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Alliant Energy Corporation
Sure, I'd be happy to help. The public company with the stock symbol LNT is Alliant Energy Corporation, which is listed on the Nasdaq stock exchange. Here are some general information and key metrics for Alliant Energy:
* Headquarters: Madison, Wisconsin
* Industry: Electric Utilities
* Sector: Utilities
* Stock symbol: LNT
* Listed on: Nasdaq
About Alliant Energy:
Alliant Energy Corporation operates as a utility company that provides regulated electricity and natural gas services to customers in the United States. The company generates and distributes electricity from various sources, including coal, natural gas, nuclear, and renewable sources. It also provides electricity transmission and distribution services, as well as invests in renewable energy projects.
Key Metrics:
* Market Capitalization: $10.22 billion (as of March 10, 2023)
* Revenue (2022): $3.47 billion
* Net Income (2022): $876.8 million
* Earnings Per Share (2022): $2.08
* Dividend Yield: 3.20%
* Price-to-Earnings Ratio (P/E Ratio): 18.32
Earnings:
Alliant Energy has a strong history of delivering steady earnings growth. In 2022, the company reported net income of $876.8 million, representing a 12.6% increase from the previous year. The company's earnings per share (EPS) were $2.08, a 14.1% increase from the previous year.
Growth:
Alliant Energy has been focused on growing its renewable energy portfolio and investing in infrastructure to support its clean energy goals. The company aims to reduce its greenhouse gas emissions by 80% by 2050. In recent years, Alliant Energy has made significant investments in wind energy, including the development of the English Farms wind farm in Iowa and the Benton County wind farm in Indiana.
Financial Health:
Alliant Energy has a solid financial position, with a debt-to-equity ratio of 1.14. The company's interest coverage ratio is 4.46, indicating that it has sufficient earnings to cover its interest payments. Alliant Energy's return on equity (ROE) is 10.11%, indicating that it is generating profits effectively.
In summary, Alliant Energy is a well-established utility company with a strong track record of delivering steady earnings growth and a focus on renewable energy. It has a solid financial position and a commitment to sustainability. However, as with any stock, it's important to conduct thorough research and consider various factors before making an investment decision.