- 10-Year EPS Growth: Achieved 6.3% compound annual EPS growth, with 2025 EPS growth of 6% exceeding guidance.
- Dividend Growth: 22nd consecutive year of dividend increases, delivering over 13% total shareholder return in 2025.
- Regulatory Settlement: Unanimous approval of 2026–2027 rate review in Wisconsin, ensuring regulatory alignment and stability.
- Capital Plan Update: $1.3 billion in equity to be raised through 2029, supporting $3.0 billion in planned investments, including renewables and gas resources.
Regulatory Execution and Growth Opportunities
The company achieved a highly constructive outcome in its 2026–2027 rate review in Wisconsin, with a unanimous settlement approved by the Public Service Commission of Wisconsin. Alliant Energy is actively engaged with customers and continues to pursue between two to four gigawatts of additional large load growth opportunities. The company's focus on driving affordable energy solutions is foundational to its strategy, and it has built a strong foundation that positions it well for sustainable growth and delivering meaningful value to customers. As Robert Durian noted, the company has a high bar for quality ESAs and is focused on making sure that the projects are cost-effective for customers.
Capital Expenditure Plan and Financing
The company's consolidated four-year capital plan remains on track, with a reallocation of certain gas, wind, and energy storage investments between its state utilities. The company expects to raise approximately $1,300,000,000 of remaining equity to be raised through 2029, excluding equity expected to be raised under its share purchase plan. The company's financing plan provides flexibility to support efficient execution of its strategy.
Valuation Metrics
Looking at the company's valuation metrics, the Price-to-Earnings (P/E) Ratio stands at 22.54, and the Price-to-Book (P/B) Ratio is 2.49. The Dividend Yield is 2.9%, indicating a relatively stable return for investors. The EV/EBITDA ratio is 15.12, and the Return on Equity (ROE) is 11.22%. These metrics suggest that the company's stock is fairly valued, with a balance between growth prospects and return on investment.