LNT

ALLIANT ENERGY CORP

Ticker: LNTUtilitiesElectric, Gas & WaterS&P 500
HQ MADISON, WICIK 352541FY end 12-31Book / share $28.97Shares 260M
Revenue (FY)
$4.36B+9.57%
TTM $4.43B
Op. margin
23.50%+1.24%
TTM 22.13%
Net income
$810.00M+17.39%
TTM $817.00M
Operating cash
$1.17B+0.17%
TTM $1.16B
Free cash flow
$-1.31B-21.44%
TTM $-1.28B
Return on equity
11.04%+0.04%
Debt / equity
1.65+0.17%
TTM 1.61
Shares outstanding
257.8M+0.39%
TTM 259.9M

The business

Alliant Energy Corporation (NASDAQ: LNT) operates as a regulated investor-owned public utility holding company headquartered in Madison, Wisconsin, with its primary business conducted through two wholly-owned public utility subsidiaries: Interstate Power and Light Company and Wisconsin Power and Light Company. The company maintains its corporate website at www.alliantenergy.com.

Alliant Energy's core business focuses on providing regulated electric and natural gas utility services to approximately 1.01 million electric customers and approximately 435,000 natural gas customers across the Midwest. Interstate Power and Light Company serves approximately 505,000 electric and 230,000 natural gas retail customers in Iowa, while also selling electricity to wholesale customers in Illinois and Iowa. Wisconsin Power and Light Company serves approximately 505,000 electric and 205,000 natural gas retail customers in Wisconsin, with wholesale electricity sales to customers in Wisconsin.

The company operates as a vertically integrated utility, engaged in the generation, transmission, and distribution of electricity and the distribution and transportation of natural gas. Alliant Energy's customer base spans diverse industries including farming, agriculture, industrial manufacturing, chemical production including ethanol, pipeline transportation, packaging, food processing, and data centers.

Beyond its core utility operations, Alliant Energy maintains non-utility holdings organized under Alliant Energy Finance, LLC, which manages a portfolio of subsidiaries and investments. These include a 16 percent ownership interest in American Transmission Company, a transmission-only company, a 50 percent cash equity ownership interest in a 225 megawatt non-utility wind farm in Oklahoma, and Travero, a supply chain solutions company providing short-line rail freight service, Mississippi River barge and rail terminal operations, and freight brokerage services.

As of December 31, 2025, Alliant Energy employed approximately 2,948 full- and part-time employees across its operations, with 58 percent covered by collective bargaining agreements. The company is subject to comprehensive regulation by the Federal Energy Regulatory Commission, the Iowa Utilities Commission, and the Public Service Commission of Wisconsin, governing retail utility rates, service standards, environmental compliance, and capital investments.

Sector
Utilities
Industry
Electric, Gas & Water
HQ
MADISON, WI
FY end
12-31
CIK
352541
SIC
4931
Financial performance · annual
20132025
$-442.90M$885.80M$2.21B$3.54B$4.87B2013201420152016201720182019202020212022202320242025TTMTTMTTM

Ownership

Who holds ALLIANT ENERGY CORP — across funds, superinvestors and bonds · N-PORT 2026Q2 · 13F 2026-06-30

664
funds hold it
0 of 35
superinvestors hold it
$9.98B
fund-held value
51.2%
of shares held by funds
28
bond issues held by funds

Top fund holders

Fund% of fundValue
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.03%$625.38M
Janus Henderson Enterprise Fund
JAENX · Janus Investment Fund
2.36%$527.58M
VANGUARD 500 INDEX FUND
VOO · VANGUARD INDEX FUNDS
0.03%$510.38M
Victory Sycamore Established Value Fund
VETAX · Victory Portfolios
2.10%$324.23M
State Street(R) Utilities Select Sector SPDR(R) ETF
XLU · SELECT SECTOR SPDR TRUST
1.39%$320.62M

Bonds held by funds

Funds report holding 28 issues of ALLIANT ENERGY CORP's debt, $1.27B at fund-held market value — what funds hold, not the company's debt outstanding. Weighted-average coupon 4.25%, maturing 20272056.

IssueCouponMaturesFundsFund-held
ALLIANT ENERGY5.750%Variable2056-04-01106$210.37M
Interstate Power and Light Co.5.600%2035-06-2956$118.60M
Wisconsin Power and Light Co3.950%2032-09-0148$114.85M
WISCONSIN P&L5.380%2034-03-3050$93.00M
Interstate Power and Light Co4.100%2028-09-2652$83.13M
INTERSTATE P&L2.300%2030-06-0149$78.20M
WISCONSIN POWER AND LIGHT CO4.950%2033-04-0142$55.41M
LNT 3.5 09/30/493.500%2049-09-3030$55.11M
Alliant Energy Corp3.250%2028-05-3015$54.28M
Interstate Power and Light Co.4.950%2034-09-3046$51.03M

The 10 largest by fund-held value, of 28.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

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