Alliant Energy Corp

LNT: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$24.00	Skmtrhp	Dhdlcwdr

Alliant Energy Earnings: 2024 Focus Shifts to Iowa Rate Review

Andrew Bischof

Feb 16, 2024

We are maintaining our $58 fair value estimate for Alliant Energy after the narrow-moat company reported full-year operating earnings per share of $2.88, compared with $2.73 in 2022. The company reaffirmed 2024 EPS guidance of $2.99-$3.13, in line with our estimate. Management also reaffirmed its long-term 5%-7% earnings growth target. We think the company can achieve the high end of that range.

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