Gabelli & Co Initiates Coverage on Alliant Energy (LNT) with a Hold; High Quality, Low-Risk Utility
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Gabelli & Co initiates coverage on Alliant Energy (NYSE: LNT) with a Hold.
Gabelli analyst says, "We regard Alliant Energy as a high quality, low-risk utility holding given the company's strong financial condition, as evidenced by a 56% common equity ratio and above-average utility subsidiary credit ratings - we expect 2009 EPS results to be depressed given a weak Wisconsin service area economy, but expect 2010 results to significantly benefit from pending rate cases in Iowa and Wisconsin, where rate increases are expected in early 2010 - of note, LNT operates in the wind-rich Iowa, and is favorably positioned to add significant wind capacity to meet future renewable portfolio standards and reduce carbon emissions - we estimate earnings of $2.35 per share in 2009 and $2.75 in 2010."
To see more analyst ratings on LNT Click Here.
Alliant Energy Corporation operates as a regulated investor-owned public utility holding company.
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