Analyst Note| Andrew Bischof, CFA, CPA |
We are maintaining our $52 per share fair value estimate for Alliant Energy after the company reported second-quarter adjusted earnings per share of $0.57, up from $0.54 in the same year-ago period. Management reaffirmed 2021 earnings guidance per share of $2.50 to $2.64 per share and noted that the company is currently tracking toward the upper half of the range. This is consistent with our current full-year estimate. Our narrow moat and stable moat trend ratings are also unchanged.