Alliant Energy Corporation (LNT)

In the past six months, Alliant Energy announced its Q3 2025 results and 2026 guidance, including increased earnings and dividend targets driven by base rate increases and capital investments. The company reported increased data center demand, leading to a rise in its capital expenditure forecast. Analyst ratings and price targets for LNT have been updated throughout the period. The company declared a quarterly dividend paid on November 17th, 2025. David de Leon retired as President of its Wisconsin utility business, succeeded by Rebecca Cameron Valcq. The 720-MW Bobcat Energy Center was unanimously approved. Meta announced a $1 billion data center investment in Beaver Dam, Wisconsin.

Demand for Alliant Energy's electricity and natural gas exhibits clear seasonality. Electricity demand is highest in the summer due to air conditioning and also high in the winter due to heating needs, while demand is typically lowest during spring and autumn. Energy consumption also varies throughout the day and week, with higher loads on weekdays. Increased data center demand is projected to increase peak load demand by 50% by 2030, potentially mitigating some traditional seasonality. Temperature is a primary driver of electricity demand variability.

Alliant Energy Corporation is a utility holding company providing regulated electric and natural gas services in the United States through its subsidiaries, Interstate Power and Light Company (IPL) and Wisconsin Power and Light Company (WPL). IPL serves retail customers in Iowa and wholesale customers in Minnesota, Illinois, and Iowa. WPL serves retail customers in Wisconsin and wholesale customers in Wisconsin. The company also has interests in rail freight, freight brokerage, wind turbine blade recycling, and a rail-served warehouse. Alliant Energy is headquartered in Madison, Wisconsin.

Alliant Energy provides regulated energy services to approximately 1 million electric and 430,000 natural gas retail customers across Iowa and Wisconsin through its subsidiaries, IPL and WPL. The company also sells electricity to wholesale customers in Minnesota, Illinois, and Iowa through IPL, and in Wisconsin through WPL. IPL's operations historically expanded into other states and Canada but were later sold off.

Alliant Energy's brand reputation in the past year appears stable, focusing on its commitment to customers, communities, and clean energy. The company emphasizes its purpose to serve customers and build stronger communities, delivering energy solutions responsibly. Alliant Energy is actively investing in renewable energy, aiming for net-zero carbon emissions by 2050, contributing to a leading ESG profile. The company's ability to navigate margin pressures and exceed profit estimates, along with consistent dividend growth, contributes positively to its reputation for financial resilience. The company's leadership is focused on executing its long-term strategy, including a significant capital expenditure plan for grid modernization and clean energy.

Alliant Energy Corporation's ownership is predominantly institutional, with estimates ranging from approximately 43.16% to 87% of the company. The largest institutional shareholders include Vanguard Group Inc., BlackRock, Inc., and State Street Corp. The general public holds a smaller stake, estimated around 12% to 25.70%, while company insiders own a minimal percentage, typically under 1%.