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LNT

Alliant EnergyNasdaqGS:LNT Stock Report

Market Cap

US$14.3b

7D

-1.2%

1Y

11.2%

Updated

25 Sep, 2021

Data

Company Financials +
LNT fundamental analysis
Snowflake Score
Valuation0/6
Future Growth1/6
Past Performance3/6
Financial Health0/6
Dividends5/6

LNT Overview

Alliant Energy Corporation operates as a utility holding company that provides regulated electricity and natural gas services in the Midwest region of the United States.

Alliant Energy Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Alliant Energy
Historical stock prices
Current Share PriceUS$57.11
52 Week HighUS$45.99
52 Week LowUS$62.35
Beta0.34
1 Month Change-5.74%
3 Month Change-0.035%
1 Year Change11.22%
3 Year Change34.16%
5 Year Change49.07%
Change since IPO371.01%

Recent News & Updates

Sep 02
Investors Met With Slowing Returns on Capital At Alliant Energy (NASDAQ:LNT)

Investors Met With Slowing Returns on Capital At Alliant Energy (NASDAQ:LNT)

If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...

Jul 19
Is Alliant Energy Corporation (NASDAQ:LNT) Worth US$58.6 Based On Its Intrinsic Value?

Is Alliant Energy Corporation (NASDAQ:LNT) Worth US$58.6 Based On Its Intrinsic Value?

Today we will run through one way of estimating the intrinsic value of Alliant Energy Corporation ( NASDAQ:LNT ) by...

Jul 11

Why Alliant Energy Remains A Fair Buy

Alliant Energy's non-GAAP EPS payout ratio is positioned to remain the same from 2020 to 2021, using the company's midpoint guidance for 2021. Despite more significant COVID headwinds in Q1 2021 than Q1 2020, Alliant Energy's total revenue only fell 1.6% year-over-year and non-GAAP EPS declined 5.6%. Although Alliant Energy's interest coverage ratio declined from 2.2 in Q1 2020 to 2.1 in Q1 2021, this was solely due to a slight decline in EBIT. Alliant Energy is a high-quality business, essentially trading at fair value based on my inputs into the discounted cash flows model and dividend discount model. Alliant Energy's 2.9% yield, 6.0-7.0% annual earnings growth potential, and static valuation multiple make it likely that the company will deliver 9-10% annual total returns over the next decade.

Jul 02
Does Alliant Energy (NASDAQ:LNT) Have A Healthy Balance Sheet?

Does Alliant Energy (NASDAQ:LNT) Have A Healthy Balance Sheet?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...

Shareholder Returns

LNTUS Electric UtilitiesUS Market
7D-1.2%-1.3%0.1%
1Y11.2%13.3%35.3%

Return vs Industry: LNT underperformed the US Electric Utilities industry which returned 13.3% over the past year.

Return vs Market: LNT underperformed the US Market which returned 35.3% over the past year.

Price Volatility

Is LNT's price volatile compared to industry and market?
LNT volatility
LNT Beta0.34
Industry Beta0.43
Market Beta1

Stable Share Price: LNT is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: LNT's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19813,375John Larsenhttps://www.alliantenergy.com

Alliant Energy Corporation operates as a utility holding company that provides regulated electricity and natural gas services in the Midwest region of the United States. It operates in 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 Fundamentals Summary

How do Alliant Energy's earnings and revenue compare to its market cap?
LNT fundamental statistics
Market CapUS$14.29b
Earnings (TTM)US$625.00m
Revenue (TTM)US$3.46b

22.9x

P/E Ratio

4.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
LNT income statement (TTM)
RevenueUS$3.46b
Cost of RevenueUS$1.95b
Gross ProfitUS$1.51b
ExpensesUS$884.00m
EarningsUS$625.00m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)2.50
Gross Margin43.68%
Net Profit Margin18.09%
Debt/Equity Ratio121.5%

How did LNT perform over the long term?

See historical performance and comparison

Dividends

2.8%

Current Dividend Yield

63%

Payout Ratio

Valuation

Is Alliant Energy undervalued compared to its fair value and its price relative to the market?

22.87x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: LNT ($57.11) is trading above our estimate of fair value ($47.27)

Significantly Below Fair Value: LNT is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: LNT is poor value based on its PE Ratio (22.9x) compared to the US Electric Utilities industry average (21.5x).

PE vs Market: LNT is poor value based on its PE Ratio (22.9x) compared to the US market (17.9x).


Price to Earnings Growth Ratio

PEG Ratio: LNT is poor value based on its PEG Ratio (3.4x)


Price to Book Ratio

PB vs Industry: LNT is overvalued based on its PB Ratio (2.5x) compared to the US Electric Utilities industry average (1.9x).


Future Growth

How is Alliant Energy forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

6.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: LNT's forecast earnings growth (6.7% per year) is above the savings rate (2%).

Earnings vs Market: LNT's earnings (6.7% per year) are forecast to grow slower than the US market (14.8% per year).

High Growth Earnings: LNT's earnings are forecast to grow, but not significantly.

Revenue vs Market: LNT's revenue (4.6% per year) is forecast to grow slower than the US market (9.8% per year).

High Growth Revenue: LNT's revenue (4.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: LNT's Return on Equity is forecast to be low in 3 years time (11.4%).


Past Performance

How has Alliant Energy performed over the past 5 years?

12.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: LNT has high quality earnings.

Growing Profit Margin: LNT's current net profit margins (18.1%) are higher than last year (18.1%).


Past Earnings Growth Analysis

Earnings Trend: LNT's earnings have grown by 12% per year over the past 5 years.

Accelerating Growth: LNT's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: LNT had negative earnings growth (-2.5%) over the past year, making it difficult to compare to the Electric Utilities industry average (1.6%).


Return on Equity

High ROE: LNT's Return on Equity (10.4%) is considered low.


Financial Health

How is Alliant Energy's financial position?


Financial Position Analysis

Short Term Liabilities: LNT's short term assets ($899.0M) do not cover its short term liabilities ($1.6B).

Long Term Liabilities: LNT's short term assets ($899.0M) do not cover its long term liabilities ($10.3B).


Debt to Equity History and Analysis

Debt Level: LNT's debt to equity ratio (121.5%) is considered high.

Reducing Debt: LNT's debt to equity ratio has increased from 103.4% to 121.5% over the past 5 years.

Debt Coverage: LNT's debt is not well covered by operating cash flow (5.3%).

Interest Coverage: LNT's interest payments on its debt are not well covered by EBIT (2.6x coverage).


Balance Sheet


Dividend

What is Alliant Energy current dividend yield, its reliability and sustainability?

2.82%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: LNT's dividend (2.82%) is higher than the bottom 25% of dividend payers in the US market (1.33%).

High Dividend: LNT's dividend (2.82%) is low compared to the top 25% of dividend payers in the US market (3.6%).


Stability and Growth of Payments

Stable Dividend: LNT's dividends per share have been stable in the past 10 years.

Growing Dividend: LNT's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (62.6%), LNT's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: LNT's dividends in 3 years are forecast to be covered by earnings (62.3% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.6yrs

Average management tenure


CEO

John Larsen (57 yo)

2.17yrs

Tenure

US$11,020,134

Compensation

Mr. John O. Larsen serves as Director at CUNA Mutual Holding Company since April 1, 2021. Mr. Larsen has been the President at Alliant Energy Corporation since January 1, 2018 and has been its Chairman and...


CEO Compensation Analysis

Compensation vs Market: John's total compensation ($USD11.02M) is about average for companies of similar size in the US market ($USD11.36M).

Compensation vs Earnings: John's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Leadership Team

Experienced Management: LNT's management team is considered experienced (2.6 years average tenure).


Board Members

Experienced Board: LNT's board of directors are considered experienced (6.2 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Alliant Energy Corporation's employee growth, exchange listings and data sources


Key Information

  • Name: Alliant Energy Corporation
  • Ticker: LNT
  • Exchange: NasdaqGS
  • Founded: 1981
  • Industry: Electric Utilities
  • Sector: Utilities
  • Market Cap: US$14.292b
  • Shares outstanding: 250.26m
  • Website: https://www.alliantenergy.com

Number of Employees


Location

  • Alliant Energy Corporation
  • 4902 N. Biltmore Lane
  • Madison
  • Wisconsin
  • 53718
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/25 22:13
End of Day Share Price2021/09/24 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.