Alliant Energy (NASDAQ:LNT – Get Free Report) posted its earnings results on Friday. The company reported $0.62 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.62, Briefing.com reports. Alliant Energy had a net margin of 17.46% and a return on equity of 10.85%. The company had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter in the previous year, the company posted $0.65 earnings per share. Alliant Energy’s quarterly revenue was down 4.3% compared to the same quarter last year. Alliant Energy updated its FY 2024 guidance to 2.990-3.130 EPS.
Alliant Energy Stock Performance
Alliant Energy stock remained flat at $50.85 during midday trading on Friday. The company had a trading volume of 2,143,657 shares, compared to its average volume of 1,923,734. Alliant Energy has a 1-year low of $45.15 and a 1-year high of $56.26. The company has a quick ratio of 0.40, a current ratio of 0.55 and a debt-to-equity ratio of 1.21. The company’s fifty day moving average is $49.03 and its two-hundred day moving average is $49.56. The stock has a market capitalization of $13.02 billion, a PE ratio of 18.03, a P/E/G ratio of 2.68 and a beta of 0.54.
Alliant Energy Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be issued a $0.48 dividend. The ex-dividend date of this dividend is Monday, April 29th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.78%. Alliant Energy’s dividend payout ratio (DPR) is 69.06%.
Wall Street Analyst Weigh In
View Our Latest Stock Report on Alliant Energy
Insider Buying and Selling at Alliant Energy
In related news, CEO Lisa M. Barton acquired 1,100 shares of the company’s stock in a transaction dated Tuesday, February 20th. The shares were bought at an average price of $48.56 per share, for a total transaction of $53,416.00. Following the purchase, the chief executive officer now directly owns 36,444 shares in the company, valued at approximately $1,769,720.64. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.31% 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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