Alliant Energy Corp (LNT) Quote - XNAS | Morningstar

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Alliant Energy Receives Regulatory Approval for Remaining Solar Generation in Wisconsin

Senior Equity Analyst Andrew Bischof

Andrew Bischof, CFA, CPA Senior Equity Analyst

Analyst Note

| Andrew Bischof, CFA, CPA | Apr 29, 2022

We are maintaining our $54 fair value estimate for Alliant Energy after the company reported first-quarter earnings per share of $0.77, up from $0.68 in the year-ago period. Management reaffirmed 2022 EPS guidance of $2.67-$2.81, consistent with our expectations. The company's 5%-7% long-term earnings growth target is unchanged. We continue to expect Alliant to achieve the midpoint of this range. Our narrow moat and stable moat trend ratings are unchanged.

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Alliant Energy Corp's 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 420,000 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

susangille@alliantenergy.com

www.alliantenergy.com

Sector Utilities

Industry Utilities - Regulated Electric

Most Recent Earnings Mar 31, 2022

Fiscal Year End Dec 31, 2022

Stock Type Slow Growth

Employees 3,313

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