LNT - Alliant Energy: Don't Miss Out On This Upcoming Dividend Aristocrat

2024-06-08 03:59:18 ET

Summary

• High-quality electric utilities offer a low-risk way to cash in on the ongoing artificial intelligence revolution.
• Alliant Energy is an electric and gas utility positioned to become a Dividend Aristocrat later this decade.
• The company just issued $375 million in unsecured notes at attractive terms.
• Shares of LNT could be priced at a 12% discount to fair value.
• The electric and gas utility could be poised for 35% cumulative total returns through 2026.

Since the launch of OpenAI's chatbot and virtual assistant, ChatGPT, in November 2022, artificial intelligence has gone mainstream. Regardless of a company's economic sector or subindustry, it's almost impossible to listen to an earnings call these days without a mention of AI in some way.

Practically, many companies have already automated their businesses further with chatbots and digital assistants. Those that haven't already seem likely to do so in the years ahead....

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