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Alliant Energy Corporation (LNT)

NEUTRAL
UtilitiesUtilities - Regulated ElectricUnited States

Fundamental

58

Precio

$68.50

Capitalización Bursátil

$17.60B

Parte 1 · Cuánto vale la empresa

Resumen

Alliant Energy owns two regulated utilities, Interstate Power and Light in Iowa and Wisconsin Power and Light in Wisconsin, that generate and deliver electricity and distribute natural gas to homes and businesses in the Midwest. It builds and operates power plants, transmission lines and gas pipelines within a territory where state regulators, not competitors, set the prices it can charge and the returns it can earn.

Cómo genera ingresos

Customers pay metered rates for electricity and gas that regulators approve in advance through rate cases, designed to let Alliant recover its costs and earn a set return on the capital it invests in plants and wires. Growth therefore comes mainly from adding new rate base — power plants, grid upgrades, renewable projects — rather than from selling more volume to existing customers, whose usage regulators actively try to keep efficient.

Ingresos por segmento

Electric84.8%

Generation, transmission and retail sale of electricity to roughly a million customers across Iowa and Wisconsin.

Gas12%

Distribution and transportation of natural gas to roughly 435,000 residential and business customers.

Other and non-utility3.2%

Smaller regulated and non-utility activities that fall outside the core electric and gas businesses.

Ventaja competitiva

Escala · Estrecha

Building a second set of power plants and wires to compete for the same customers would be prohibitively expensive, so Alliant effectively holds a monopoly within its service territory. That advantage is narrow rather than wide because regulators, not the market, decide how much profit the company is allowed to keep on the capital it deploys.

Qué impulsa la demanda

Defensivo

Households and businesses need electricity and gas regardless of the economic cycle, so volumes are stable and driven mainly by weather rather than by consumer spending or industrial activity. The main swing factor is temperature: a mild winter or summer reduces heating and cooling demand and can dent a given year's results.

Riesgos clave

  • Outcome of rate cases — Earnings growth depends on state regulators approving rate increases that let Alliant recover its investments and earn its allowed return; a less favorable or delayed decision slows growth directly.
  • Large, ongoing capital spending — The company has a multi-year plan of heavy investment in renewable generation and grid upgrades; higher interest rates or construction cost inflation raise the price of that program and pressure returns.
  • Weather dependence — Unusually mild seasons reduce heating and cooling demand and can lower revenue in a given period, independent of the underlying customer base.
  • Environmental and climate regulation — Evolving rules on emissions and the pace of the shift away from fossil generation create uncertainty about future compliance costs and the value of existing plants.

Los argumentos a favor

Buyers argue that a regulated monopoly with a clear, multi-year investment plan in renewables and grid modernization offers predictable earnings growth as new capital enters the rate base, with limited exposure to economic downturns.

Los argumentos en contra

Sellers fear that regulators will push back on the size or pace of rate increases needed to fund the capital plan, and that persistently higher interest rates raise financing costs faster than allowed returns can adjust.

Written by the editors, published on 18 de agosto de 2026

Direct competitors

Who this company fights with for the same customers

No editorial profile for this company yet

No competitor list for this company yet.

Balance y Liquidez

Ingresos

$4.42B

Últimos 12 meses (hasta 31/3/2026)

Beneficio Neto

$821M

Últimos 12 meses (hasta 31/3/2026)

Flujo de Caja Libre

-

Patrimonio Neto Total

$7.33B

Pasivo Total

$17.66B

Ratio de Liquidez

0.69

Cobertura de Intereses

1.90

Deuda/EBITDA

6.56

Beneficio Por Acción

Ingresos y Beneficio Neto

Flujo de Caja Libre

Desglose de Ingresos

Estado histórico

Márgenes en el tiempo

La deuda en el tiempo

Cuánto pesa la deuda

Cuadro de crecimiento

Crecimiento — Ingresos

Estimación de Valor Justo

Sobrevalorado

Valor Justo

$51.46

Precio Actual

$68.50

Margen de Seguridad

-33.1%

Rango de Valor Justo

$33.45 - $69.47

Métodos de Estimación

Analyst Target:$78.54
DCF:$9.62
PE-based:$62.71
Graham Growth:$49.22
EPV:$37.09
Consenso de Analistas:Comprar (12B / 7H / 0S)
Última Sorpresa de Resultados:+9.06%

Métricas de Valoración

Ratio P/E

21.52

ROE

11.0%

Ratio P/B

2.38

P/FCF

-

Margen Bruto

85.8%

ROIC

3.5%

Radar de Rentabilidad

Value Creation (Economic Moat)

ROIC

3.5%

WACC

6.1%

ROIC − WACC

-2.6 pp

ROIC is below the cost of capital — the company is destroying value for every dollar invested.

Criterios de Análisis Fundamental

Superado (16)

  • EPS shows upward trend
  • Price CAGR 6.00%
  • Gross Margin 85.8%
  • P/B Ratio 2.38
  • Debt/Equity ratio
  • Operating Margin 23.0%
  • Interest Coverage
  • Return on Tangible Assets
  • Low reliance on intangibles
  • ROE 11.0%
  • Revenue Growth 5Y 5.1%
  • Analyst Consensus 63% Buy
  • Earnings Quality (OCF/NI) 1.57
  • Share Dilution 0.6%
  • Net Margin Trend 18.6% vs 18.3%
  • Piotroski F-Score 7/9

Fallido (8)

  • EPS CAGR 1.09%
  • ROIC 3.5%
  • Current Ratio
  • Debt/EBITDA
  • Price below Graham Number
  • DCF valuation (Overvalued)
  • Earnings Surprise avg 1.2%
  • PEG Ratio 4.86

No disponible (4)

  • P/FCF NaN
  • Dividend Payout NaN%
  • Positive Free Cash Flow
  • CapEx intensity

Piotroski F-Score

7/9

Solidez financiera fuerte

score
criteria

Calidad de los Beneficios

1.57

Alta calidad: beneficios respaldados por efectivo

Dilución de Acciones

0.6%

El número de acciones es estable

Gobernanza

Equipo Directivo

NombreCargoEdad
Ms. Lisa M. BartonPresident, CEO & Director59
Mr. Robert J. Durian CPAExecutive VP & CFO54
Mr. Rajagopalan SundararajanExecutive VP & Chief Strategy Officer50
Mr. Antonio P. SmythExecutive Vice President of Power Generation & Gas Strategy48
Mr. Dylan M. SyseChief Accounting Officer & Controller39
Ms. Melissa A. KehoeVice President of Strategic Financial Planning & Investor Relations40
Ms. Amy L. CralamVP & General Counsel-
Ms. Aimee L. DavisVice President of Marketing, Communications & Customer Operations52
Ms. Amy E. BestSenior VP & Chief Human Resources Officer-
Ms. Mayuri N. FarlingerPresident of Iowa Energy & VP of Energy Delivery42

Riesgo de Auditoría

5

Riesgo del Consejo

1

Riesgo de Compensación

1

Riesgo de Derechos del Accionista

3

Parte 2 · El precio y el momento de entrar

Esta parte no sirve para saber si la empresa vale: sirve para elegir cuándo comprarla, una vez que los fundamentales te han convencido. Dentro: análisis técnico, potencial, caídas históricas, exposición gamma.

Latest News

Recent headlines for LNT, sourced from Markets Gazette.

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