Welcome to our dedicated page for Alliant Energy Corporation news (Ticker: LNT), a resource for investors and traders seeking the latest updates and insights on Alliant Energy Corporation stock.
Alliant Energy Corporation (LNT) is a utility holding company that provides regulated electricity and natural gas services. The company operates through three main segments: Utility Electric Operations, Utility Gas Operations, and Utility Other. As the parent company of Interstate Power and Light and Wisconsin Power and Light, Alliant Energy serves nearly 1 million electric customers and 425,000 natural gas-only customers.
Utility Electric Operations involves the generation and distribution of electricity to homes and businesses. Their diverse energy mix includes coal, natural gas, and renewable energy sources such as wind and solar. The Utility Gas Operations segment focuses on the distribution and transportation of natural gas, ensuring reliable delivery to customers.
Alliant Energy is committed to sustainability and reducing its carbon footprint. The company has made significant strides in renewable energy projects and aims to transition towards cleaner energy solutions. Recent achievements include expanding their wind and solar energy capabilities and modernizing their electric grid to enhance efficiency and reliability.
Financially, Alliant Energy maintains a strong position with steady revenue growth and a robust balance sheet. They have a 16% interest in American Transmission Co., which plays a crucial role in the energy transmission infrastructure.
Partnerships with other energy companies and technological advancements are key to Alliant Energy's strategy. They continue to invest in smart grid technology and infrastructure improvements to meet the growing energy demands and ensure customer satisfaction.
With continuous projects aimed at enhancing their energy services, Alliant Energy remains a significant player in the utilities sector, committed to providing reliable and sustainable energy solutions to its customers.
Alliant Energy Corporation (NASDAQ: LNT) has appointed Stephanie Cox as an independent director, effective February 11, 2023. She brings over 30 years of energy sector experience, having previously served at John Wood Group PLC and Schlumberger Limited. The appointment comes as Dean Oestreich retires from the Board. Alliant Energy aims to leverage Cox's expertise in P&L management, risk management, and corporate ESG initiatives to boost its Clean Energy Blueprint and enhance service reliability for its customers across the Midwest. The Board will now include nine independent directors, with 50% being women.
Alliant Energy Corporation (NASDAQ: LNT) updates its earnings guidance for 2022, increasing it to $2.76 - $2.83 per share and providing a 2023 range of $2.82 - $2.96. The company also anticipates a 6% increase in its annual common stock dividend target, now set at $1.81 per share. Capital expenditure projections for 2023-2026 have risen to $8.5 billion. The company's operations showed a GAAP EPS of $0.90 for Q3 2022, down from $1.02 in Q3 2021, primarily due to higher interest and income tax expenses.
Alliant Energy has announced a $4 million donation to its Hometown Care Energy Fund, aimed at assisting financially struggling customers with their energy bills. Customers may apply for up to $500 annually to help manage their energy costs. In collaboration with nonprofit organizations, the funds will be distributed across Iowa and Wisconsin, supporting eligible customers. The initiative seeks to aid those in need while encouraging community contributions. Additionally, Alliant Energy promotes the Low-Income Home Energy Assistance Program (LIHEAP) for further financial support.
The Alliant Energy Corporation (NASDAQ: LNT) has declared a quarterly cash dividend of $0.4275 per share, set to be paid on November 15, 2022, for shareholders on record as of October 31, 2022. The company has maintained dividend payments for 308 consecutive quarters since 1946, reflecting strong financial stability. Alliant Energy serves 985,000 electric and 425,000 natural gas customers in Iowa and Wisconsin.
Alliant Energy Corporation (NASDAQ: LNT) has scheduled its third quarter 2022 earnings release for November 7, 2022, after market close. A conference call to discuss the results will take place on November 8, 2022, at 9 a.m. CT. Investors can join the call by dialing (800) 458-4121 for U.S. and Canada or (323) 794-2093 internationally. The conference will be hosted by CEO John Larsen and CFO Robert Durian, and it will be webcast live. A replay will be available until November 15, 2022. Alliant serves 985,000 electric and 425,000 natural gas customers in Iowa and Wisconsin.
Alliant Energy plans to enhance energy storage capacity in Wisconsin by adding 175 megawatts (MW) of battery storage. This initiative, filed on Sept. 30, 2022, with the Public Service Commission of Wisconsin, includes projects in Grant and Wood counties, complementing existing solar arrays. The Grant County project aims to provide energy for over 100,000 homes for four hours, while the Wood County project targets over 80,000 homes. Pending approvals, construction is expected to start in 2023 and be operational by Fall 2025.
Wisconsin Power and Light Company (WPL), a subsidiary of Alliant Energy (LNT), has priced a public offering of $600 million in 3.950% debentures due on September 1, 2032. Proceeds from the offering will be allocated for developing and acquiring solar electric generating units. The offering, expected to close on August 15, 2022, is managed by a group of underwriters including Goldman Sachs and J.P. Morgan. This press release also highlights that it does not constitute an offer to sell securities in unauthorized jurisdictions.
Alliant Energy Corporation (NASDAQ: LNT) reported second quarter 2022 GAAP earnings of $0.63 per share, up from $0.57 in 2021. The utility segment generated $0.61 per share, driven by higher allowance for funds used during construction, improved sales, and effective cost management, which offset increased interest expenses. The company remains on track to meet its earnings guidance for 2022, projected between $2.67 and $2.81 per share. The first Wisconsin solar project is expected to commence soon, reinforcing its Clean Energy Blueprint.
Alliant Energy released its 2022 Corporate Responsibility Report, detailing its commitment to Environmental, Social and Governance (ESG) principles. The report includes a Climate Report showcasing goals for carbon dioxide reduction and a target for net-zero emissions by 2050. Key initiatives include planting one million trees by 2030, with over 120,000 trees planted in the first year. The report highlights Alliant Energy's dedication to community support, diversity, and sustainability, reinforcing its focus on cleaner energy and social responsibility.
Alliant Energy Corporation (LNT) has announced its second quarter 2022 earnings release set for August 4, 2022, after market close. A conference call to discuss the results will follow on August 5 at 9 a.m. CT. The event will be accessible via a live webcast on the company’s investor relations website. Alliant Energy operates across Iowa and Wisconsin, providing services to approximately 985,000 electric and 425,000 natural gas customers. The company emphasizes its commitment to delivering safe and efficient energy solutions.
FAQ
What is the current stock price of Alliant Energy Corporation (LNT)?
What is the market cap of Alliant Energy Corporation (LNT)?
What services does Alliant Energy Corporation provide?
How many customers does Alliant Energy serve?
What are the main segments of Alliant Energy's operations?
What renewable energy projects is Alliant Energy involved in?
What is Alliant Energy's interest in American Transmission Co.?
How is Alliant Energy modernizing its electric grid?
What is the financial condition of Alliant Energy?
What companies are subsidiaries of Alliant Energy?
What is Alliant Energy's approach to sustainability?
What types of energy sources does Alliant Energy utilize?
