Alliant Energy shares slid to a 52-week low of 63.83 USD, settling near 63.78 USD and hovering just above the previous low of 63.87 USD, after the Iowa-based utility reported second-quarter earnings that fell short of Wall Street expectations.
Alliant Energy reported earnings of 0.65 USD per share on revenue of 971 million USD for the quarter ended June 30, missing both earnings and revenue forecasts. Analysts expected 0.69 USD per share on sales of 987.98 million USD, according to consensus estimates tracked by InvestingPro. On a positive note, the result surpassed BMO Capital’s estimate of 0.56 USD and the median consensus of 0.58 USD per share, though it still came in below broader expectations.
Following the report, three firms trimmed their price targets. Jefferies maintained a Buy rating but lowered its target from 86.60 USD to 80.00 USD. BMO Capital held its Outperform rating and cut its target from 80 USD to 78 USD. Mizuho kept a Neutral rating and adjusted its target downward from 76 USD to 75 USD.
Alliant Energy has raised dividends for 56 consecutive years and currently offers a yield of 3.31%. The stock had declined 2.31% over the past year and was trading near a fair-value estimate of 64.68 USD.
Looking ahead, the company said it expects to remain in the upper half of its full-year guidance range, citing capital-investment returns and growing retail electricity sales. Long-term, Alliant Energy anticipates compound annual earnings growth exceeding 7% from 2027 through 2029, supported by ongoing utility capital spending and rising data-center demand in its Iowa and Wisconsin service territories.
