Welcome to our dedicated page for Alliant Energy news (Ticker: LNT), a resource for investors and traders seeking the latest updates and insights on Alliant Energy 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 (NASDAQ: LNT) has announced new leadership appointments aimed at enhancing customer experiences and driving the clean energy transition. Barbara Tormaschy has been promoted to Senior Vice President overseeing sustainability, while Michael Luhrs joins as Senior Vice President for customer experience. Tormaschy, who previously served as Treasurer, will lead the company's environmental, social, and governance (ESG) initiatives. Luhrs brings over 20 years of experience from Duke Energy to enhance customer satisfaction and corporate strategy.
Alliant Energy contributed $11.5 million and volunteered 75,000 hours in 2021 to support communities in Iowa and Wisconsin. Key initiatives included Impact Grants of over $1.9 million to 40 organizations, a $4 million donation to the Hometown Care Energy Fund, and the One Million Trees initiative aimed at planting over a million trees by 2030. These efforts also included addressing hunger through fundraising that provided nearly 2 million meals and awarding $120,000 in scholarships to local students.
Alliant Energy Finance, LLC, a subsidiary of Alliant Energy Corporation (NASDAQ: LNT), has announced a private offering of $350 million in 3.600% senior unsecured notes due March 1, 2032. The offering is aimed at reducing outstanding commercial paper and for general corporate purposes. The closing is anticipated on February 28, 2022, subject to customary conditions. The notes are being offered to qualified institutional buyers under Rule 144A and to non-U.S. persons under Regulation S, without registration under the Securities Act.
Alliant Energy Corporation (NASDAQ: LNT) reported a 7% increase in non-GAAP EPS to $2.58 for 2021 from $2.42 in 2020. The company announced updated 2022 earnings guidance ranging from $2.67 to $2.81 per share, alongside planned net capital expenditures of $6.1 billion from 2022 to 2025, with an additional $300 million investment. Utilities and Corporate Services generated $2.52 per share in GAAP EPS for 2021, driven by increased rate base and improved sales post-COVID-19. The company achieved its 19th consecutive year of dividend growth.
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.
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