Alliant Energy (NASDAQ:LNT – Get Free Report) released its quarterly earnings data on Friday. The company reported $0.62 earnings per share for the quarter, hitting the consensus estimate of $0.62, Briefing.com reports. Alliant Energy had a return on equity of 10.85% and a net margin of 17.46%. The business had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter last year, the business posted $0.65 EPS. The business’s revenue was down 4.3% on a year-over-year basis. Alliant Energy updated its FY 2024 guidance to 2.990-3.130 EPS.
Alliant Energy Stock Performance
NASDAQ:LNT remained flat at $50.85 during trading hours on Friday. The company’s stock had a trading volume of 2,143,657 shares, compared to its average volume of 1,923,734. The firm has a 50-day moving average price of $49.03 and a 200-day moving average price of $49.56. The firm 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 has a 1-year low of $45.15 and a 1-year high of $56.26. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.55 and a quick ratio of 0.40.
Alliant Energy Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 3.78%. The ex-dividend date is Monday, April 29th. Alliant Energy’s payout ratio is 69.06%.
Analyst Ratings Changes
Get Our Latest Analysis on Alliant Energy
Insider Buying and Selling at Alliant Energy
In related news, CEO Lisa M. Barton acquired 1,100 shares of the stock in a transaction on Tuesday, February 20th. The stock was acquired at an average price of $48.56 per share, for a total transaction of $53,416.00. Following the completion of the purchase, the chief executive officer now owns 36,444 shares of the company’s stock, valued at $1,769,720.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.31% of the stock is owned by company insiders.
About Alliant Energy
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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