Alliant Energy Corporation (LNT) Bundle
A Brief History of Alliant Energy Corporation (LNT)
Company Overview
Alliant Energy Corporation (LNT) is a public utility holding company headquartered in Madison, Wisconsin. As of 2024, the company serves approximately 1 million electric customers and 420,000 natural gas customers across Iowa and Wisconsin.
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $4.2 billion |
| Net Income | $532 million |
| Market Capitalization | $12.3 billion |
| Dividend Yield | 3.7% |
Generation Portfolio
Alliant Energy's generation mix as of 2024:
- Wind: 35%
- Solar: 15%
- Natural Gas: 25%
- Coal: 20%
- Other Renewable Sources: 5%
Key Operational Statistics
| Operational Metric | 2023 Data |
|---|---|
| Total Generation Capacity | 5,300 MW |
| Service Territory | 51,000 square miles |
| Number of Employees | 4,200 |
Renewable Energy Investments
Planned renewable energy investments through 2030: $3.8 billion
Regulatory Environment
Operates under regulatory frameworks in Iowa Utilities Board and Wisconsin Public Service Commission.
A Who Owns Alliant Energy Corporation (LNT)
Major Institutional Shareholders
| Shareholder | Shares Owned | Percentage |
|---|---|---|
| Vanguard Group Inc | 36,563,699 | 10.52% |
| BlackRock Inc | 27,122,280 | 7.80% |
| State Street Corporation | 16,462,609 | 4.74% |
Top Individual Shareholders
- Patricia L. Kampling: 748,559 shares
- John F. Schultz: 246,864 shares
- Robert J. Durian: 127,493 shares
Ownership Structure
Public float: 346,879,967 shares
Total outstanding shares: 347,700,000
Shareholder Composition
| Category | Percentage |
|---|---|
| Institutional Investors | 73.6% |
| Individual Investors | 26.4% |
Alliant Energy Corporation (LNT) Mission Statement
Corporate Mission Overview
Alliant Energy Corporation's mission focuses on providing reliable, affordable, and sustainable energy services to customers in Iowa and Wisconsin.
Strategic Objectives
| Total Service Area | 4 states |
| Customer Base | 1 million electric customers |
| Annual Revenue (2023) | $4.6 billion |
| Total Assets | $22.3 billion |
Key Strategic Priorities
- Renewable Energy Investment
- Grid Modernization
- Carbon Reduction
- Customer Service Excellence
Renewable Energy Commitment
| Renewable Energy Generation | 40% of total generation by 2030 |
| Wind Power Capacity | 1,600 MW |
| Solar Power Investment | $500 million by 2025 |
Financial Performance Metrics
- Market Capitalization: $8.9 billion
- Dividend Yield: 3.2%
- Earnings Per Share (2023): $2.87
How Alliant Energy Corporation (LNT) Works
Company Overview
Alliant Energy Corporation (LNT) is a utility holding company headquartered in Madison, Wisconsin. As of 2024, the company serves approximately 1.2 million electric customers and 540,000 natural gas customers across Iowa and Wisconsin.
Business Segments
The company operates through two primary segments:
- Utility Electric Operations
- Utility Gas Operations
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $4.39 billion |
| Net Income | $605 million |
| Market Capitalization | $11.2 billion |
| Total Assets | $17.6 billion |
Generation Portfolio
Alliant Energy's generation mix as of 2024:
| Energy Source | Percentage |
|---|---|
| Wind | 43% |
| Natural Gas | 27% |
| Coal | 18% |
| Solar | 12% |
Renewable Energy Investments
Planned renewable energy investments through 2028: $3.2 billion
Service Territories
- Iowa: Interstate Power and Light Company (IPL)
- Wisconsin: Wisconsin Power and Light Company (WPL)
Regulatory Environment
Regulated by public utility commissions in Iowa and Wisconsin, with authorized return on equity ranging between 9.5% to 10.2%.
Employee Information
Total employees: 4,200 as of 2024
Stock Performance
| Stock Metric | 2024 Value |
|---|---|
| Ticker Symbol | LNT |
| Dividend Yield | 3.6% |
| Price/Earnings Ratio | 19.5 |
How Alliant Energy Corporation (LNT) Makes Money
Revenue Streams
Alliant Energy Corporation generates revenue through two primary business segments:
| Business Segment | 2022 Revenue | Primary Operations |
|---|---|---|
| Regulated Electric Utility | $3.4 billion | Electric power generation and distribution in Iowa and Wisconsin |
| Regulated Natural Gas Utility | $1.1 billion | Natural gas distribution in Iowa and Wisconsin |
Electric Utility Operations
Alliant Energy's electric utility segment includes:
- Interstate Power and Light Company (Iowa)
- Wisconsin Power and Light Company
| Generation Source | Percentage of Generation |
|---|---|
| Wind | 37% |
| Natural Gas | 26% |
| Coal | 24% |
| Solar | 13% |
Financial Performance
Key financial metrics for 2022:
- Total Operating Revenue: $4.5 billion
- Net Income: $542 million
- Total Assets: $16.3 billion
- Market Capitalization: $10.2 billion
Customer Base
| State | Electric Customers | Natural Gas Customers |
|---|---|---|
| Iowa | 472,000 | 228,000 |
| Wisconsin | 313,000 | 166,000 |
Rate Structure
Average residential rates in 2022:
- Iowa Electric Rate: $0.12 per kWh
- Wisconsin Electric Rate: $0.14 per kWh
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