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All You Need to Know About Alliant Energy (LNT) Rating Upgrade to Buy
ZACKS· 2024-07-23 17:00
Core Viewpoint - Alliant Energy (LNT) has been upgraded to a Zacks Rank 2 (Buy), indicating a positive outlook on its earnings estimates and potential stock price increase [1][2][15] Earnings Estimates - Analysts have raised their earnings estimates for Alliant Energy, with the Zacks Consensus Estimate increasing by 0.2% over the past three months [5] - For the fiscal year ending December 2024, Alliant Energy is expected to earn $3.08 per share, reflecting a 9.2% increase from the previous year [9] Zacks Rating System - The Zacks Rank system classifies stocks based on earnings estimates, with only the top 20% of stocks receiving a 'Strong Buy' or 'Buy' rating, indicating superior earnings estimate revisions [10][15] - The Zacks rating system has a strong track record, with Zacks Rank 1 stocks generating an average annual return of +25% since 1988 [4] Market Implications - The upgrade in Zacks Rank suggests that Alliant Energy's improving business trend could lead to higher stock prices as investors respond positively [3][15] - There is a strong correlation between earnings estimate revisions and near-term stock price movements, influenced by institutional investors [7][8]
Alliant Energy(LNT) - 2024 Q1 - Quarterly Report
2024-05-03 15:56
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Name of Registrant, State of Incorporation, Address of Principal Executive Offices, Telephone Number, Commission File Number, IRS Employer Identific ...
Alliant Energy(LNT) - 2024 Q1 - Earnings Call Presentation
2024-05-03 14:05
Cautionary Statements 2024 Q1 Earnings Call Alliant Energy: Proven Success Unlocking Growth, Reliability & Customer Value | --- | --- | --- | --- | |-------|----------------------------------------------------------|-------|-------------------------------------------------------------| | | Strong Balance Sheet No material new equity \nrequired | | Over 3 GW of renewable resources | | | | | | | | Top tier reliability 27% of distribution is underground | | Strong economic development program to attract custom ...
Alliant Energy(LNT) - 2024 Q1 - Quarterly Results
2024-05-02 22:06
Exhibit 99.1 Alliant Energy Corporation Corporate Headquarters 4902 North Biltmore Lane Madison, WI 53718-2148 www.alliantenergy.com News Release FOR IMMEDIATE RELEASE Media Hotline: (608) 458-4040 Investor Relations: Susan Gille (608) 458-3956 ALLIANT ENERGY ANNOUNCES FIRST QUARTER 2024 RESULTS MADISON, Wis. - May 2, 2024 - Alliant Energy Corporation (NASDAQ: LNT) today announced U.S. generally accepted accounting principles (GAAP) consolidated unaudited earnings per share (EPS) for the three months ended ...
Alliant Energy (LNT) to Report Q1 Earnings: What's in Store?
Zacks Investment Research· 2024-04-30 12:51
Alliant Energy (LNT) is scheduled to release first-quarter 2024 results on May 2, after market close. The company delivered a negative earnings surprise of 12.7% in the last reported quarter.Let’s discuss the factors that are likely to be reflected in the upcoming quarterly results.Factors to ConsiderThe first quarter witnessed the start of electricity production from Alliant Energy's largest solar project in Iowa, which has a capacity of 4.5 megawatts (MW). A total of 50 MW of solar project in Iowa came on ...
Alliant Energy(LNT) - 2023 Q4 - Annual Report
2024-02-16 19:05
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Name of Registrant, State of Incorporation, Address of Principal Executive Offices, Telephone Number, Commission File Number, IRS Employer Identification ...
Alliant Energy(LNT) - 2023 Q3 - Earnings Call Transcript
2023-11-04 00:15
Financial Data and Key Metrics Changes - The company reported third quarter non-GAAP earnings of $1.05 per share, an increase from $0.93 per share in the same quarter of 2022, primarily due to higher revenue requirements and lower operating and maintenance expenses [28][53] - The 2023 earnings guidance has been narrowed to a range of $2.85 per share to $2.93 per share, reflecting strong earnings growth from solar projects and lower operating expenses [53][54] Business Line Data and Key Metrics Changes - The company has made significant progress in its energy storage plans, including commissioning its first microgrid project and securing regulatory approvals for multiple battery storage projects [11][22] - Approximately 55% of the company's investments over the next four years will be in generation, demonstrating a commitment to a diverse and clean energy future [23] Market Data and Key Metrics Changes - The company expects to bring approximately 600 megawatts of solar online in Wisconsin by year-end and has advanced plans for 400 megawatts of solar in Iowa [22][46] - Temperature-normalized electric sales through the first three quarters of 2023 are tracking in line with sales for the same period in 2022, indicating stability across customer classes [29] Company Strategy and Development Direction - The company is focused on enhancing customer value while controlling costs, with a long-term earnings growth target of 5% to 7% [4][30] - The updated capital investment forecast through 2027 includes an increase of nearly $600 million compared to previous plans, emphasizing investments in renewable energy and grid resiliency [17][47] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving long-term earnings guidance for the 14th consecutive year, citing effective cost management and project execution [42] - The company is well-positioned to capture benefits from the Inflation Reduction Act, which will improve cash flows and reduce future financing needs [31][32] Other Important Information - The company has successfully completed a $300 million debt issuance to finance solar generation projects and plans to raise approximately $250 million in equity for 2023 [55][56] - The Iowa Department of Revenue announced a corporate state tax rate reduction, which will enable the company to pass savings onto customers [52] Q&A Session Summary Question: Can you provide insights into tax credit opportunities for 2025 and 2026? - Management indicated that financing plans through 2027 will be supported by cash flows from operations and tax credit monetization, minimizing the need for common equity [62] Question: How is the company tracking within the narrowed 2023 guidance? - Management feels comfortable with the guidance range, attributing it to sales performance, capital execution, and regulatory decisions [68] Question: What is the outlook for future rate requests? - The company aims to keep rate increases similar to cost of living adjustments, focusing on affordability while adding zero fuel cost resources [106][107] Question: How does the company view the settlement process in Wisconsin? - Management remains optimistic about the settlement process, emphasizing transparency and engagement with stakeholders [108] Question: What are the expectations for load growth in fiscal year 2024? - Management noted that they are tracking towards the midpoint of their guidance, with favorable weather conditions contributing positively [89]
Alliant Energy(LNT) - 2023 Q3 - Earnings Call Presentation
2023-11-03 16:52
Alliant Energy Corporation 2023 Third Quarter Earnings Call November 3, 2023 2 2024 Earnings Drivers 2024 midpoint of $3.06 EPS represents 6% growth from 2023 adjusted guidance 2024 common stock dividend target represents a 6% growth from 2023 dividends • Higher depreciation expense • Higher financing costs 2024 Dividend Target: $1.92 6% growth over 2023 Forward-looking Statements The information regarding forecasted earnings per share, forecasted dividend levels, forecasted effective income tax rates, capi ...
Alliant Energy(LNT) - 2023 Q3 - Quarterly Report
2023-11-03 15:54
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Name of Registrant, State of Incorporation, Address of Principal Executive Offices, Telephone Number, Commission File Number, IRS Employer Ident ...
Alliant Energy(LNT) - 2023 Q2 - Earnings Call Transcript
2023-08-04 20:11
Alliant Energy Corporation (NASDAQ:LNT) Q2 2023 Results Conference Call August 4, 2023 10:00 AM ET Company Participants Susan Gille - Manager of IR John Larsen - Chairman and CEO Lisa Barton - President and COO Robert Durian - Executive VP and CFO Conference Call Participants Dariusz Lozny - Bank of America Alex Mortimer - Mizuho Securities James Kennedy - Guggenheim Operator Good morning, and welcome to Alliant Energy's Conference Call for Second Quarter 2023 Results. This call is being recorded for rebroa ...