Reading the tape
NASDAQ: LNT
Alliant Energy Corporation
Utilities · Regulated Electric
Market Cap
$18.53B
52w High
$75.76
52w Low
$58.98
P/E
22.50
Volume
2.27M
Outstanding Shares
258.28M
Price vs Fundamentals
Why The Stock Is Moving
Optimism is getting priced inHigh confidence
1Y Price: 17.43%Revenue (TTM): 8.34%FCF (TTM): 15.26%P/E: 79th pct
What changed
The stock rose 17.43% over the last year. Revenue grew 8.34% over the trailing twelve months. Operating margin moved from 22.58% to 23.01%. Free cash flow grew 15.26% over the trailing twelve months.
What the market seems to be pricing
The stock is trading toward the richer end of its historical P/E range (79th percentile) while business metrics are improving. More of the upside is already embedded in the multiple now.
What would invalidate this read
Operating margin is at 23.01% — continued expansion would be needed to justify the premium. Revenue growth of 8.34% is encouraging, but any deceleration puts the stretched multiple at risk. This read changes if revenue, margins, and cash flow continue to improve faster than expected — in that case the richer multiple could still prove conservative.
Company profile
Alliant Energy Corporation operates as a utility holding company that provides regulated electricity and natural gas services.
CEOLisa Barton
SectorUtilities
IndustryRegulated Electric
Employees2,998
IPO dateJan 5, 1988
Valuation
Forward P/E—
EV/EBITDA14.11
Enterprise value$28.5B
Stock splits
May 20, 2016↑ Forward
Every 1 shares became 2
Sep 26, 1988↑ Forward
Every 1 shares became 2
Profitability & growth
Revenue growth4.96%
Gross margin37.97%▼10.32%vs FY2024
Operating margin23.01%▲5.58%vs FY2024
ROE11.04%▲12.11%vs FY2024
Analyst consensus
RatingBuy
Target price$76.25▲6.26%
12
Buy
11
Hold
0
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Aug 6, 2026
Q3 FY26 · EPS est $0.69 · Revenue est $987.98M
View
Dividends
$2.09/shareQuarterlyDividend Achiever · 12yrAt RiskLNT pays a dividend with a 2.91% dividend yield, 12 consecutive years of growth, growing at 5.91% annually, covered -2.5× by free cash flow.
Dividend Yield
2.91%
Annual Div / Share
$2.09
5yr CAGR
+5.91%
Doubles every ~12.1yr
Payout Ratio
64.31%
At Risk
Dividend Growth Rate
3yr CAGR
+5.81%
5yr CAGR
+5.91%
10yr CAGR
+6.25%
Dividend Safety
2/10At Risk
Dividend History
Annualized dividend cycles per share
YearAnnual DivYoY
2026$2.08+5.6%
2025$1.98+5.9%
2024$1.86+6.0%
2023$1.76+6.0%
2022$1.66+6.1%
2021$1.56+6.5%
2020$1.47+6.5%
Income Projection
Invest
$
Growth rate:
Reinvest dividends
Today
$29/yr
$2/mo
In 5 yrs
$39/yr+33%
$3/mo
In 10 yrs
$52/yr+77%
$4/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$29/yr $2/mo | $39/yr+33% $3/mo | $52/yr+77% $4/mo |
Yield-on-cost grows from 2.91% → 5.16% over 10yr
Analysis
Dividend Strengths
Dividend Achiever
LNT has raised its dividend for 12 consecutive years — qualifying as a Dividend Achiever, demonstrating long-term commitment to shareholder income.
Strong dividend growth rate
The 5-year CAGR of 5.91% meaningfully outpaces inflation, compounding real income growth for long-term holders.
Risks to Watch
Dividend exceeds free cash flow
Free cash flow covers only -2.52× the dividend. The company is paying out more than it generates in cash, which is unsustainable without borrowing or asset sales.