Alliant Energy (LNT)
Provides regulated electricity and natural gas service across Iowa and Wisconsin.
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Provides regulated electricity and natural gas service across Iowa and Wisconsin through Interstate Power and Light and Wisconsin Power and Light. Revenue comes mainly from electric utility rates, while state commissions and FERC govern prices, returns, and recoverable costs.
Provides regulated electricity and natural gas service through Interstate Power and Light in Iowa and Wisconsin Power and Light in Wisconsin. The utilities generate and distribute electricity and distribute and transport natural gas; the Wisconsin utility also sells power to wholesale customers.
Plans, builds, and operates generation, energy storage, electric distribution, and gas-system infrastructure to serve residential, commercial, and industrial demand. Most revenue comes from electric utility service; natural gas and a small collection of non-utility energy and logistics holdings round out the portfolio.
Earns primarily through approved tariffs and customer contracts, with investment returns and cost recovery governed by the Iowa Utilities Commission, Public Service Commission of Wisconsin, and FERC. The utilities rely on ITC and ATC for electric transmission service and participate in the MISO wholesale market.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 27, 2026 | Jefferies | Reiterate | Rating: —Target: $78 | Target: $80 |
| Aug 3, 2026 | Mizuho Securities | Target | Target: $76 | Target: $75 |
| Jul 15, 2026 | BMO Capital | Reiterate | Rating: —Target: $81 | Target: $83 |
| Jul 7, 2026 | Cowen & Co. | Initiate | Rating: — | |
| May 4, 2026 | Scotiabank | Reiterate | Rating: —Target: $64 | Target: $74 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $25.0M · Total debt $12.12B · Total assets $25.32B · Shareholders' equity $7.53B
- Revenue
- $971.0M
- Operating income
- $185.0M
- Net income
- $170.0M
HistoryDividendAnnual yield
| Institutions | 268.28% | 766.98M shares | |
|---|---|---|---|
| 897 holders · as of Jun 30, 2026 | |||
| Insiders | 0.24% | 694.2K shares | |
| 11 holders · as of Aug 12, 2026 | |||
| Adds to | 268.52% | ||
285.89M company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Two share counts disagree (285.89M in the company's Sep 23, 2026 report, 258.28M elsewhere); stakes use the report.
These groups come from separate filings that can overlap, so they add to 268.52%; nothing is left for Other.
This company has 3 share classes; every stake here is a share of the whole company.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 26.22% | 24.99M · 24.99M · 24.99M | as of Jun 30, 2026 |
State Street CorpInstitution | 18.44% | 17.57M · 17.57M · 17.57M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 17.69% | 16.86M · 16.86M · 16.86M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 15.10% | 14.39M · 14.39M · 14.39M | as of Jun 30, 2026 |
Price T Rowe Associates Inc /MD/Institution | 12.08% | 11.52M · 11.52M · 11.52M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 10, 2026 | Robert J. Durian | officer: EVP and CFO | −0 | $68.60 |
- WEC Energy Group
Closest Wisconsin electric and gas utility peer
- Xcel Energy
Upper Midwest utility peer with Wisconsin exposure
- Ameren
Midwest utility peer in grid, generation and load growth
- MGE Energy
Madison-area Wisconsin electric and gas utility peer
- Black Hills
Iowa gas utility overlap through Black Hills Energy
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Alliant Energy | $63.80 | −1.27% | $16.69B | 20.4 | 18.4 | 3.8 | +1.0% |
| WEC Energy Group | $101.74 | −1.06% | $33.49B | 19.9 | 19.1 | 3.3 | +2.6% |
| Xcel Energy | $70.93 | −1.57% | $45.01B | 19.6 | 16.7 | 3.1 | −5.1% |
| Ameren | $100.26 | −1.38% | $28.13B | 17.9 | 18.3 | 3.2 | −5.8% |
| MGE Energy | $71.38 | −1.82% | $2.74B | 17.9 | 17.8 | 3.6 | +1.1% |
| Black Hills | $70.97 | −1.11% | $5.46B | 18.1 | 15.2 | 2.4 | +3.1% |
| Median | 18.1 | 17.8 | 3.2 | +1.1% |







