Last $62.20 USD
Change Today +0.40 / 0.65%
Volume 272.4K
LNT On Other Exchanges
Symbol
Exchange
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As of 8:04 PM 11/26/14 All times are local (Market data is delayed by at least 15 minutes).

alliant energy corp (LNT) Snapshot

Open
$61.87
Previous Close
$61.80
Day High
$62.38
Day Low
$61.77
52 Week High
11/11/14 - $63.73
52 Week Low
01/6/14 - $50.00
Market Cap
6.9B
Average Volume 10 Days
495.2K
EPS TTM
$3.53
Shares Outstanding
110.9M
EX-Date
10/29/14
P/E TM
17.6x
Dividend
$2.04
Dividend Yield
3.28%
Current Stock Chart for ALLIANT ENERGY CORP (LNT)

alliant energy corp (LNT) Related Businessweek News

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alliant energy corp (LNT) Details

Alliant Energy Corporation, a utility holding company, provides regulated electricity and natural gas services to residential, commercial, and industrial customers in the Midwest region of the United States. The company, through its subsidiary, Interstate Power and Light Company (IPL), generates and distributes electricity, and distributes and transports natural gas in Iowa and southern Minnesota; and generates and distributes steam in Cedar Rapids, Iowa. Alliant Energy, through its subsidiary, Wisconsin Power and Light Company (WPL), generates and distributes electricity, and distributes and transports natural gas in southern and central Wisconsin. As of December, 31, 2013, IPL supplied electricity to 528,355 retail customers and natural gas to 234,563 retail customers; and WPL supplied electricity to 460,396 retail customers and natural gas to 182,647 retail customers. The company provides electric utility services to retail customers in food manufacturing, chemical, and paper industries. In addition, it holds investments in various businesses that provide freight services through a short-line railway between Cedar Rapids and Iowa City, Iowa; a barge terminal and hauling services on the Mississippi River; and other transfer and storage services. Further, it owns and leases a non-regulated natural gas-fired electric generating unit near Sheboygan Falls, Wisconsin; owns the non-regulated 99 MW Franklin County wind project located in Franklin County, Iowa; and holds investments in real estate and corporate airplanes businesses. The company was founded in 1917 and is headquartered in Madison, Wisconsin.

3,945 Employees
Last Reported Date: 02/25/14
Founded in 1917

alliant energy corp (LNT) Top Compensated Officers

Chairperson of The Board, Chief Executive Off...
Total Annual Compensation: $793.1K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $416.8K
Senior Vice President and President of WPL
Total Annual Compensation: $333.3K
Senior Vice President and General Counsel
Total Annual Compensation: $343.4K
Vice President of Human Resources
Total Annual Compensation: $284.6K
Compensation as of Fiscal Year 2013.

alliant energy corp (LNT) Key Developments

Alliant Energy Proposes Building New Natural Gas-Fueled Power Plant

Alliant Energy wants to build a new power plant in south-central Wisconsin. The company would build a natural gas-fueled power plant near Beloit that could generate 650 megawatts of electricity. That's sufficient to power more than 500,000 homes, at a cost of approximately $725 million to $775 million. Alliant will file the application early next year, and begin work in 2016, assuming it receives regulatory approval from the state Public Service Commission (PSC). On that timeline, the plant would be operational by 2019. The new plant would replace aging coal-fired generators in Cassville and Sheboygan, which will close at the end of 2015.

Alliant Energy Corporation Approves Increase to Annual Common Stock Dividend for 2015; Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Revised Earnings Guidance for 2014; Provides Earnings Guidance for 2015; Provides Capital Expenditures Guidance for 2016, 2017 and 2018

Alliant Energy Corporation Board of Directors approved an 8% increase, or $0.16 per share, to its 2015 expected annual common stock dividend target of $2.20 per share from the current annual common stock dividend target of $2.04 per share. Payment of the 2015 quarterly dividend is subject to the actual dividend declaration by the Board of Directors, which is expected in January 2015 for the first quarter dividend. The company reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported operating revenues of $843.1 million compared to $866.6 million reported a year ago. Operating income was $194.8 million compared to $201.4 million reported a year ago. Income from continuing operations before income taxes was $170.2 million compared to $179.1 million reported a year ago. Income from continuing operations, net of tax, was $157.8 million compared to $161.5 million reported a year ago. Net income attributable to the company's common shareowners was $153.3 million or $1.38 per basic and diluted share compared to $157.6 million or $1.42 per basic and diluted share reported a year ago. Income from continuing operations attributable to the company common shareowners, net of tax, was $155.2 million or $1.40 per basic and diluted share compared to $158.9 million or $1.43 per basic and diluted share reported a year ago. For the nine months, the company reported operating revenues of $2,546.2 million compared to $2,444.2 million reported a year ago. Operating income was $452.3 million compared to $425.3 million reported a year ago. Income from continuing operations before income taxes was $379.2 million compared to $353.2 million reported a year ago. Income from continuing operations, net of tax, was $333.0 million compared to $313.0 million reported a year ago. Net income attributable to the company's common shareowners was $323.1 million or $2.92 per basic and diluted share compared to $292.8 million or $2.64 per basic and diluted share reported a year ago. Income from continuing operations attributable to the company common shareowners, net of tax, was $325.3 million or $2.94 per basic and diluted share compared to $297.7 million or $2.69 per basic and diluted share reported a year ago. Cash flows from operating activities were $763.9 million compared to $643.1 million reported a year ago. Book value per share was $30.97 compared to $29.44 as at September 30, 2013. The company is narrowing and increasing the midpoint of its 2014 earnings per share guidance, primarily due to year-to-date positive impacts on sales caused by weather. For 2014, the company expects earnings per share of $3.40 to $3.55 compared to previous guidance of $3.25 to $3.55. Drivers for 2014 revised earnings guidance include, but are not limited to: ability of Interstate Power and Light Company and Wisconsin Power and Light Company to continue to earn their authorized rates of return; stable economy and resulting implications on utility sales; normal weather and operating conditions for the remainder of the year in its utility service territories; continuing cost controls and operational efficiencies and effective tax rate of 12%. The company projected capital expenditures for 2014 of $980 million. For 2015, the company expects earnings per share of $3.45 to $3.75. Drivers for 2015 earnings guidance include, but are not limited to: ability of Interstate Power and Light Company and Wisconsin Power and Light Company to earn their authorized rates of return; stable economy and resulting implications on utility sales; normal weather and operating conditions in its utility service territories; continuing cost controls and operational efficiencies; execution of Interstate Power and Light Company's and Wisconsin Power and Light Company's capital expenditure and financing plans; projected retirement plan valuations at December 31, 2014 and effective tax rate of 17%. The company projected capital expenditures for 2015 of $1,075 million. The company projected capital expenditures for 2016 of $1,100 million. The company projected capital expenditures for 2017 of $1,070 million. The company projected capital expenditures for 2018 of $955 million.

Alliant Energy Corporation to Report Q3, 2014 Results on Nov 06, 2014

Alliant Energy Corporation announced that they will report Q3, 2014 results at 5:00 PM, Eastern Standard Time on Nov 06, 2014

 

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Industry Analysis

LNT

Industry Average

Valuation LNT Industry Range
Price/Earnings 17.6x
Price/Sales 2.0x
Price/Book 2.0x
Price/Cash Flow 9.0x
TEV/Sales 0.9x
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