Alliant Energy (LNT) Stock Forecast, Price & News

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Alliant Energy in the last twelve months. There are currently 5 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" LNT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in LNT, but not buy additional shares or sell existing shares.
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9 brokerages have issued twelve-month price objectives for Alliant Energy's stock. Their LNT share price forecasts range from $49.00 to $61.00. On average, they anticipate the company's stock price to reach $54.39 in the next year. This suggests a possible upside of 11.5% from the stock's current price.
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Alliant Energy's stock was trading at $55.21 at the start of the year. Since then, LNT shares have decreased by 11.6% and is now trading at $48.78.
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The company is scheduled to release its next quarterly earnings announcement on Monday, November 6th 2023.
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Alliant Energy Co. (NASDAQ:LNT) released its quarterly earnings results on Friday, August, 4th. The company reported $0.64 earnings per share for the quarter, topping analysts' consensus estimates of $0.59 by $0.05. The firm earned $912 million during the quarter, compared to the consensus estimate of $956.42 million. Alliant Energy had a net margin of 15.73% and a trailing twelve-month return on equity of 10.63%. Alliant Energy's revenue for the quarter was down 3.3% on a year-over-year basis. During the same period last year, the business earned $0.63 earnings per share.
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Alliant Energy announced a quarterly dividend on Friday, July 14th. Stockholders of record on Monday, July 31st will be given a dividend of $0.4525 per share on Tuesday, August 15th. This represents a $1.81 dividend on an annualized basis and a dividend yield of 3.71%. The ex-dividend date of this dividend is Friday, July 28th.
Read our dividend analysis for LNT.

ETFs with the largest weight of Alliant Energy (NASDAQ:LNT) stock in their portfolio include Invesco Dorsey Wright Utilities Momentum ETF (PUI), Invesco S&P 500 Equal Weight Utilities ETF (RYU), Invesco S&P 500 Equal Weight Utilities ETF (RSPU), First Trust EIP Carbon Impact ETF (ECLN), Natixis Vaughan Nelson Mid Cap ETF (VNMC), First Trust Utilities AlphaDEX Fund (FXU), Virtus Duff & Phelps Clean Energy ETF (VCLN) and AAM Bahl & Gaynor Small/Mid Cap Income Growth ETF (SMIG).

Alliant Energy (NASDAQ:LNT) pays an annual dividend of $1.81 per share and currently has a dividend yield of 3.55%. The company has been increasing its dividend for 20 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 69.08%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, LNT will have a dividend payout ratio of 58.77% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for LNT.

Shares of Alliant Energy split on the morning of Friday, May 20th 2016. The 2-1 split was announced on Wednesday, April 20th 2016. The newly created shares were distributed to shareholders after the market closes on Thursday, May 19th 2016. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

Alliant Energy updated its FY 2023 earnings guidance on Thursday, August, 3rd. The company provided earnings per share guidance of $2.82-$2.96 for the period, compared to the consensus earnings per share estimate of $2.89. The company issued revenue guidance of -.

Alliant Energy trades on the NASDAQ under the ticker symbol "LNT."

Alliant Energy's stock is owned by a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (9.10%), State Street Corp (5.35%), Victory Capital Management Inc. (3.35%), Nuveen Asset Management LLC (2.63%), Nuveen Asset Management LLC (2.63%) and Geode Capital Management LLC (2.28%).
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Shares of LNT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of LNT stock can currently be purchased for approximately $48.78.

Alliant Energy (NASDAQ:LNT) has a market capitalization of $12.33 billion and generates $4.21 billion in revenue each year. The company earns $686 million in net income (profit) each year or $2.62 on an earnings per share basis.

The company employs 3,129 workers across the globe.

Alliant Energy's mailing address is 4902 NORTH BILTMORE LANE, MADISON WI, 53718. The official website for the company is www.alliantenergy.com. The company can be reached via phone at (608) 458-3311, via email at susangille@alliantenergy.com, or via fax at 608-458-0132.