Welcome to our dedicated page for Alliant Energy news (Ticker: LNT), a resource for investors and traders seeking the latest updates and insights on Alliant Energy stock.
Alliant Energy Corporation (NASDAQ: LNT) is a regulated utility holding company that regularly issues news and updates relevant to investors, customers and other stakeholders. Its utilities, Interstate Power and Light Company in Iowa and Wisconsin Power and Light Company in Wisconsin, provide regulated electric and natural gas service to roughly 1,000,000 to 1,010,000 electric customers and about 430,000 natural gas customers. As an S&P 500 company and member of the S&P 500 Dividend Aristocrats Index, Alliant Energy’s announcements often focus on earnings, dividends, capital plans and large customer developments.
News about Alliant Energy frequently covers quarterly and annual financial results, earnings guidance and factors influencing its regulated utility model. Releases describe earnings per share, the impact of capital investments in solar generation and energy storage, rate decisions affecting IPL and WPL, and assumptions such as normal temperatures and economic conditions in its service territories. Investors can also expect updates on projected capital expenditures and financing activities, including offerings of debentures and junior subordinated notes by Alliant Energy and its utility subsidiaries.
Another recurring theme in Alliant Energy news is shareholder returns and dividend policy. The company reports that it has paid common stock dividends for more than 320 consecutive quarters since 1946 and provides regular announcements of quarterly dividend declarations and dividend targets. As a Dividend Aristocrats constituent, these updates are central to its communications with income-focused investors.
Alliant Energy also issues news on corporate governance, leadership changes and board appointments, as well as corporate responsibility initiatives. Examples include the appointment of independent directors, changes in leadership at WPL, and publication of its Corporate Responsibility Report, which highlights sustainability data, a balanced mix of energy sources, employee engagement and community contributions. For users following LNT, this news page offers a centralized view of these financial, operational and governance developments.
Alliant Energy contributed $11.5 million and volunteered 75,000 hours in 2021 to support communities in Iowa and Wisconsin. Key initiatives included Impact Grants of over $1.9 million to 40 organizations, a $4 million donation to the Hometown Care Energy Fund, and the One Million Trees initiative aimed at planting over a million trees by 2030. These efforts also included addressing hunger through fundraising that provided nearly 2 million meals and awarding $120,000 in scholarships to local students.
Alliant Energy Finance, LLC, a subsidiary of Alliant Energy Corporation (NASDAQ: LNT), has announced a private offering of $350 million in 3.600% senior unsecured notes due March 1, 2032. The offering is aimed at reducing outstanding commercial paper and for general corporate purposes. The closing is anticipated on February 28, 2022, subject to customary conditions. The notes are being offered to qualified institutional buyers under Rule 144A and to non-U.S. persons under Regulation S, without registration under the Securities Act.
Alliant Energy Corporation (NASDAQ: LNT) reported a 7% increase in non-GAAP EPS to $2.58 for 2021 from $2.42 in 2020. The company announced updated 2022 earnings guidance ranging from $2.67 to $2.81 per share, alongside planned net capital expenditures of $6.1 billion from 2022 to 2025, with an additional $300 million investment. Utilities and Corporate Services generated $2.52 per share in GAAP EPS for 2021, driven by increased rate base and improved sales post-COVID-19. The company achieved its 19th consecutive year of dividend growth.
Alliant Energy Corporation (NASDAQ: LNT) has announced its year-end 2021 earnings release set for February 17, 2022, after market close. A conference call to discuss the results will take place on February 18, 2022, at 9 a.m. CT, hosted by CEO John Larsen and CFO Robert Durian. Investors can join the call by phone or via a live webcast on the company's investor website. A replay will be available until February 25, 2022. Alliant Energy serves 975,000 electric and 420,000 natural gas customers in Iowa and Wisconsin.
The Alliant Energy Corporation (NASDAQ: LNT) Board of Directors has declared a quarterly cash dividend of $0.4275 per share, payable on February 15, 2022, to shareholders of record as of January 31, 2022. This marks a significant milestone, with dividends paid for 305 consecutive quarters since 1946. Alliant Energy serves 975,000 electric and 420,000 natural gas customers in Iowa and Wisconsin, affirming its commitment to delivering reliable energy solutions.
Alliant Energy's Iowa utility, Interstate Power and Light Company (IPL), has announced a final dividend of $0.31875 per share for its 5.1% Series D Cumulative Preferred Stock, payable on December 15, 2021. Shareowners must be on record by November 30, 2021. Additionally, IPL plans to redeem all 8,000,000 outstanding shares of the Series D Preferred Stock at $25 per share, excluding the scheduled dividend payment.
Alliant Energy (NASDAQ: LNT) serves over 975,000 electric and 420,000 natural gas customers across Iowa and Wisconsin.
Interstate Power and Light Company, a subsidiary of Alliant Energy (NASDAQ: LNT), has announced the pricing of a public offering of $300 million in 3.100% senior debentures, maturing on November 30, 2051. The proceeds will fund the redemption of 5.100% Series D Cumulative Perpetual Preferred Stock and support general corporate purposes. The offering is expected to close on November 19, 2021, pending customary conditions. Underwriters include major firms like Goldman Sachs and J.P. Morgan.
Alliant Energy reported Q3 2021 GAAP EPS of $1.02, up from $0.98 in Q3 2020, driven by higher earnings from its utilities and corporate services. The company narrowed and raised its 2021 EPS guidance to $2.61 - $2.67 and issued a 2022 guidance of $2.65 - $2.79. A 6% increase in the common stock dividend target was approved, raising it to $1.71 for 2022. However, non-utility operations reported a loss of ($0.02) EPS. The company's projected net capital expenditures from 2021 to 2025 increased to $7 billion.
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