Management Meeting: Renewable Investments Drive Alliant Energy's Capital Investments
We are reaffirming our $40 per share fair value estimate, narrow moat, and stable moat trend for Alliant Energy after meeting with management at the Edison Electric Institute Financial Conference in San Francisco.Management recently updated its 2018-22 capital expenditure plan to $7 billion with increased gas distribution investments. Alliant currently expects $5.7 billion in capital spend from 2023-27, which we think should support 5%-6% earnings growth during those years.
At the center of All...
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.
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