Zacks Research Lowers Earnings Estimates for Alliant Energy

Key Points

• Zacks Research lowered Alliant Energy’s Q2 2028 EPS estimate to $0.88 from $0.89, while analysts’ full-year consensus remains $3.43 per share.
• Alliant Energy’s shares opened at $67.86, down 1.1%, below the average analyst price target of $77.00. The stock carries a “Moderate Buy” consensus rating from analysts.
• The utility reported quarterly EPS of $0.65, beating expectations by $0.07, and revenue of $971 million, up 1% year over year. It also maintains a $0.535 quarterly dividend, equivalent to a 3.2% annual yield.

Alliant Energy Corporation (NASDAQ:LNT - Free Report) - Stock analysts at Zacks Research reduced their Q2 2028 earnings per share estimates for Alliant Energy in a report issued on Wednesday, September 9th. Zacks Research analyst Team now expects that the company will earn $0.88 per share for the quarter, down from their previous estimate of $0.89. The consensus estimate for Alliant Energy's current full-year earnings is $3.43 per share.

Several other research analysts also recently commented on the stock. Jefferies Financial Group reissued a "buy" rating and issued a $80.00 price target on shares of Alliant Energy in a report on Thursday, August 27th. TD Cowen started coverage on Alliant Energy in a research report on Tuesday, July 7th. They issued a "hold" rating and a $83.00 price objective on the stock. Weiss Ratings lowered Alliant Energy from a "buy (b+)" rating to a "buy (b)" rating in a research note on Tuesday, July 28th. Wall Street Zen cut Alliant Energy from a "hold" rating to a "sell" rating in a research report on Sunday, August 9th. Finally, BMO Capital Markets lowered their price target on Alliant Energy from $80.00 to $78.00 and set an "outperform" rating on the stock in a report on Monday, August 3rd. Nine investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $77.00.

Alliant Energy Stock Down 1.1%

Shares of NASDAQ LNT opened at $67.86 on Thursday. The company has a quick ratio of 0.35, a current ratio of 0.47 and a debt-to-equity ratio of 1.41. The company has a market cap of $17.60 billion, a P/E ratio of 21.47, a P/E/G ratio of 2.89 and a beta of 0.54. Alliant Energy has a 52 week low of $63.28 and a 52 week high of $78.81. The business has a 50-day simple moving average of $71.63 and a two-hundred day simple moving average of $72.14.

Alliant Energy (NASDAQ:LNT - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.07. Alliant Energy had a net margin of 18.45% and a return on equity of 11.16%. The company had revenue of $971.00 million for the quarter, compared to analyst estimates of $896.94 million. During the same quarter in the previous year, the firm posted $0.68 earnings per share. The company's quarterly revenue was up 1.0% compared to the same quarter last year. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS.

Alliant Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Friday, July 31st were given a dividend of $0.535 per share. The ex-dividend date was Friday, July 31st. This represents a $2.14 dividend on an annualized basis and a yield of 3.2%. Alliant Energy's dividend payout ratio (DPR) is presently 67.72%.

Hedge Funds Weigh In On Alliant Energy

Institutional investors have recently modified their holdings of the company. Tidal Investments LLC lifted its position in Alliant Energy by 16.5% in the 2nd quarter. Tidal Investments LLC now owns 8,932 shares of the company's stock worth $681,000 after buying an additional 1,264 shares during the last quarter. MCF Advisors LLC raised its stake in shares of Alliant Energy by 104.1% during the second quarter. MCF Advisors LLC now owns 990 shares of the company's stock worth $76,000 after acquiring an additional 505 shares in the last quarter. National Pension Service lifted its holdings in shares of Alliant Energy by 92.1% in the 2nd quarter. National Pension Service now owns 37,458 shares of the company's stock worth $2,858,000 after acquiring an additional 17,961 shares during the last quarter. Engineers Gate Manager LP boosted its stake in shares of Alliant Energy by 672.2% in the 2nd quarter. Engineers Gate Manager LP now owns 98,507 shares of the company's stock valued at $7,515,000 after purchasing an additional 85,751 shares in the last quarter. Finally, Integrated Wealth Concepts LLC boosted its stake in shares of Alliant Energy by 14.5% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 8,138 shares of the company's stock valued at $621,000 after purchasing an additional 1,032 shares in the last quarter. 79.90% of the stock is currently owned by institutional investors.

Alliant Energy Company Profile

Alliant Energy Corporation is a regulated utility holding company that provides electricity and natural gas services through its operating subsidiaries, Interstate Power and Light Company and Wisconsin Power and Light Company.

The company generates and distributes electricity to residential, commercial, and industrial customers, and provides natural gas distribution services. Its energy portfolio includes a growing mix of renewable generation, along with traditional power-generation resources and transmission and distribution infrastructure.

Alliant Energy primarily serves customers in Wisconsin and Iowa.

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