Professional
Added to YB: 2024-04-30
Pitch date: 2024-03-31
LNT [bullish]
Alliant Energy Corporation
+47.88%
current return
Author Info
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Company Info
Alliant Energy Corporation operates as a utility holding company that provides regulated electric and natural gas services in the United States.
Market Cap
$18.3B
Pitch Price
$47.34
Price Target
N/A
Dividend
3.01%
EV/EBITDA
15.31
P/E
22.36
EV/Sales
6.89
Sector
Electric Utilities
Category
value
Show full summary:
Artisan Mid Cap Value Fund New Portfolio Holding: Alliant Energy Corporation
LNT: Midwest electric & gas utility down on higher costs & rates pressuring ROEs. Trades 16x P/E vs 10yr avg 18x w/ 3.6% yield. Upside potential from rate base investments & pending rate case in Sept. Utilities lagged but now offer above-avg earnings yield vs broader market.
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