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 announced its year-end 2021 earnings release set for February 17, 2022, after market close. A conference call to discuss the results will take place on February 18, 2022, at 9 a.m. CT, hosted by CEO John Larsen and CFO Robert Durian. Investors can join the call by phone or via a live webcast on the company's investor website. A replay will be available until February 25, 2022. Alliant Energy serves 975,000 electric and 420,000 natural gas customers in Iowa and Wisconsin.
The Alliant Energy Corporation (NASDAQ: LNT) Board of Directors has declared a quarterly cash dividend of $0.4275 per share, payable on February 15, 2022, to shareholders of record as of January 31, 2022. This marks a significant milestone, with dividends paid for 305 consecutive quarters since 1946. Alliant Energy serves 975,000 electric and 420,000 natural gas customers in Iowa and Wisconsin, affirming its commitment to delivering reliable energy solutions.
Alliant Energy's Iowa utility, Interstate Power and Light Company (IPL), has announced a final dividend of $0.31875 per share for its 5.1% Series D Cumulative Preferred Stock, payable on December 15, 2021. Shareowners must be on record by November 30, 2021. Additionally, IPL plans to redeem all 8,000,000 outstanding shares of the Series D Preferred Stock at $25 per share, excluding the scheduled dividend payment.
Alliant Energy (NASDAQ: LNT) serves over 975,000 electric and 420,000 natural gas customers across Iowa and Wisconsin.
Interstate Power and Light Company, a subsidiary of Alliant Energy (NASDAQ: LNT), has announced the pricing of a public offering of $300 million in 3.100% senior debentures, maturing on November 30, 2051. The proceeds will fund the redemption of 5.100% Series D Cumulative Perpetual Preferred Stock and support general corporate purposes. The offering is expected to close on November 19, 2021, pending customary conditions. Underwriters include major firms like Goldman Sachs and J.P. Morgan.
Alliant Energy reported Q3 2021 GAAP EPS of $1.02, up from $0.98 in Q3 2020, driven by higher earnings from its utilities and corporate services. The company narrowed and raised its 2021 EPS guidance to $2.61 - $2.67 and issued a 2022 guidance of $2.65 - $2.79. A 6% increase in the common stock dividend target was approved, raising it to $1.71 for 2022. However, non-utility operations reported a loss of ($0.02) EPS. The company's projected net capital expenditures from 2021 to 2025 increased to $7 billion.
Alliant Energy has filed with the Iowa Utilities Board (IUB) to acquire 200 MW of solar energy and 75 MW of battery storage from the Duane Arnold Solar Project of NextEra Energy Resources. This initiative is part of its plan to develop 400 MW of solar generation in Iowa by 2024. Upon completion, Alliant Energy will be the largest operator of solar and battery storage in the state, contributing an estimated economic impact of $260 million, and creating 200 construction jobs. This aligns with its Clean Energy Blueprint, boosting renewable resources to nearly 50% by 2025.
Alliant Energy Corporation (NASDAQ: LNT) has declared a quarterly cash dividend of $0.4025 per share, set to be paid on November 15, 2021, to shareholders of record as of November 1, 2021. The company has maintained a consistent dividend payout for 304 consecutive quarters since 1946. This reflects Alliant Energy's commitment to delivering reliable energy services to 975,000 electric and 420,000 natural gas customers across Iowa and Wisconsin, showcasing their emphasis on safety, efficiency, and responsibility.
Alliant Energy Corporation (NASDAQ: LNT) has announced the scheduling of its third quarter 2021 earnings release on November 4th, after market close. A conference call for discussing the results will be held on November 5th at 9 a.m. CT, which will be available for live webcast. Alliant Energy serves approximately 975,000 electric and 420,000 natural gas customers in Iowa and Wisconsin, emphasizing its commitment to provide reliable energy solutions.
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