:LNT - Get Free Report) declared a quarterly dividend on Thursday, October 16th. Shareholders of record on Friday, October 31st will be paid a dividend of 0.5075 per share on Monday, November 17th. This represents a c) dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Friday, October 31st.

Alliant Energy has a dividend payout ratio of 59.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Alliant Energy to earn $3.45 per share next year, which means the company should continue to be able to cover its $2.03 annual dividend with an expected future payout ratio of 58.8%.

Alliant Energy Trading Up 0.7%

Shares of LNT stock traded up $0.47 during trading hours on Friday, reaching $68.07. The company's stock had a trading volume of 2,048,090 shares, compared to its average volume of 1,948,798. The stock has a market capitalization of $17.49 billion, a P/E ratio of 21.01, a P/E/G ratio of 3.44 and a beta of 0.54. Alliant Energy has a one year low of $56.08 and a one year high of $69.16. The firm's fifty day simple moving average is $65.70 and its 200 day simple moving average is $63.20. The company has a current ratio of 0.57, a quick ratio of 0.46 and a debt-to-equity ratio of 1.35.

Alliant Energy (NASDAQ:LNT - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.68 earnings per share for the quarter, topping analysts' consensus estimates of $0.62 by $0.06. The firm had revenue of $961.00 million for the quarter, compared to analyst estimates of $977.15 million. Alliant Energy had a return on equity of 12.25% and a net margin of 20.07%.The business's quarterly revenue was up 7.5% compared to the same quarter last year. During the same period last year, the company earned $0.57 EPS. Alliant Energy has set its FY 2025 guidance at 3.150-3.25 EPS. Equities research analysts expect that Alliant Energy will post 3.23 EPS for the current year.

Institutional Trading of Alliant Energy

Hedge funds have recently bought and sold shares of the company. Centaurus Financial Inc. raised its stake in Alliant Energy by 9.7% in the second quarter. Centaurus Financial Inc. now owns 1,896 shares of the company's stock valued at $115,000 after buying an additional 167 shares in the last quarter. Horizon Investments LLC boosted its holdings in Alliant Energy by 4.9% in the 1st quarter. Horizon Investments LLC now owns 3,682 shares of the company's stock valued at $235,000 after purchasing an additional 172 shares in the last quarter. Integrity Alliance LLC. boosted its holdings in Alliant Energy by 3.0% in the 2nd quarter. Integrity Alliance LLC. now owns 6,006 shares of the company's stock valued at $363,000 after purchasing an additional 173 shares in the last quarter. Moss Adams Wealth Advisors LLC boosted its stake in shares of Alliant Energy by 4.8% during the 2nd quarter. Moss Adams Wealth Advisors LLC now owns 3,805 shares of the company's stock worth $230,000 after acquiring an additional 176 shares in the last quarter. Finally, Financial Advisors Network Inc. boosted its stake in shares of Alliant Energy by 4.1% during the 1st quarter. Financial Advisors Network Inc. now owns 4,737 shares of the company's stock worth $305,000 after acquiring an additional 188 shares in the last quarter. Hedge funds and other institutional investors own 79.90% of the company's stock.

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.

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