Alliant Energy CorporationLNT

Morningstar Rating

Stock Research and Analysis

by Morningstar Equity Analysts

Alliant Energy's back-to-basics strategy places the company's earnings on a steadier path following its flawed forays into noncore international ventures. Although this move may temper future growth, significant investments in generation should lead Read more

Bulls Say

As a regulated operation in two capacity-constrained states, Alliant Energy benefits from a predictable return and steady cash generation.

The firm maintains a conservative debt/capital ratio of 40% and enjoys solid interest coverage, which should facilitate access to debt financing.

A substantial wind power project should generate goodwill with environmental groups and regulators and will further diversify the firm's electricity portfolio.

The firm is on a steadier path after divesting its international holdings. Read more

Bears Say

At 40% of sales, Alliant's exposure to economically sensitive industrial customers is substantial.

The economics of Alliant's proposed wind developments will hinge on continued government support.

Long-term demand growth in the firm's service territories is expected to average only 1%-2%. Read more

Strategy

Having divested itself of its foreign assets, the firm plans to grow internally in its core Midwest markets via wind, environmental, and advanced metering investments. Wind capacity additions should Read more

Management

Bill Harvey took over as CEO of Alliant in mid-2005 following the retirement of Erroll Davis, who held the position for 14 years. Harvey is a 19-year company veteran with various executive management roles under his belt, including his previous position Read more

Profile

Alliant Energy provides electricity to just under 1 million customers in the upper Midwest and natural gas to about half as many through its two regulated utility subsidiaries, Read more

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