Alliant Energy Reports Full-Year Results; Larsen to Replace Kampling
We are reaffirming our $40 per share value estimate after Alliant Energy reported full-year 2018 operating earnings of $2.17, up from $1.93 in 2017. Management raised its 2019 earnings guidance of $2.17 to $2.31, in line with our $2.27 estimate. We continue to forecast that dividend increases will continue in line with earnings growth, which we estimate at 6%.Earlier this month, Chairman and CEO Patricia Kampling announced her retirement effective July 1, 2019. Kampling, who has been CEO since ...
Alliant Energy is a public utility holding company, engaged in providing regulated electric and natural gas service. The company's subsidiaries are: Interstate Power and Light Company, which is engaged principally in the generation and distribution of electricity and the distribution and transportation of natural gas to retail customers in select markets in Iowa; Wisconsin Power and Light Company, which is engaged principally in the generation and distribution of electricity and the distribution and transportation of natural gas to retail customers in select markets in Wisconsin; and Alliant Energy Finance, LLC, which manages a portfolio of wholly-owned subsidiaries and additional holdings.
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Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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