Utility Selling Electricity to AI Data Centers... Attracts Institutions and Insiders

Alliant Energy Corp. (NASDAQ: LNT) closed at $73.21 on June 22, up 0.29%. Its market capitalization reached about $18.9 billion (roughly ₩26 trillion), an increase of approximately $55 million (about ₩70 billion) in a single day.

In its May release of first-quarter 2026 results, the company reported earnings per share of $0.87, surpassing last year’s $0.83. The report identified data-center expansion as a core growth driver expected to account for roughly 60% of future electricity demand growth. In January, seven executives and directors made simultaneous insider purchases totaling about $380,000, and in February the company strengthened its governance by adding Manu Asthana, former CEO of major North American grid operator PJM, to its board.

Alliant Energy is a regulated utility holding company in the U.S. Midwest, serving approximately one million electric and 430,000 gas customers in Iowa and Wisconsin. Positioned as a defensive dividend stock underpinned by dividend growth and stable regulated revenues, it is reshaping its power mix through increased investments in wind, solar and long-duration energy storage.