Report
Andrew Bischof, CFA, CPA
EUR 101.80 For Business Accounts Only

Alliant Energy's New Capital Plan Accounts for Significant Wind Investment

We are reaffirming our $37 fair value estimate after Alliant Energy reported third-quarter operating earnings per share of $0.75, down from $0.80 in the year-ago period. Management lowered its 2017 EPS guidance to $1.89-$1.97 from $1.92-$2.06. Unfavorable weather took $0.06 off EPS in the quarter. We plan to lower our earnings estimate to within management's new range, but weather adjustments do not affect our fair value estimate. Alliant Energy also announced its 2018 EPS guidance of $2.04-$2.1...
Underlying
Alliant Energy Corp

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.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

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.

We have operations in 27 countries.

Analysts
Andrew Bischof, CFA, CPA

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