Alliant Energy Corp
LNT: XNAS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$42.00 | Pftncsc | Sljdgnptx |
Inflation Reduction Act Supports Sizable Increase in Alliant's Updated Capital Investment Plan
We are increasing our Alliant Energy fair value estimate to $58 per share from $56 after the company reported third-quarter earnings per share of $0.93, down from $1.02 in the same year-ago period, and increased its capital investment plan. The company targets a 6% dividend increase in 2023, in line with our expectations. Our narrow moat and stable moat trend remain unchanged.