- Alliant Energy's non-GAAP EPS payout ratio is positioned to remain the same from 2020 to 2021, using the company's midpoint guidance for 2021.
- Despite more significant COVID headwinds in Q1 2021 than Q1 2020, Alliant Energy's total revenue only fell 1.6% year-over-year and non-GAAP EPS declined 5.6%.
- Although Alliant Energy's interest coverage ratio declined from 2.2 in Q1 2020 to 2.1 in Q1 2021, this was solely due to a slight decline in EBIT.
- Alliant Energy is a high-quality business, essentially trading at fair value based on my inputs into the discounted cash flows model and dividend discount model.
- Alliant Energy's 2.9% yield, 6.0-7.0% annual earnings growth potential, and static valuation multiple make it likely that the company will deliver 9-10% annual total returns over the next decade.
For further details see:
Why Alliant Energy Remains A Fair Buy