Alliant Energy Corporation operates as a utility holding company that provides regulated electricity and natural gas services in the Midwest region of 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. Alliant Energy Corporation, through its other subsidiary, Wisconsin Power and Light Company (WPL), generates and distributes electricity, and distributes and transports natural gas to retail customers in Wisconsin; and sells electricity to wholesale customers in Wisconsin. As of December 31, 2020, IPL supplied electric and natural gas service to approximately 495,000 and 225,000 retail customers respectively; and WPL supplied electric and natural gas service to approximately 480,000 and 195,000 retail customers, respectively. It serves retail customers in the farming, agriculture, industrial manufacturing, chemical, and packaging and food industries. In addition, the company owns and operates a short-line rail freight service in Iowa; a barge, rail, and truck freight terminal on the Mississippi River; and a rail-served warehouse in Cedar Rapids, Iowa, as well as offers freight brokerage and logistics management services. Further, it holds interests in a 347 megawatt (MW) natural gas-fired electric generating unit near Sheboygan Falls, Wisconsin; and a 225 MW wind farm located in Oklahoma. The company was incorporated in 1981 and is headquartered in Madison, Wisconsin.
IPO Year:
Exchange: NASDAQ
Website: alliantenergy.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/20/2024 | $67.00 | Hold | Jefferies |
| 8/13/2024 | $50.00 → $62.50 | Neutral → Buy | Ladenburg Thalmann |
| 1/11/2024 | $55.00 | Outperform → Market Perform | BMO Capital Markets |
| 1/2/2024 | $50.00 → $53.00 | Overweight → Equal Weight | Barclays |
| 10/16/2023 | $60.00 → $59.00 | Sector Perform → Sector Outperform | Scotiabank |
| 9/18/2023 | $55.00 | Overweight | Barclays |
| 6/26/2023 | $55.00 → $58.00 | Neutral → Buy | BofA Securities |
| 6/16/2023 | $52.50 | Neutral | Ladenburg Thalmann |
| 5/30/2023 | $60.00 → $56.00 | Market Perform → Outperform | BMO Capital Markets |
| 4/19/2023 | $58.00 → $61.00 | Equal Weight → Overweight | Wells Fargo |
Third quarter GAAP earnings per share was $1.15 in 2024, compared to $1.02 in 2023 2024 earnings guidance narrowed to a range of $2.99 - $3.06 per share Provided 2025 earnings guidance range of $3.15 - $3.25 per share and 2025 annual common stock dividend target of $2.03 Forecasted 2025 - 2028 capital expenditures of $11 billion in aggregate Alliant Energy Corporation (NASDAQ:LNT) today announced U.S. generally accepted accounting principles (GAAP) and non-GAAP consolidated unaudited earnings per share (EPS) for the three months ended September 30 as follows: GAAP EPS Non-GAAP EPS 2024 2023 2024 2023 Utiliti
A Signed Supply Contract Cements the Role of Energy Dome's Technology in the U.S. Energy Storage Market Energy Dome, a leader in long-duration energy storage solutions, announces a landmark advancement in its commercial-scale deployment in the US market through a signed supply contract for the Columbia Energy Storage Project with Alliant Energy. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241022545249/en/Left: Claudio Spadacini, CEO – Energy Dome. Right: Raja Sundararajan, Executive Vice President – Alliant Energy. (Photo: Business Wire) Having already secured a competitive Cooperative Agreement award of up to $30 million fro
The Alliant Energy Corporation (NASDAQ:LNT) Board of Directors today declared a quarterly cash dividend of $0.48 per share payable on November 15, 2024, to shareowners of record as of the close of business on October 31, 2024. Dividends on common stock have been paid for 316 consecutive quarters since 1946. Alliant Energy Corporation is recognized as a member of the S&P 500 Dividend Aristocrats Index. Alliant Energy Corporation (NASDAQ:LNT) provides regulated energy service to approximately 1,000,000 electric and 425,000 natural gas customers across Iowa and Wisconsin. Alliant Energy's mission is to deliver energy solutions and exceptional service customers and communities count on – saf
Alliant Energy Corporation (NASDAQ:LNT) has scheduled its third quarter 2024 earnings release for Thursday, October 31st, after market close. A conference call to review the third quarter results is scheduled for Friday, November 1st at 9 a.m. CT. Alliant Energy will webcast the event live at www.alliantenergy.com/investors. The call is open to the public and will be hosted by Lisa Barton, President and CEO; and Robert Durian, Executive Vice President and CFO. Individuals who would like to participate in the conference call can do so by dialing (800) 343-4136 (Toll Free – North America) or (203) 518-9814 (International). The conference ID is ALLIANT. An archive of the webcast will be avai
$350 million in senior debentures will be due in 2034 and $300 million in senior debentures will be due in 2054 Interstate Power and Light Company ("IPL"), a wholly owned subsidiary of Alliant Energy Corporation (NASDAQ:LNT), announced the pricing of its public offering of $350 million aggregate principal amount of 4.950% senior debentures due 2034 and $300 million aggregate principal amount of 5.450% senior debentures due 2054. The 2034 senior debentures will be due on September 30, 2034. The 2054 senior debentures will be due on September 30, 2054. IPL intends to use the net proceeds from this offering to retire its $500 million aggregate principal amount of 3.25% senior debentures matu
Second quarter GAAP earnings impacted by non-recurring charges related to IPL settlement and revised EPA rules Reaffirming full year earnings guidance of $2.99 - $3.13 Regulatory progress and data center opportunities position us for long-term growth Alliant Energy Corporation (NASDAQ:LNT) today announced U.S. generally accepted accounting principles (GAAP) and non-GAAP consolidated unaudited earnings per share (EPS) for the three months ended June 30 as follows: GAAP EPS Non-GAAP EPS 2024 2023 2024 2023 Utilities and Corpora
Inaugural list of America's best mid-size companies based on employee satisfaction, revenue growth and sustainability. TIME recently recognized Alliant Energy (NASDAQ:LNT) on their inaugural list of America's Best Mid-Size Companies 2024. The American news magazine presented this prestigious award in partnership with Statista Inc., the world-leading statistics portal and industry ranking provider. America's Best Mid-Size Companies 2024 were identified based on employee satisfaction, revenue growth and sustainability transparency. The project scope considered all companies that operate in the United States and generated at least $100 million in revenue but less than $10 billion in 2022 o
The Alliant Energy Corporation (NASDAQ:LNT) Board of Directors today declared a quarterly cash dividend of $0.48 per share payable on August 15, 2024, to shareowners of record as of the close of business on July 31, 2024. Dividends on common stock have been paid for 315 consecutive quarters since 1946. Alliant Energy Corporation is recognized as a member of the S&P 500 Dividend Aristocrats Index. Alliant Energy Corporation (NASDAQ:LNT) provides regulated energy service to approximately 1,000,000 electric and 425,000 natural gas customers across Iowa and Wisconsin. Alliant Energy's mission is to deliver energy solutions and exceptional service customers and communities count on – safel
Alliant Energy Corporation (NASDAQ:LNT) has scheduled its second quarter 2024 earnings release for Thursday, August 1st, after market close. A conference call to review the second quarter results is scheduled for Friday, August 2nd at 9 a.m. CT. Alliant Energy will webcast the event live at www.alliantenergy.com/investors. The call is open to the public and will be hosted by John Larsen, Executive Chairman, Lisa Barton, President and CEO; and Robert Durian, Executive Vice President and CFO. Individuals who would like to participate in the conference call can do so by dialing (800) 245-3047 (Toll Free – North America) or (203) 518-9765 (International). The conference ID is ALLIANT. An ar
Alliant Energy Finance, LLC ("AEF"), a wholly owned subsidiary of Alliant Energy Corporation (the "Company") (NASDAQ:LNT), announced the pricing of a private offering of $375 million aggregate principal amount of 5.400% senior unsecured notes. The senior notes will be due on June 6, 2027. The closing of the offering is expected to occur on June 6, 2024, subject to customary closing conditions. The Company will fully and unconditionally guarantee the notes on a senior unsecured basis. The net proceeds from the offering are intended to be used to reduce the Company's outstanding commercial paper and for general corporate purposes. The notes will be offered and sold to persons reasonably b
Barclays analyst Nicholas Campanella maintains Alliant Energy (NASDAQ:LNT) with a Equal-Weight and raises the price target from $52 to $55.
On June 20, 2024, Alliant Energy Corporation and Interstate Power and Light Company (IPL), a wholly-owned subsidiary of Alliant Energy, concluded they will incur a one-time charge for the three and six months ending June 30, 2024, related to the non-unanimous settlement agreement reached with the Office of Consumer Advocate and the Iowa Business Energy Coalition for IPL’s retail electric rate review. As a result of the settlement agreement, IPL concluded that it is no longer probable that it will earn a return on the regulatory asset for IPL’s retired coal-fired Lansing Generating Station from its retail customers when final rates are expected to be implemented later in 2024. The amount of
Alliant Energy's (NYSE:LNT) short percent of float has fallen 12.93% since its last report. The company recently reported that it has 4.51 million shares sold short, which is 2.02% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.68 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interes
The senior notes will be due on June 6, 2027. The closing of the offering is expected to occur on June 6, 2024, subject to customary closing conditions.
Alliant Energy's (NYSE:LNT) short percent of float has fallen 14.85% since its last report. The company recently reported that it has 4.37 million shares sold short, which is 1.95% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.83 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interes
Wells Fargo analyst Neil Kalton maintains Alliant Energy (NASDAQ:LNT) with a Overweight and raises the price target from $55 to $56.
Alliant Energy (NASDAQ:LNT) reported quarterly earnings of $0.62 per share which missed the analyst consensus estimate of $0.69 by 10.14 percent.
Alliant Energy (NASDAQ:LNT) reported quarterly sales of $1.031 billion which missed the analyst consensus estimate of $1.065 billion by 3.15 percent. This is a 4.27 percent decrease over sales of $1.077 billion the same period last year.
Ladenburg Thalmann analyst Paul Fremont maintains Alliant Energy (NASDAQ:LNT) with a Neutral and lowers the price target from $48.5 to $48.
Jefferies initiated coverage of Alliant Energy with a rating of Hold and set a new price target of $67.00
Ladenburg Thalmann upgraded Alliant Energy from Neutral to Buy and set a new price target of $62.50 from $50.00 previously
BMO Capital Markets downgraded Alliant Energy from Outperform to Market Perform and set a new price target of $55.00
Barclays downgraded Alliant Energy from Overweight to Equal Weight and set a new price target of $53.00 from $50.00 previously
Scotiabank upgraded Alliant Energy from Sector Perform to Sector Outperform and set a new price target of $59.00 from $60.00 previously
Barclays initiated coverage of Alliant Energy with a rating of Overweight and set a new price target of $55.00
BofA Securities upgraded Alliant Energy from Neutral to Buy and set a new price target of $58.00 from $55.00 previously
Ladenburg Thalmann initiated coverage of Alliant Energy with a rating of Neutral and set a new price target of $52.50
BMO Capital Markets upgraded Alliant Energy from Market Perform to Outperform and set a new price target of $56.00 from $60.00 previously
Wells Fargo upgraded Alliant Energy from Equal Weight to Overweight and set a new price target of $61.00 from $58.00 previously
Third quarter GAAP earnings per share was $1.15 in 2024, compared to $1.02 in 2023 2024 earnings guidance narrowed to a range of $2.99 - $3.06 per share Provided 2025 earnings guidance range of $3.15 - $3.25 per share and 2025 annual common stock dividend target of $2.03 Forecasted 2025 - 2028 capital expenditures of $11 billion in aggregate Alliant Energy Corporation (NASDAQ:LNT) today announced U.S. generally accepted accounting principles (GAAP) and non-GAAP consolidated unaudited earnings per share (EPS) for the three months ended September 30 as follows: GAAP EPS Non-GAAP EPS 2024 2023 2024 2023 Utiliti
The Alliant Energy Corporation (NASDAQ:LNT) Board of Directors today declared a quarterly cash dividend of $0.48 per share payable on November 15, 2024, to shareowners of record as of the close of business on October 31, 2024. Dividends on common stock have been paid for 316 consecutive quarters since 1946. Alliant Energy Corporation is recognized as a member of the S&P 500 Dividend Aristocrats Index. Alliant Energy Corporation (NASDAQ:LNT) provides regulated energy service to approximately 1,000,000 electric and 425,000 natural gas customers across Iowa and Wisconsin. Alliant Energy's mission is to deliver energy solutions and exceptional service customers and communities count on – saf
Alliant Energy Corporation (NASDAQ:LNT) has scheduled its third quarter 2024 earnings release for Thursday, October 31st, after market close. A conference call to review the third quarter results is scheduled for Friday, November 1st at 9 a.m. CT. Alliant Energy will webcast the event live at www.alliantenergy.com/investors. The call is open to the public and will be hosted by Lisa Barton, President and CEO; and Robert Durian, Executive Vice President and CFO. Individuals who would like to participate in the conference call can do so by dialing (800) 343-4136 (Toll Free – North America) or (203) 518-9814 (International). The conference ID is ALLIANT. An archive of the webcast will be avai
Second quarter GAAP earnings impacted by non-recurring charges related to IPL settlement and revised EPA rules Reaffirming full year earnings guidance of $2.99 - $3.13 Regulatory progress and data center opportunities position us for long-term growth Alliant Energy Corporation (NASDAQ:LNT) today announced U.S. generally accepted accounting principles (GAAP) and non-GAAP consolidated unaudited earnings per share (EPS) for the three months ended June 30 as follows: GAAP EPS Non-GAAP EPS 2024 2023 2024 2023 Utilities and Corpora
The Alliant Energy Corporation (NASDAQ:LNT) Board of Directors today declared a quarterly cash dividend of $0.48 per share payable on August 15, 2024, to shareowners of record as of the close of business on July 31, 2024. Dividends on common stock have been paid for 315 consecutive quarters since 1946. Alliant Energy Corporation is recognized as a member of the S&P 500 Dividend Aristocrats Index. Alliant Energy Corporation (NASDAQ:LNT) provides regulated energy service to approximately 1,000,000 electric and 425,000 natural gas customers across Iowa and Wisconsin. Alliant Energy's mission is to deliver energy solutions and exceptional service customers and communities count on – safel
Alliant Energy Corporation (NASDAQ:LNT) has scheduled its second quarter 2024 earnings release for Thursday, August 1st, after market close. A conference call to review the second quarter results is scheduled for Friday, August 2nd at 9 a.m. CT. Alliant Energy will webcast the event live at www.alliantenergy.com/investors. The call is open to the public and will be hosted by John Larsen, Executive Chairman, Lisa Barton, President and CEO; and Robert Durian, Executive Vice President and CFO. Individuals who would like to participate in the conference call can do so by dialing (800) 245-3047 (Toll Free – North America) or (203) 518-9765 (International). The conference ID is ALLIANT. An ar
First quarter GAAP earnings per share was $0.62 in 2024, compared to $0.65 in 2023 Reaffirming 2024 earnings guidance range of $2.99 - $3.13 per share Alliant Energy Corporation (NASDAQ:LNT) today announced U.S. generally accepted accounting principles (GAAP) consolidated unaudited earnings per share (EPS) for the three months ended March 31 as follows: GAAP EPS 2024 2023 Utilities and Corporate Services $ 0.62 $ 0.65 American Transmission Company (ATC) Holdings 0.04 0.04 Non-utility and Parent (0.04
The Alliant Energy Corporation (NASDAQ:LNT) Board of Directors today declared a quarterly cash dividend of $0.48 per share payable on May 15, 2024, to shareowners of record as of the close of business on April 30, 2024. Dividends on common stock have been paid for 314 consecutive quarters since 1946. Alliant Energy Corporation (NASDAQ:LNT) provides regulated energy service to approximately 1,000,000 electric and 425,000 natural gas customers across Iowa and Wisconsin. Alliant Energy's mission is to deliver energy solutions and exceptional service customers and communities count on – safely, efficiently and responsibly. Interstate Power and Light Company (IPL) and Wisconsin Power and Lig
Alliant Energy Corporation (NASDAQ:LNT) has scheduled its first quarter 2024 earnings release for Thursday, May 2nd, after market close. A conference call to review the first quarter results is scheduled for Friday, May 3rd at 9 a.m. CT. Alliant Energy will webcast the event live at www.alliantenergy.com/investors. The call is open to the public and will be hosted by John Larsen, Executive Chairman, Lisa Barton, President and CEO; and Robert Durian, Executive Vice President and CFO. Individuals who would like to participate in the conference call can do so by dialing (800) 225-9448 (Toll Free – North America) or (203) 518-9708 (International). An archive of the webcast will be available
GAAP earnings per share were $2.78 in 2023 compared to $2.73 in 2022 Temperature-normalized non-GAAP earnings per share were $2.88 in 2023 compared to $2.73 in 2022, representing 5.5% growth Affirmed 2024 earnings guidance range of $2.99 - $3.13 per share Alliant Energy Corporation (NASDAQ:LNT) today announced U.S. generally accepted accounting principles (GAAP) and non-GAAP consolidated unaudited earnings per share (EPS) for 2023 and 2022 as follows: GAAP EPS Non-GAAP EPS 2023 2022 2023 2022 Utilities and Corporate Services
The Alliant Energy Board of Directors has appointed Christie Raymond as a new director, effective April 1, 2024 Alliant Energy Corporation (NASDAQ:LNT) today announced that its Board of Directors has appointed Christie Raymond as a new independent director, effective April 1, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240308942847/en/Christie Raymond (Photo: Business Wire) Raymond, 54, brings over 30 years of expertise in marketing, data analytics, new and traditional media, operations, strategic planning, customer satisfaction and several other critical business areas of focus important to the energy industry. Curre
MADISON, Wis., Jan. 13, 2023 (GLOBE NEWSWIRE) -- Alliant Energy Corporation (NASDAQ:LNT) today announced the appointment of Lisa M. Barton to the newly created role of President and Chief Operating Officer, effective February 27, 2023. In this role, Ms. Barton will work closely with John O. Larsen, Alliant Energy's Chair and Chief Executive Officer, to execute the company's investment growth plan and continue advancing Alliant Energy's work to enable a clean energy future for the customers and communities Alliant Energy serves. She will oversee the company's two public utility subsidiaries, Interstate Power and Light (IPL) and Wisconsin Power and Light (WPL), as well as Alliant Energy's cu
MADISON, Wis., Jan. 04, 2023 (GLOBE NEWSWIRE) -- Alliant Energy Corporation (NASDAQ:LNT) today announced that its Board of Directors has appointed Stephanie Cox as a new independent director effective February 11, 2023. In addition, Dean Oestreich, an Alliant Energy director since 2005, is retiring from the Board, effective with Ms. Cox's appointment. Ms. Cox, 54, has more than 30 years of experience in the energy sector leading strategic planning, P&L management, human resources, manufacturing and supply chain and other functional roles for global organizations. She most recently served as Executive President of Operations at John Wood Group PLC (Wood), first joining the company in 2019
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