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Alliant Energy Corp LNT

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Morningstar’s Analysis

Valuation
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1-Star Price

PREMIUM

5-Star Price

PREMIUM

Economic Moat

PREMIUM

Capital Allocation

PREMIUM

Alliant Energy's Investments Drive Earnings Growth in Q2

Andrew Bischof, CFA, CPA Senior Equity Analyst

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.

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Company Profile

Business Description

Alliant Energy is the parent of two regulated utilities, Interstate Power and Light and Wisconsin Power and Light, serving nearly 1 million electricity and natural gas customers and approximately 400,000 natural gas-only customers. Both subsidiaries engage in the generation and distribution of electricity and the distribution and transportation of natural gas. Alliant also owns a 16% interest in American Transmission Co.

Contact
4902 North Biltmore Lane
Madison, WI, 53718
T +1 608 458-3311
Sector Utilities
Industry Utilities - Regulated Electric
Most Recent Earnings Jun 30, 2021
Fiscal Year End Dec 31, 2021
Stock Type Slow Growth
Employees 3,375

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