Updating your Income stocks: Cedar Fair, Alliant Energy, Ameren

Article Excerpt

CEDAR FAIR L.P. $44 (www.cedarfair.com) remains a hold. The partnership owns 11 amusement parks and four outdoor water parks. It also operates hotels (2,300 rooms) and 600 luxury RV sites. Cedar Fair has now re-opened all of its parks as more areas relax their COVID-19 restrictions. As a result, revenue in the first quarter of 2022 jumped to $98.8 million from a depressed $9.7 million a year earlier. It also cut its losses to $1.56 a unit from $1.95 (Note—Cedar Fair makes most of its money during the summer months). The partnership also aims to resume paying distributions to investors in the third quarter of 2022. Due to the COVID-19 lockdowns, it suspended quarterly payments of $0.935 a unit in the second quarter 2020. Cedar Fair is still a hold. ALLIANT ENERGY CORP. $61 (www.alliantenergy.com) is a buy. The company sells power and natural gas to 1.4 million clients in Wisconsin, Iowa and Minnesota. Thanks to colder-than-normal winter weather and higher power and gas rates, Alliant’s revenue in…