Alliant's regulated investments support above-average earnings and dividend growth.
We are reaffirming our $32 fair value estimate and narrow economic moat and stable moat trend ratings after Alliant Energy reported second-quarter operating earnings per share of $0.37 compared with $0.34 in the year-ago period. Management reaffirmed 2016 EPS guidance of $1.80-$1.95, in line with our $1.93 estimate. We are reaffirming our 6.5% annual earnings growth rate through 2020, in line with management's 5%-7% target.Management continues to execute on investment opportunities that suppor...
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.
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.
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