Alliant Energy (LNT) Stock Forecast, Price & News

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Alliant Energy in the last twelve months. There are currently 6 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street 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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8 analysts have issued 1-year price targets for Alliant Energy's shares. Their LNT share price forecasts range from $51.00 to $75.00. On average, they anticipate the company's share price to reach $58.44 in the next twelve months. This suggests a possible upside of 9.8% from the stock's current price.
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Alliant Energy's stock was trading at $55.21 at the beginning of 2023. Since then, LNT stock has decreased by 3.6% and is now trading at $53.23.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
View our LNT earnings forecast.

Alliant Energy Co. (NASDAQ:LNT) announced its quarterly earnings data on Friday, May, 5th. The company reported $0.65 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.73 by $0.08. The company earned $1.08 billion during the quarter, compared to analyst estimates of $1.17 billion. Alliant Energy had a trailing twelve-month return on equity of 10.74% and a net margin of 15.60%. The firm's quarterly revenue was up .8% on a year-over-year basis. During the same period last year, the company posted $0.77 EPS.
Read the conference call transcript.

Alliant Energy announced a quarterly dividend on Monday, April 10th. Stockholders of record on Friday, April 28th will be given a dividend of $0.4525 per share on Monday, May 15th. This represents a $1.81 dividend on an annualized basis and a dividend yield of 3.40%. The ex-dividend date is Thursday, April 27th.
Read our dividend analysis for LNT.

ETFs with the largest weight of Alliant Energy (NASDAQ:LNT) stock in their portfolio include Timothy Plan Market Neutral ETF (TPMN), Virtus Reaves Utilities ETF (UTES), Invesco DWA Utilities Momentum ETF (PUI), Invesco S&P 500 Equal Weight Utilities ETF (RYU), First Trust EIP Carbon Impact ETF (ECLN), AAM Bahl & Gaynor Small/Mid Cap Income Growth ETF (SMIG), Virtus Duff & Phelps Clean Energy ETF (VCLN) and First Trust Global Wind Energy ETF (FAN).

Alliant Energy (NASDAQ:LNT) pays an annual dividend of $1.81 per share and currently has a dividend yield of 3.39%. 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 69.35%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, LNT will have a dividend payout ratio of 58.58% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for LNT.

Alliant Energy's stock split on the morning of Friday, May 20th 2016. The 2-1 split was announced on Wednesday, April 20th 2016. The newly minted 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 issued an update on its FY23 earnings guidance on Thursday, May, 4th. 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.

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

Alliant Energy's stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (9.35%), State Street Corp (5.33%), Victory Capital Management Inc. (3.28%), Geode Capital Management LLC (2.23%), Pictet Asset Management SA (1.72%) and Franklin Resources Inc. (1.60%).
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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 $53.23.

Alliant Energy (NASDAQ:LNT) has a market capitalization of $13.38 billion and generates $4.21 billion in revenue each year. The company earns $686 million in net income (profit) each year or $2.61 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.