Alliant Energy Corp Stock Price, News & Analysis

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.

Alliant Energy has filed with the Iowa Utilities Board (IUB) to acquire 200 MW of solar energy and 75 MW of battery storage from the Duane Arnold Solar Project of NextEra Energy Resources. This initiative is part of its plan to develop 400 MW of solar generation in Iowa by 2024. Upon completion, Alliant Energy will be the largest operator of solar and battery storage in the state, contributing an estimated economic impact of $260 million, and creating 200 construction jobs. This aligns with its Clean Energy Blueprint, boosting renewable resources to nearly 50% by 2025.

Alliant Energy Corporation (NASDAQ: LNT) has declared a quarterly cash dividend of $0.4025 per share, set to be paid on November 15, 2021, to shareholders of record as of November 1, 2021. The company has maintained a consistent dividend payout for 304 consecutive quarters since 1946. This reflects Alliant Energy's commitment to delivering reliable energy services to 975,000 electric and 420,000 natural gas customers across Iowa and Wisconsin, showcasing their emphasis on safety, efficiency, and responsibility.

Alliant Energy Corporation (NASDAQ: LNT) has announced the scheduling of its third quarter 2021 earnings release on November 4^th, after market close. A conference call for discussing the results will be held on November 5^th at 9 a.m. CT, which will be available for live webcast. Alliant Energy serves approximately 975,000 electric and 420,000 natural gas customers in Iowa and Wisconsin, emphasizing its commitment to provide reliable energy solutions.

Wisconsin Power and Light Company, a subsidiary of Alliant Energy (NASDAQ: LNT), has priced a public offering of $300 million in 1.950% debentures due September 16, 2031. Proceeds will fund the construction and development of wind and solar energy facilities. The offering is expected to close on September 16, 2021, contingent on customary closing conditions. The offering was managed by a consortium of underwriters including Barclays and BofA Securities. This press release does not constitute an offer to sell or buy these securities.

Alliant Energy has announced a $4 million donation to its Hometown Care Energy Fund to support financially disadvantaged customers in Iowa and Wisconsin. This initiative allocates $2 million for each state to assist customers struggling with energy bills, particularly in the wake of the COVID-19 pandemic. The funds will be distributed through local nonprofit organizations, ensuring that support reaches those in need. This commitment demonstrates Alliant Energy's dedication to helping customers recover financially during challenging economic times.

Alliant Energy's Iowa utility, Interstate Power and Light Company (NASDAQ: IPLDP), has declared dividends for preferred stockholders, scheduled for September 15, 2021. Shareholders of record on August 31, 2021, will receive a dividend of $0.31875 per share for the 5.1% Series D Cumulative Preferred Stock. Alliant Energy (NASDAQ: LNT) serves 975,000 electric and 420,000 natural gas customers across Iowa and Wisconsin, focusing on safe, efficient energy solutions. The company is part of the Nasdaq CRD Sustainability Index and the S&P 500.