Alliant Energy Corp (LNT)
Utilities · Electric Utilities · US stock · S&P 500 component
$69.66
▼ -0.64 (0.91%)
Fair valueFair
$74 +4.7% to fair value
$37fair band $63–$89$110
Day's range
$69.45 – $70.33
52-week range
$62.54 – $78.81
About Alliant Energy Corp
Alliant Energy is a utility holding company serving customers in Iowa and Wisconsin through two regulated utilities. They generate, transmit and distribute electricity and distribute natural gas to homes, businesses and industrial users, using fuels including gas, coal, wind and solar. Rates charged to customers are set by state regulators.
Revenue comes from regulated electricity and gas charges paid by customers in its service areas. It totals $4.4 billion over the last twelve months, with growth of 1.2% a year across three years. The operating margin is 23.0%, and the business earns a profit of 5% on the capital invested in it. Alliant carries net debt of 6.3 times EBITDA, and the dividend yield is 3.0%. On the site's X-Ray Score it receives 44 out of 100.
Price chart
52-wk range $62.54 – $78.81Volume 2,927,189Daily, split-adjusted
Vitals
Market cap$18.0B
52-week range$62.54 – $78.81
Volume (last day)2,927,189
P/E (TTM)21.9
EBIT / EV yield3.4%
Free-cash-flow yield–
Dividend yield3.0%
Revenue (TTM)$4.4B
Net income (TTM)$821M
Operating margin23.0%
Return on capital4.8%
Debt incl. leases$11.9B
Cash & securities$115M
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies that hold large long-term investments). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$74middle half of models $60 – $90
Fair
+4.7% to fair value
Average of the 14 valuation models that pass our checks: multiples, discounted cash flow, dividend discount and earnings power value. A model more than 100% above or 60% below the price is left out as unrealistic. Model uncertainty is Medium, based on how far apart the models are. Undervalued or Overvalued means the gap to fair value is more than 17.5%.
Price $70
Undervalued < $63Fair $63 – $89Overvalued > $89
P/E multiple
$70
P/B multiple
$66
P/S multiple
$60
EV/EBITDA multiple
$65
EV/EBIT multiple
$61
EV/revenue multiple
$59
10-year DCF, EBITDA exit
$102
5-year DCF, EBITDA exit
$90
10-year DCF, revenue exit
$102
5-year DCF, revenue exit
$89
10-year DCF, growth exit
$68
5-year DCF, growth exit
$51
Dividend discount, stable
$106
Dividend discount, multi-stage · not used
$202
Earnings power value
$42
Growth the price implies
15.3%/yr
A model estimate, not a price target or recommendation. Inputs: risk-free 5.13%, equity risk premium 4.30% (Damodaran). How it works.
What this means
Weak business, fairly priced
The price sits inside our fair-value band. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Utilities peers. Open a lens to see the numbers behind it.
Strong: 70 to 100Fair: 50 to 69Weak: under 50No score: not enough data
Valuation
Weak
41/100
Expensive against its sector on earnings and cash flow.
See the numbers →
EBIT / EV yield3.4%
Fair value vs price1.0×
Growth
Weak
37/100
Growing slower than most of its sector.
See the numbers →
Revenue growth (3y)1.2%
EPS growth (3y)4.8%
Growth consistency70%
Profitability
Weak
47/100
Earns lower returns on its capital than most peers.
See the numbers →
Return on invested capital4.8%
Operating margin23.0%
Gross profitability15.3%
Financial health
Weak
48/100
Balance sheet is more stretched than most peers.
See the numbers →
Piotroski F-Score6 / 9
Net debt / EBITDA6.3×
Interest cover1.9×
Dividends
Fair
54/100
Dividend is typical for its sector.
See the numbers →
Dividend yield3.0%
Dividend growth6.8%
Quarterly results: last 6 quarters
+1.6%
Dec '24
+9.4%
Mar '25
+7.5%
Jun '25
+11.9%
Sep '25
+9.0%
Dec '25
+5.0%
Mar '26
Revenue against the same quarter a year earlier. Latest quarter revenue $1.2B, diluted EPS $0.87.
Compare with peers
EIX Edison International71 ES Eversource Energy65 EXC Exelon Corp62 DUK Duke Energy CORP58Other Electric Utilities companies by X-Ray Score.
SWOT analysis: Alliant Energy Corp
Strengthsinside the company
- No standout strength in the figures we track.
Weaknessesinside the company
- Return on invested capital is only 4.8% (median 5.5% for industry peers), so the business earns little above its cost of capital.
- Net debt is 6.3x EBITDA, above the 3x level that lenders usually watch.
- Operating profit covers interest only 1.9x.
- Altman Z-score of 1.1 is in the zone linked with financial distress in past studies.
Opportunitiesvaluation and setting
- Revenue growth picked up to 9.6% last year from 1.2% a year over three years.
Threatsvaluation and setting
- Heavy debt makes profits sensitive to interest rates and refinancing conditions.
- Our Market Compass rates the backdrop for Utilities as unfavourable.
Written by fixed rules from the figures on this page and the peer table below: filings, our fair value, the sector climate and the price trend. It summarises the data, it is not a forecast or advice.
Compare LNT with peers and sector
Medians of 14 Electric Utilities peers and of 30 Utilities stocks in our universe.
Largest peers (X-Ray Score): SO 45, DUK 58, CEG 49, AEP 58, ETR 43, VST 53.
| Metric | LNT | Peers | Sector |
|---|---|---|---|
| X-Ray Score (out of 100) | 44 | 52 | 51 |
| Valuation | 41 | 50 | 50 |
| Growth | 37 | 58 | 53 |
| Profitability | 47 | 56 | 50 |
| Financial health | 48 | 55 | 52 |
| Dividends | 54 | 49 | 53 |
Sector leaders: highest X-Ray Score in Utilities
LNT ranks #22 of 31 in Utilities and #12 of 15 in Electric Utilities by X-Ray Score. A higher score is stronger on our five pillars; it is a ranking of facts, not a forecast.
Green means better than the peer median, red worse (only where a higher or lower figure is clearly better). A dash means too few companies report the figure. P/E, EV/EBITDA and price changes are not graded: a different level is not good or bad by itself.
Factor ratings for LNT
Each factor is rated by where LNT stands among the 31 Utilities stocks in our universe.
Rating against the sector
Goodthe top third of these stocks
Averagethe middle third of these stocks
Badthe bottom third of these stocks
"Beats" is the share of those stocks it is ahead of.
Against its own history
The last columns set today's figure against the company's own median of its last five financial years:
▲ Betterbetter than its usual level
▼ Worseworse than its usual level
≈ In linewithin its usual range
For valuation factors Good means cheaper than most of the sector and Better means cheaper than usual for this company, which is not the same as a bargain.
In total: 4 Good · 8 Average · 8 Bad of 20
Growth: 0 · 2 · 1
Profitability: 3 · 1 · 1
Financial strength: 0 · 3 · 1
Valuation: 0 · 1 · 3
Cash flow: 1 · 0 · 2
Efficiency: 0 · 1 · 0
| Factor | LNT | Rating | Sector median | Own 5-year median | Against own history |
|---|---|---|---|---|---|
| Growth | |||||
| Revenue growth, 3 years a year | +1.2% | Average beats 35% | +3.4% | – | – |
| Revenue growth, last year | +9.6% | Average beats 52% | +9.6% | +7.4% | ▲ Better |
| EPS growth, 3 years a year | +4.8% | Bad beats 31% | +8.1% | – | – |
| Profitability | |||||
| Gross margin | 85.8% | Good beats 96% | 47.1% | 85.5% | ≈ In line |
| Operating margin | 23.0% | Average beats 52% | 22.9% | 22.3% | ≈ In line |
| Net margin | 18.6% | Good beats 85% | 14.4% | 17.5% | ≈ In line |
| Return on invested capital | 4.8% | Bad beats 21% | 5.5% | – | – |
| Return on equity | 11.1% | Good beats 69% | 10.1% | 10.9% | ≈ In line |
| Financial strength | |||||
| Net debt / EBITDA | 6.3x | Average beats 38% | 5.8x | 5.8x | ≈ In line |
| Interest cover | 1.9x | Bad beats 15% | 2.5x | 2.4x | ≈ In line |
| Current ratio | 0.69 | Average beats 37% | 0.78 | 0.53 | ▲ Better |
| Piotroski F-score | 6 / 9 | Average beats 58% | 6 / 9 | – | – |
| Valuation | |||||
| P/E ratio | 22.2x | Average beats 40% | 21.8x | 20.7x | ≈ In line |
| Price / book | 2.5x | Bad beats 24% | 2.1x | 2.2x | ≈ In line |
| Price / sales | 4.1x | Bad beats 18% | 2.9x | 3.8x | ≈ In line |
| EV / EBITDA | 16.0x | Bad beats 24% | 14.0x | 15.1x | ≈ In line |
| Cash flow | |||||
| Free cash flow margin | 29.1% | Good beats 88% | -9.1% | 21.5% | ▲ Better |
| Cash from operations / net income | 1.57 | Bad beats 11% | 2.20 | 1.23 | ▲ Better |
| Accruals (lower is better) | −1.9% | Bad beats 15% | −3.3% | – | – |
| Efficiency | |||||
| Days sales outstanding | 41 days | Average beats 58% | 44 days | 43 days | ≈ In line |
These ratings compare companies with each other and describe the past; they are not a forecast, a recommendation or part of the X-Ray Score. A factor is left out when its data is missing or meaningless (for example a P/E on negative earnings). A dash in the history columns means fewer than three usable years.
Fundamentals checklist
● 1 Good · ● 7 Average · ● 6 BadCash quality
Earnings backed by cashBad
Risk models
Altman Z''Good
Piotroski F-ScoreAverage
Growth
EPS growth (3y)Bad
Revenue growth (3y)Average
Growth consistencyBad
Balance sheet
Current ratioAverage
Net debt / EBITDAAverage
Interest coverBad
Valuation
Fair value vs priceAverage
EBIT / EV yieldBad
Profitability
Return on invested capitalBad
Operating marginAverage
Gross profitabilityAverage
Each check is graded against the company's sector, not a fixed number. Checklist score 34/100.
Financials
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | $3.7B | $4.2B | $4.0B | $4.0B | $4.4B |
| Operating income | $795M | $928M | $943M | $886M | $1.0B |
| Net income | $674M | $686M | $703M | $690M | $810M |
| Operating cash flow | $582M | $486M | $867M | $1.2B | $1.2B |
| Operating margin | 21.7% | 22.1% | 23.4% | 22.3% | 23.5% |
| Free cash flow | −$587M | −$998M | – | – | – |
| Diluted EPS | $2.63 | $2.73 | $2.78 | $2.69 | $3.14 |
Fiscal years, from SEC filings.
Technical summary
Daily
Bullish
10 bullish · 1 neutral · 5 bearish
Weekly
Bullish
8 bullish · 1 neutral · 3 bearish
Monthly
Strongly bullish
6 bullish · 1 neutral · 1 bearish
Moving averages (daily)
| SMA 10 | 67.98 | Bullish |
| EMA 10 | 68.08 | Bullish |
| SMA 20 | 66.25 | Bullish |
| EMA 20 | 67.18 | Bullish |
| SMA 50 | 66.95 | Bullish |
| EMA 50 | 67.47 | Bullish |
| SMA 100 | 70.01 | Bearish |
| EMA 100 | 68.58 | Bullish |
| SMA 200 | 69.82 | Bearish |
| EMA 200 | 68.47 | Bullish |
Oscillators (daily)
| RSI (14) | 63.81 | Neutral |
| MACD (12, 26) | 0.79 | Bullish |
| Momentum (12) | 6.82 | Bullish |
| Stochastic %K (14) | 86.71 | Bearish |
| Williams %R (14) | -13.29 | Bearish |
| CCI (20) | 142.9 | Bearish |
Pivot points (classic, last session)
S3 68.41 | S2 68.93 | S1 69.29 | Pivot 69.81 | R1 70.18 | R2 70.70 | R3 71.06 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Dividends
Paid, last 12 months
2.11 USD
Yield on today's price
3.03%
Frequency
Quarterly
Next ex-dividend date
30 Oct 2026
| Ex-dividend date | Amount per share |
|---|---|
| (upcoming) | 0.5350 |
| 0.5350 | |
| 0.5350 | |
| 0.5350 | |
| 0.5075 | |
| 0.5075 | |
| 0.5075 | |
| 0.5075 | |
| 0.4800 | |
| 0.4800 | |
| 0.4800 | |
| 0.4800 |
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.
ETFs that hold LNT
| ETF | Share of the fund |
|---|---|
| MFSV MFS Active Value | 1.57% |
| XLU Utilities Select Sector SPDR | 1.39% |
| SPLV Invesco S&P 500 Low Volatility | 1.23% |
| FUTY Fidelity MSCI Utilities Index | 1.19% |
| IDU iShares U.S. Utilities | 1.13% |
| VPU Vanguard Utilities | 1.11% |
| DVY iShares Select Dividend | 0.98% |
| SDY SPDR S&P Dividend | 0.95% |
The eight funds with the largest weight in LNT among the ETFs we cover, from each fund's latest SEC Form N-PORT (quarter-end positions, so they can be months old). All ETFs.
LNT stock splits
LNT has split its stock once since 2016. The latest was a 2-for-1 split on 20 May 2016.
Full LNT stock split history →LNT SEC filings
8-KSEC EDGAR
Other events
10-QSEC EDGAR
Quarterly report
8-KSEC EDGAR
Results of operations
8-KSEC EDGAR
Shareholder vote results
10-QSEC EDGAR
Quarterly report
8-KSEC EDGAR
Results of operations
DEF 14ASEC EDGAR
Proxy statement
8-KSEC EDGAR
Entered a material agreement
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.