Is Alliant Energy Stock Underperforming the Dow?

Company Overview - Alliant Energy Corporation (LNT) is a utility holding company based in Madison, Wisconsin, providing regulated electricity and natural gas services with a market cap of $16.5 billion, serving nearly 1 million electric and 425,000 natural gas retail customers across Iowa and Wisconsin [1]. Stock Performance - LNT reached an all-time high of $67.11 on August 22 and is currently trading 4.3% below that peak, with a 6.1% gain over the past three months, underperforming the Dow Jones Industrial Average's 9.9% increase during the same period [3]. - Year-to-date, LNT has gained 8.6% and 7.5% over the past 52 weeks, compared to the Dow's 9% and 10.3% increases respectively [4]. Financial Results - In Q2, Alliant Energy reported a topline of $961 million, reflecting a 7.5% year-over-year increase, although it fell 2.7% short of analysts' expectations. The company's EPS surged by 100% year-over-year to $0.68, exceeding consensus estimates by 9.7% [5]. Competitive Position - Alliant has outperformed its peer, Public Service Enterprise Group Incorporated (PEG), which saw a 3.3% dip in 2025 and a 5.8% decline over the past year [6]. - Among 11 analysts covering LNT, the consensus rating is a "Moderate Buy," with a mean price target of $68.67, indicating a 6.9% upside potential from current price levels [6].