Report
Andrew Bischof, CFA, CPA
EUR 100.00 For Business Accounts Only

New generation investments support earnings and dividend growth.

We are reaffirming our $38 per share value estimate after narrow-moat Alliant Energy reported full-year 2017 operating earnings of $1.93 per share, up from $1.88 in 2016. Management reaffirmed 2018 EPS guidance to $2.04-$2.18, consistent with our expectations, and continues to forecast annual earnings growth of 5%-7% through 2020, in line with our forecast.
Similar to its peer group, the effects of tax reform will be mostly value-neutral for Alliant Energy. To maintain authorized capital structu...
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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