LNT - Alliant Energy: Continued Growth Expected
2024-04-03 21:21:05 ET
Summary
- Alliant Energy has had a consistent track record of growing earnings, with adjusted EPS increasing at least 5% for 14 straight years.
- In 2023, Alliant Energy's adjusted EPS rose 5.5% year over year to $2.88 per share.
- For 2024, management sees adjusted EPS of $2.99-$3.13 per share, with a midpoint growth of around 6% to $3.06 per share.
- In the future, Alliant Energy could be affected by the decrease in electricity production costs in solar.
- I rate Alliant Energy a 'Buy' and I would own it in a diversified portfolio.
Alliant Energy Corporation ( LNT ) is a regulated utility that provides electricity to around 1 million customers and natural gas to around 425,000 customers in the Midwest.
The company has had a solid history of earnings growth, with 14 straight years of achieving at least 5% adjusted EPS growth ....
Alliant Energy: Continued Growth Expected