Alliant Energy (LNT) stock
Utilities · Electric Utilities
Alliant Energy (LNT) is an Electric Utilities company in the Utilities sector, headquartered in Madison, Wisconsin. As of October 23, 2026, LNT closed at $69.66, a market capitalization of $18.06 billion, the 423rd largest company in the S&P 500. Over the last twelve months it generated $4.43 billion in revenue (+1% year over year) and $1.29 billion in free cash flow. The stock trades at 22.0x trailing earnings and 18.9x forward earnings.
- 1-year total return: +4.7% (dividends reinvested)
- 5-year return: +7.4% a year
- 52-week range: $62.54 – $78.81
- Gross margin 44.5%, operating margin 19.1%
- Dividend yield: 3.07%, 22 straight years of increases
- FI Handbook report card: C across 10 metrics
- 29th largest of 31 Utilities stocks in the S&P 500
LNT price chart
1Y price change: +1.5% (price only; total returns below include dividends)
| Total return | 1M | YTD | 1Y | 3Y | 5Y | 10Y | MAX |
|---|---|---|---|---|---|---|---|
| LNT | +9.4% | +9.7% | +4.7% | +16.7% | +7.4% | +9.9% | +8.9% |
Dividends reinvested. 3Y and longer are annualized; MAX is annualized since 1973.
LNT key statistics
- Market cap
- $18.1B
- #423 in S&P 500
- P/E (TTM)
- 22.0x
- Forward P/E
- 18.9x
- EPS (TTM)
- $3.16
- Revenue (TTM)
- $4.4B
- +1%
- Free cash flow
- $1.3B
- Gross margin
- 44.5%
- Operating margin
- 19.1%
- Return on equity
- 11.1%
- Dividend yield
- 3.07%
- 52-week range
- $62.54 – $78.81
- Beta
- 0.52
- Price / sales
- 4.1x
- EV / EBITDA
- 16.5x
- Debt / equity
- 1.61x
- Employees
- 2,948
LNT report card
CTen fundamentals graded A to F against fixed thresholds. Not a buy or sell rating.
- Revenue growth1.0%D
- Gross margin44.5%B
- Operating margin19.1%C
- FCF margin29.1%A
- Return on equity11.1%C
- Net debt / EBITDA6.6xF
- Forward P/E18.9xB
- PEG ratio2.0xD
- Shareholder yield3.1%B
- Share count change / yr0.7%D
Alliant Energy financials
Revenue went from $3.3B in fiscal 2016 to $4.4B in fiscal 2025, growing 3.1% a year.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.3B | $3.4B | $3.5B | $3.6B | $3.4B | $3.7B | $4.2B | $4.0B | $4.0B | $4.4B |
| Gross profit | — | $2.9B | $3.0B | $3.2B | $3.0B | $3.1B | $3.6B | $3.4B | $3.4B | $3.7B |
| Operating income | $554.1M | $671.2M | $694.0M | $778.0M | $740.0M | $795.0M | $928.0M | $943.0M | $886.0M | $1.0B |
| Net income | $381.7M | $467.5M | $522.0M | $567.0M | $624.0M | $674.0M | $686.0M | $703.0M | $690.0M | $810.0M |
| EPS (diluted) | — | $1.99 | $2.19 | $2.33 | $2.47 | $2.63 | $2.73 | $2.78 | $2.69 | $3.14 |
| Free cash flow | -$804.0M | -$945.3M | -$1.1B | -$980.0M | -$865.0M | -$587.0M | -$998.0M | — | — | — |
| Dividends paid | $266.5M | $288.3M | $312.0M | $337.0M | $377.0M | $403.0M | $428.0M | $456.0M | $492.0M | $521.0M |
| Diluted shares | — | 229.7M | 233.6M | 239.0M | 248.7M | 250.7M | 251.2M | 253.3M | 256.8M | 257.8M |
Source: SEC filings (10-K XBRL). EPS and share counts are split-adjusted.
What's priced into LNT?
A reverse DCF asks what growth the current price requires. With an enterprise value of $30.2B and $1.3B of trailing free cash flow, Alliant Energy needs to grow free cash flow about 14.5% a year for ten years (fading to 3.0% terminal growth) to earn a 10% annual return.
P/E ratio history
Current 22.2x vs. median 21.9x (10th–90th percentile 15.8x–29.0x).
A model, not a forecast or advice. Small changes in assumptions move the answer a lot.
LNT dividend
- Dividend yield
- 3.07%
- Annual dividend
- $2.14
- Years of increases
- 22
- 5-yr dividend growth
- 5.9%
- per year
- Payout ratio
- 66%
- Payments per year
- 4
Regular dividends per share by calendar year; special dividends excluded. Current year omitted until complete.
LNT analyst price targets
13 analysts' average 12-month target is $75.12 (+8% vs. $69.66). Targets range from $66.00 to $83.00. 57% rate it a buy.
LNT earnings
Next report: October 29, 2026. Alliant Energy has beaten EPS estimates 3 quarters in a row.
| Report date | EPS estimate | EPS actual | Surprise |
|---|---|---|---|
| Jul 30, 2026 | $0.58 | $0.65 | +12.2% |
| Apr 30, 2026 | $0.80 | $0.82 | +2.9% |
| Feb 19, 2026 | $0.58 | $0.60 | +2.7% |
| Nov 6, 2025 | $1.19 | $1.12 | -5.8% |
| Aug 7, 2025 | $0.64 | $0.68 | +6.0% |
| May 8, 2025 | $0.71 | $0.83 | +16.9% |
| Feb 20, 2025 | $0.68 | $0.70 | +2.8% |
| Oct 31, 2024 | $1.10 | $1.15 | +4.4% |
Stocks like LNT
| Name | Today | 1Y | Mkt cap | P/E | |
|---|---|---|---|---|---|
 SO Southern | -0.99% | -0% | $106.9B | 22.4x | Compare |
 DUK Duke Energy Corporation (Holdin | -0.33% | +2% | $97.4B | 18.8x | Compare |
 CEG Constellation Energy Corporatio | -0.69% | -30% | $89.8B | 24.8x | Compare |
 AEP American Electric Power | -0.73% | +15% | $70.6B | 22.5x | Compare |
 ETR Entergy | -0.79% | +15% | $51.3B | 27.5x | Compare |
 VST Vistra | -0.48% | -26% | $47.0B | 23.6x | Compare |
 EXC Exelon | -0.94% | -3% | $45.8B | 16.3x | Compare |
 WEC WEC Energy | -0.95% | -1% | $36.2B | 21.6x | Compare |
LNT news
- Does Alliant Energy (LNT) Look Fairly Valued For Dividend Investors? · Oct 23, 2026
- Alliant Energy (LNT) Reports Next Week: Wall Street Expects Earnings Growth · Oct 22, 2026
- FranklinWH Energy Storage Inc. Joins the Alliant Energy® Smart Hours Program to Reward Customers in Wisconsin for Supporting the Grid · Oct 20, 2026
- Alliant Energy Corporation Declares Quarterly Common Stock Dividend · Oct 15, 2026
- FranklinWH Joins the Alliant Energy® Smart Hours Program in Iowa to Reward Customers for Supporting the Grid · Oct 14, 2026
LNT stock FAQ
What is LNT's market cap?
Alliant Energy's market capitalization is $18.06 billion as of October 23, 2026, ranking 423rd in the S&P 500.
What is LNT's P/E ratio?
LNT trades at a trailing price-to-earnings ratio of 22.0x and a forward P/E of 18.9x. Its median P/E over the period we track is 21.9x.
Does LNT pay a dividend?
Yes. Alliant Energy pays $2.14 per share a year, a 3.07% yield. It has raised its dividend 22 years in a row. Dividends grew 5.9% a year over the last five years.
How much has LNT stock returned?
Including reinvested dividends, LNT returned +4.7% over one year, +7.4% a year over five years, +9.9% a year over ten years through October 23, 2026.
Is LNT stock overvalued?
At today's price, a reverse discounted cash flow model (10% discount rate, 3% terminal growth) implies Alliant Energy must grow free cash flow about 15% a year for the next decade. Whether that is achievable decides if the stock is cheap or expensive. This is a model, not advice.
What is the LNT price target?
13 analysts cover LNT with an average 12-month price target of $75.12, +8% from the current price. 57% of them rate it a buy.
When does LNT report earnings?
Alliant Energy is expected to report earnings on October 29, 2026. It has beaten EPS estimates 3 quarters in a row.
How many employees does Alliant Energy have?
Alliant Energy has about 2,948 full-time employees, or $1.5 million of revenue per employee.
Sources: SEC EDGAR filings, Yahoo Finance market data (delayed), FI Handbook calculations. Last close October 23, 2026. Methodology