---
title: Alliant Energy (LNT) — intrinsic value and fair price
canonical: https://sweetvaluelab.com/stocks/lnt
ticker: LNT
as_of: 2026-10-17
sector: Utilities
industry: Regulated Electric
---
# Alliant Energy (LNT)

Alliant Energy (LNT) closed at $68.32 on Oct 16, 2026, undervalued by 4% vs its model value of $71.44 (from its own five-year median P/E applied to its earnings).

## Key figures

| Figure | Value |
| --- | ---: |
| Last close | $68.32 (Oct 16, 2026) |
| Model value (from its own five-year median P/E applied to its earnings) | $71.44 |
| Price vs model | undervalued by 4% vs model |
| Range of that model | $64.06 – $75.86 |
| Market value | $17.7B |
| P/E (fiscal 2025) | 21.8 |
| Net margin (fiscal 2025) | 18.6% |
| Free cash flow (fiscal 2025) | -$1.3B |
| Dividend yield (trailing twelve months) | 3.09% |
| Beta | 0.52 |
| Cost of capital (WACC) | 6.32% |
| Business classification | Dividend Payer (Low/slowing growth (~4% recent), Moderate margins (19% net margin), Pays dividends, Moderately volatile earnings, Negative free cash flow) |

## Dividends

| Figure | Value |
| --- | ---: |
| Trailing dividend yield | 3.09% |
| Dividends per share, last 12 months | $2.11 |
| Coverage | — |
| Raised | 22 years in a row |
| Growth over 5 years | 5.9% a year |
| Latest payment | $0.535, ex-date Jul 31, 2026, paid Aug 17, 2026 |

| Year of payments | Dividends per share |
| --- | ---: |
| To Jul 29, 2021 | $1.59 |
| To Jul 28, 2022 | $1.69 |
| To Jul 28, 2023 | $1.79 |
| To Jul 31, 2024 | $1.89 |
| To Jul 31, 2025 | $2.00 |
| Trailing twelve months (to Jul 31, 2026) | $2.11 |

## Valuation models

Each model's value per share and the role the engine gave it for this business. The headline above is one model's value; every other model is listed with its own, and each has a page of its own under the valuation. Computed Oct 17, 2026.

| Model | Role | Value per share | Low | High |
| --- | --- | ---: | ---: | ---: |
| DCF · Perpetuity growth · 5y | cross check | $53.49 | $12.85 | $161.04 |
| DCF · Perpetuity growth · 10y | cross check | $54.76 | $15.21 | $164.29 |
| DCF · EBITDA exit · 5y | cross check | $99.97 | $50.85 | $158.18 |
| DCF · EBITDA exit · 10y | cross check | $98.78 | $47.19 | $168.81 |
| P/E · peers | cross check | $61.57 | $57.69 | $69.20 |
| P/E · own history | primary | $71.44 | $64.06 | $75.86 |
| PEG | sanity check | $39.20 | $39.20 | $39.20 |
| EV/EBITDA · peers | cross check | $43.62 | $34.76 | $48.76 |
| EV/Revenue · peers | cross check | $36.48 | $25.07 | $51.68 |
| Earnings power value | cross check | $0.00 | $0.00 | $0.00 |
| Dividend discount | cross check | $47.28 | $31.51 | $82.67 |

## Insider activity (SEC Form 4)

Past 90 days: 0 open-market buys ($0) and 1 open-market sale ($6.7); 10b5-1 plan sales included.

| Date | Insider | Relationship | Transaction | Shares | Value |
| --- | --- | --- | --- | ---: | ---: |
| Oct 9, 2026 | ALLEN PATRICK E | Director | Grant / award | 569.476 | $37,500 |
| Oct 9, 2026 | Asthana Manu | Director | Grant / award | 1,157.935 | $76,250 |
| Oct 9, 2026 | Cortina Ignacio A | Director | Grant / award | 822.577 | $54,166.7 |
| Oct 9, 2026 | Cox Stephanie | Director | Grant / award | 607.441 | $40,000 |
| Oct 9, 2026 | Falotico Nancy Joy | Director | Grant / award | 863.706 | $56,875 |

## Recent SEC filings

| Filed | Form | What | Filing |
| --- | --- | --- | --- |
| Aug 21, 2026 | 8-K | 8.01 Other Events; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/352541/000119312526360020/d440334d8k.htm |
| Jul 31, 2026 | 10-Q | Quarterly report | https://www.sec.gov/Archives/edgar/data/352541/000035254126000043/lnt-20260630.htm |
| Jul 31, 2026 | 8-K | 2.02 Results of Operations (Earnings); 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/352541/000035254126000042/lnt-20260730.htm |
| May 21, 2026 | 8-K | 5.07 Submission of Matters to a Shareholder Vote | https://www.sec.gov/Archives/edgar/data/352541/000035254126000036/lnt-20260520.htm |
| May 1, 2026 | 10-Q | Quarterly report | https://www.sec.gov/Archives/edgar/data/352541/000035254126000033/lnt-20260331.htm |

## Superinvestors holding it (latest 13F)

| Manager | Quarter | Shares | Value |
| --- | --- | ---: | ---: |
| Mairs & Power | 2026-06-30 | 2,657,913 | $202.8M |

1 tracked managers in all.

## About

Alliant Energy Corporation functions as a utility holding company, specializing in the provision of regulated electricity and natural gas services. Its operational structure is divided into three principal segments: Utility Electric Operations, Utility Gas Operations, and Utility Other. Through its primary subsidiary, Interstate Power and Light Company (IPL), the corporation generates and distributes electricity, and manages the distribution and transportation of natural gas to retail customers throughout Iowa. IPL also markets electricity to wholesale buyers across Minnesota, Illinois, and Iowa, and generates and supplies steam in Cedar Rapids, Iowa. Similarly, its other subsidiary, Wisconsin Power and Light Company (WPL), is responsible for electricity generation and distribution, alongside natural gas distribution and transport, for retail clients within Wisconsin. WPL additionally se…

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Source: https://sweetvaluelab.com/stocks/lnt (SweetValueLab, free, no account). Prices and statements from Financial Modeling Prep; filings from SEC EDGAR. Research and educational data, not investment advice; nothing here is a recommendation to buy, sell or hold any security.