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1. Company Snapshot

1.a. Company Description

Alliant Energy Corporation operates as a utility holding company that provides regulated electricity and natural gas services.It operates through 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, 2021, IPL supplied electric and natural gas service to approximately 500,000 and 225,000 retail customers respectively; and WPL supplied electric and natural gas service to approximately 485,000 and 200,000 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 Iowa, as well as offers freight brokerage 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.

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1.b. Last Insights on LNT

Alliant Energy's prospects are bolstered by a "Moderate Buy" consensus rating from eleven brokerages, with eight recommending a buy, as reported by MarketBeat.com. The company is poised to benefit from rising demand in the electric power industry, driven by a strong customer base and strategic capital expenditures to upgrade infrastructure, as noted in a recent analysis highlighting NEE, AEE, LNT, and PNW as promising utility stocks. Additionally, Alliant Energy's upcoming Q4 2025 earnings release is anticipated, with analysts expecting earnings of $0.57 per share and revenue of $673.1080 million.

1.c. Company Highlights

2. Alliant Energy's Strong Financial Performance and Growth Prospects

Alliant Energy Corporation reported a strong financial performance in 2025, with earnings per share (EPS) of $0.6, beating analyst estimates of $0.58. The company's revenue growth is expected to be around 3.1% next year, according to analyst estimates. The company's ten-year compound annual EPS growth stands at 6.3%, demonstrating a consistent track record of performance. The company's dividend increase marked the twenty-second consecutive year of dividend increases, and the total shareowner return for the year was over 13%. The company's financial performance is a testament to its strategic priorities and focus on customers and building stronger communities.

Publication Date: Feb -22

📋 Highlights
  • 10-Year EPS Growth:: Achieved 6.3% compound annual EPS growth, with 2025 EPS growth of 6% exceeding guidance.
  • Dividend Growth:: 22nd consecutive year of dividend increases, delivering over 13% total shareholder return in 2025.
  • Regulatory Settlement:: Unanimous approval of 2026–2027 rate review in Wisconsin, ensuring regulatory alignment and stability.
  • Capital Plan Update:: $1.3 billion in equity to be raised through 2029, supporting $3.0 billion in planned investments, including renewables and gas resources.

Regulatory Execution and Growth Opportunities

The company achieved a highly constructive outcome in its 2026–2027 rate review in Wisconsin, with a unanimous settlement approved by the Public Service Commission of Wisconsin. Alliant Energy is actively engaged with customers and continues to pursue between two to four gigawatts of additional large load growth opportunities. The company's focus on driving affordable energy solutions is foundational to its strategy, and it has built a strong foundation that positions it well for sustainable growth and delivering meaningful value to customers. As Robert Durian noted, the company has a high bar for quality ESAs and is focused on making sure that the projects are cost-effective for customers.

Capital Expenditure Plan and Financing

The company's consolidated four-year capital plan remains on track, with a reallocation of certain gas, wind, and energy storage investments between its state utilities. The company expects to raise approximately $1,300,000,000 of remaining equity to be raised through 2029, excluding equity expected to be raised under its share purchase plan. The company's financing plan provides flexibility to support efficient execution of its strategy.

Valuation Metrics

Looking at the company's valuation metrics, the Price-to-Earnings (P/E) Ratio stands at 22.54, and the Price-to-Book (P/B) Ratio is 2.49. The Dividend Yield is 2.9%, indicating a relatively stable return for investors. The EV/EBITDA ratio is 15.12, and the Return on Equity (ROE) is 11.22%. These metrics suggest that the company's stock is fairly valued, with a balance between growth prospects and return on investment.

3. NewsRoom

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Alliant Energy: Grow Your Income With This Durable Utility

Mar -09

Source: seekingalpha.com

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Alliant Energy Corporation (NASDAQ:LNT) Receives Average Rating of “Moderate Buy” from Brokerages

Mar -06

Source: defenseworld.net

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Alliant Energy Corporation $LNT Shares Sold by Artisan Partners Limited Partnership

Feb -28

Source: defenseworld.net

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Communities Received Over $6.5M From Alliant Energy in 2025

Feb -26

Source: businesswire.com

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Bleakley Financial Group LLC Buys New Position in Alliant Energy Corporation $LNT

Feb -26

Source: defenseworld.net

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Alliant Energy Corp (LNT) Q4 2025 Earnings Call Highlights: Strong EPS Growth and Continued Dividend Increases

Feb -20

Source: gurufocus.com

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Alliant Energy Corporation (LNT) Q4 2025 Earnings Call Transcript

Feb -20

Source: seekingalpha.com

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Alliant Energy Q4 Earnings Surpass Estimates, Sales Increase Y/Y

Feb -20

Source: zacks.com

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (0.98%)

6. Segments

Utility Electric

Expected Growth: 1.0%

Alliant Energy's 1.0% growth in Utility Electric segment is driven by increasing demand for electricity in Wisconsin, fueled by population growth and economic expansion. Additionally, investments in grid modernization and renewable energy sources, such as wind and solar, contribute to the growth. Rate base growth and constructive regulatory environment also support the segment's expansion.

Utility Gas

Expected Growth: 0.9%

Alliant Energy Corporation's Utility Gas segment growth of 0.9% is driven by increasing demand for natural gas, fueled by customer additions and weather normalization. Additionally, rate base growth from infrastructure investments and cost recovery mechanisms contribute to the segment's modest growth.

ATC Holdings, Non-utility, Parent and Other

Expected Growth: 0.8%

ATC Holdings driven by regulated transmission investment and rate base growth. Non-utility segment growth fueled by investments in renewable energy and energy storage. Parent company benefits from diversified business mix and cost management initiatives. Other segment growth driven by investments in unregulated energy businesses and strategic acquisitions, all contributing to 0.8% growth.

Utility Other

Expected Growth: 1.1%

Alliant Energy Corporation's Utility Other segment growth of 1.1% is driven by increasing demand for renewable energy, favorable regulatory policies, and investments in grid modernization. Additionally, the company's focus on energy efficiency programs and customer growth also contribute to this growth.

7. Detailed Products

Electricity

Alliant Energy Corporation generates and distributes electricity to residential, commercial, and industrial customers in Iowa and Wisconsin.

Natural Gas

The company provides natural gas distribution services to customers in Iowa and Wisconsin, offering a safe and reliable supply of natural gas for heating, cooking, and other uses.

Renewable Energy

Alliant Energy Corporation invests in renewable energy sources, such as wind and solar power, to reduce carbon emissions and promote sustainability.

Energy Efficiency Services

The company offers energy efficiency programs and services to help customers reduce energy consumption and lower their energy bills.

Transmission and Distribution Services

Alliant Energy Corporation provides transmission and distribution services to ensure reliable and efficient delivery of electricity and natural gas to customers.

8. Alliant Energy Corporation's Porter Forces

Forces Ranking

Threat Of Substitutes

The threat of substitutes for Alliant Energy Corporation is medium due to the availability of alternative energy sources such as solar and wind power. However, the high cost of switching to these alternatives and the lack of infrastructure in some areas reduce the threat.

Bargaining Power Of Customers

The bargaining power of customers for Alliant Energy Corporation is low due to the lack of alternative energy providers in some areas and the high cost of switching to alternative energy sources.

Bargaining Power Of Suppliers

The bargaining power of suppliers for Alliant Energy Corporation is medium due to the availability of multiple suppliers of fuel and equipment. However, the high cost of switching to alternative suppliers and the complexity of the supply chain reduce the bargaining power of suppliers.

Threat Of New Entrants

The threat of new entrants for Alliant Energy Corporation is low due to the high barriers to entry in the energy industry, including the need for significant capital investment and regulatory approvals.

Intensity Of Rivalry

The intensity of rivalry for Alliant Energy Corporation is high due to the presence of multiple competitors in the energy industry, including other utility companies and alternative energy providers.

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 58.39%
Debt Cost 4.08%
Equity Weight 41.61%
Equity Cost 6.63%
WACC 5.14%
Leverage 140.34%

11. Quality Control: Alliant Energy Corporation passed 2 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

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Pinnacle West Capital

A-Score: 6.5/10

Value: 6.5

Growth: 5.1

Quality: 4.1

Yield: 8.0

Momentum: 5.5

Volatility: 10.0

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Ameren

A-Score: 6.5/10

Value: 5.5

Growth: 4.8

Quality: 4.6

Yield: 6.0

Momentum: 8.0

Volatility: 10.0

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PPL

A-Score: 6.4/10

Value: 5.5

Growth: 4.2

Quality: 4.4

Yield: 7.0

Momentum: 7.0

Volatility: 10.0

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CMS Energy

A-Score: 6.3/10

Value: 5.5

Growth: 4.1

Quality: 4.4

Yield: 6.0

Momentum: 7.5

Volatility: 10.0

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CenterPoint Energy

A-Score: 6.1/10

Value: 5.0

Growth: 3.4

Quality: 4.4

Yield: 5.0

Momentum: 9.0

Volatility: 10.0

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Alliant Energy

A-Score: 5.9/10

Value: 2.4

Growth: 4.2

Quality: 5.0

Yield: 6.0

Momentum: 7.5

Volatility: 10.0

1-Year Total Return ->

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Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

71.61$

Current Price

71.61$

Potential

-0.00%

Expected Cash-Flows