LNT · NASDAQ · Regulated Electric

Alliant Energy (LNT)

Provides regulated electricity and natural gas service across Iowa and Wisconsin.

$63.80
vs last close−0.82 (−1.27%)
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Alliant Energy CorporationLNT
Utilities

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

CEOLisa M. Barton
ListedJan 5, 1988
ExchangeNASDAQ
HeadquartersMadison, WI
CountryUnited States
Employees2,948
CIK0000352541
ISINUS0188021085

Market cap$16.69B
EPS (ttm)$3.16
P/E (ttm)20.45
ROE11.0%
P/B2.22
P/S3.77
Dividend yieldDiv yield3.27%
Beta−0.08vs XLU 0.90

Price target$75.50+16.8%Average of 23 analysts
ConsensusBuy12 of 23 analysts
Ratings

Target rangeAs of Sep 22, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Aug 27, 2026JefferiesReiterate
Rating: Target: $78
Rating: BuyTarget: $80
Aug 3, 2026Mizuho SecuritiesTarget
Target: $76
Target: $75
Jul 15, 2026BMO CapitalReiterate
Rating: Target: $81
Rating: OutperformTarget: $83
Jul 7, 2026Cowen & Co.Initiate
Rating:
Rating: Hold
May 4, 2026ScotiabankReiterate
Rating: Target: $64
Rating: Sector PerformTarget: $74

Next report
Nov 5, 26
in 43 days
EPS estimate
$1.21
Revenue estimate
$1.29B
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Feb '25May '25Aug '25Nov '25Feb '26Apr '26Jul '26Nov '26
Reported$0.70$0.83$0.68$1.12$0.60$0.82$0.65Pending
Estimate$0.68$0.69$0.64$1.18$0.59$0.79$0.58$1.21
Surprise+2.8%+21.0%+5.9%−5.1%+2.4%+3.4%+12.3%

RevenueReportedEstimate

Feb '25May '25Aug '25Nov '25Feb '26Apr '26Jul '26Nov '26
Reported$976.0M$1.13B$961.0M$1.21B$1.06B$1.18B$971.0MPending
Estimate$870.1M$985.5M$887.2M$1.29B$706.2M$1.08B$896.9M$1.29B
Surprise+12.2%+14.5%+8.3%−6.1%+50.7%+10.1%+8.3%
Estimate$1.21
ReportedDue Nov 5, 2026
Estimate$1.29B
ReportedDue Nov 5, 2026
View details

Debt to equity161.00%
Current ratio46.60%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$1.08B$976.0M$1.13B$961.0M$1.21B$1.06B$1.18B$971.0M
Net income$295.0M$150.0M$213.0M$174.0M$281.0M$142.0M$224.0M$170.0M
Net margin27.3%15.4%18.9%18.1%23.2%13.3%18.9%17.5%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income$313.0M$221.0M$257.0M$223.0M$349.0M$196.0M$249.0M$185.0M
YoY growth−2.8%+20.8%+15.8%+71.5%+11.5%−11.3%−3.1%−17.0%

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
View details

Dividend yield
3.27%
Next ex-date
Oct 31, 26
estimated · in 38 days
Annual dividend
$2.11
per share
Schedule
Quarterly
4 payments a year

HistoryDividendAnnual yield

Oct '24Jan '25Apr '25Jul '25Oct '25Jan '26Apr '26Jul '26
Dividend$0.48$0.5075$0.5075$0.5075$0.5075$0.535$0.535$0.535
Annual yield3.20%3.31%3.24%3.08%3.04%3.12%2.84%2.98%
Ex-dateOct 31Jan 31Apr 30Jul 31Oct 31Jan 30Apr 30Jul 31
Payment dateNov 15Feb 18May 15Aug 15Nov 17Feb 17May 15Aug 17
View details

Institutions268.28%766.98M shares
897 holders · as of Jun 30, 2026
Insiders0.24%694.2K shares
11 holders · as of Aug 12, 2026
Adds to268.52%

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

HolderStakeSharesDate
BlackRock, Inc.Institution
26.22%24.99M · 24.99M · 24.99Mas of Jun 30, 2026
State Street CorpInstitution
18.44%17.57M · 17.57M · 17.57Mas of Jun 30, 2026
Vanguard Capital Management LLCInstitution
17.69%16.86M · 16.86M · 16.86Mas of Jun 30, 2026
Vanguard Portfolio Management LLCInstitution
15.10%14.39M · 14.39M · 14.39Mas of Jun 30, 2026
Price T Rowe Associates Inc /MD/Institution
12.08%11.52M · 11.52M · 11.52Mas of Jun 30, 2026

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Aug 10, 2026Robert J. Durianofficer: EVP and CFO−0$68.60
View details

  • 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

CompanyPriceChange
Alliant Energy$63.80−1.27%$16.69B20.418.43.8+1.0%
WEC Energy Group$101.74−1.06%$33.49B19.919.13.3+2.6%
Xcel Energy$70.93−1.57%$45.01B19.616.73.1−5.1%
Ameren$100.26−1.38%$28.13B17.918.33.2−5.8%
MGE Energy$71.38−1.82%$2.74B17.917.83.6+1.1%
Black Hills$70.97−1.11%$5.46B18.115.22.4+3.1%
Median18.117.83.2+1.1%