Alliant Energy Corp
LNT: XNAS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$87.00 | Hgdrlft | Hfyykts |
Alliant Energy Earnings: 2024 Focus Shifts to Iowa Rate Review
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.