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.
The Board of Directors of Alliant Energy has declared a dividend of $0.31875 per share for its 5.1% Series D Cumulative Preferred Stock. This dividend is payable on June 15, 2021, to shareholders on record as of May 28, 2021. Alliant Energy provides regulated energy services to 975,000 electric and 420,000 natural gas customers across Iowa and Wisconsin, emphasizing safe, efficient, and responsible energy solutions.
Alliant Energy Corporation (NASDAQ: LNT) reported its Q1 2021 earnings, showing a GAAP EPS of $0.68, slightly down from $0.70 in Q1 2020. The decline was attributed to higher depreciation, unfavorable timing of income tax expenses, and reduced allowances for funds used during construction. However, increased earnings from its utilities due to a growing rate base and higher sales volumes partially offset the losses. The company reaffirmed its 2021 guidance, targeting an EPS range of $2.50 to $2.64.
Additionally, Alliant achieved a milestone in its clean energy transition by securing approval for 675 megawatts of its planned solar expansion in Wisconsin.
Alliant Energy has proposed a settlement agreement to the Public Service Commission of Wisconsin regarding electric and natural gas rates for 2022 and 2023. The settlement aims to provide customers with rate certainty while facilitating a transition to clean energy. During this period, Alliant plans to add nearly 1,100 megawatts of solar generation and avoid a base rate increase in 2023. The agreement involves an increase in revenue requirements of $70M for electric and $15M for gas utilities, ensuring management of operational costs and customer savings.
The Alliant Energy Corporation (NASDAQ: LNT) has declared a quarterly cash dividend of $0.4025 per share, scheduled for payment on May 17, 2021, to shareholders on record as of April 30, 2021. This marks the company's commitment to return value to its shareholders, continuing a tradition of dividends paid for 302 consecutive quarters since 1946. Alliant Energy serves approximately 975,000 electric and 420,000 natural gas customers across Iowa and Wisconsin, focusing on sustainable energy solutions.
Alliant Energy Corporation (NASDAQ: LNT) plans to release its first quarter 2021 earnings on May 6, 2021, after market close. A conference call to discuss the results is scheduled for May 7, 2021, at 9 a.m. CT, hosted by CEO John Larsen and CFO Robert Durian. Interested parties can join the call by dialing the provided numbers or viewing the live webcast on the company's investor relations site. Alliant Energy, serving 975,000 electric and 420,000 natural gas customers, emphasizes its commitment to delivering safe and efficient energy solutions.
Alliant Energy has announced plans to add 414 megawatts (MW) of solar energy in Wisconsin, rounding out its initiative to exceed 1,000 MW of solar capacity. This effort aims to help customers save over $2 billion in long-term costs while creating more than 800 local jobs across several counties. The new projects will generate an estimated $50 million in shared revenues for local communities over 30 years. Alliant Energy seeks regulatory approval to advance these six new projects, contributing to its goal of achieving nearly 50% renewable energy in its mix by 2025.
Alliant Energy Corporation (NASDAQ: LNT) announced its 2020 earnings, reporting a GAAP EPS of $2.47, up from $2.33 in 2019, driven by a higher rate base from its utility operations. Non-GAAP EPS also increased to $2.43 from $2.31. The company continued its investment in renewable energy, planning over 1,400 megawatts of solar power. However, the results were tempered by higher depreciation expenses and costs related to fuel. The 2020 increase aligns with the firm's long-term earnings growth target of 5% to 7%.
Alliant Energy's Board of Directors has announced a dividend declaration for preferred stockholders of Interstate Power and Light Company (NASDAQ: IPLDP). Shareowners of record as of February 26, 2021, will receive $0.31875 per share on the 5.1% Series D Cumulative Preferred Stock, payable on March 15, 2021. Alliant Energy (NASDAQ: LNT) provides regulated electric and natural gas services to nearly 1.4 million customers in Iowa and Wisconsin, demonstrating a commitment to delivering reliable energy solutions.
Alliant Energy committed $8.7 million and over 64,000 volunteer hours in 2020 to support communities in Iowa and Wisconsin affected by the COVID-19 pandemic, racial injustice, and the derecho storm. The funding included $340,000 to food banks and thousands of PPE items for healthcare facilities. The company also donated to initiatives promoting diversity and recovery efforts for those impacted by the derecho storm. Additionally, nearly $900,000 was awarded to over 375 organizations through community grants, contributing significantly to local projects and the fight against hunger.
Alliant Energy Corporation (NASDAQ: LNT) will release its year-end 2020 earnings on February 18, 2021, after market close. A conference call to discuss the results is scheduled for February 19, 2021, at 12 noon CT. The call will be accessible via phone or webcast, with a replay available until February 26, 2021. Alliant Energy serves approximately 970,000 electric and 420,000 natural gas customers across the Midwest and is a component of the S&P 500.