Alliant Energy Corp. (LNT) Is Now En Route to Higher Prices

Alliant Energy Corp. (NASDAQ: LNT) is -5.54% lower on its value in year-to-date trading and has touched a low of $45.15 and a high of $56.26 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The LNT stock was last observed hovering at around $47.93 in the last trading session, with the day’s gains setting it 0.53%.

Currently trading at $48.46, the stock is -0.60% and -3.71% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.41 million and changing 1.11% at the moment leaves the stock -5.39% off its SMA200. LNT registered -6.92% loss for a year compared to 6-month loss of -6.56%. The firm has a 50-day simple moving average (SMA 50) of $5.21 and a 200-day simple moving average (SMA200) of $12.36.

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The stock witnessed a -3.25% gain in the last 1 month and extending the period to 3 months gives it a -0.31%, and is 1.79% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.37% over the week and 1.71% over the month.

Alliant Energy Corp. (LNT) has around Jan 30 2024 employees, a market worth around $12.37B and $4.12B in sales. Current P/E ratio is 17.73 and Fwd P/E is 15.77. Profit margin for the company is 16.73%. Distance from 52-week low is 7.32% and -13.86% from its 52-week high. The company has generated returns on investments over the last 12 months (4.55%).

Alliant Energy Corp. quarterly earnings per share for the current quarter are estimated at $0.55 with sales reaching $1.12B over the same period.The EPS is expected to grow by 3.07% this year, but quarterly earnings will post -1.50% year-over-year. Quarterly sales are estimated to grow 6.10% in year-over-year returns.

Alliant Energy Corp. (LNT) Top Institutional Holders

871 institutions hold shares in Alliant Energy Corp. (LNT), with institutional investors hold 80.94% of the company’s shares. The shares outstanding are 255.18M, and float is at 254.73M with Short Float at 1.87%. Institutions hold 80.81% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 32.2 million shares valued at $1.69 billion. The investor’s holdings represent 13.64% of the LNT Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 23.0 million shares valued at $1.21 billion to account for 9.74% of the shares outstanding. The other top investors are State Street Corporation which holds 13.51 million shares representing 5.72% and valued at over $708.96 million, while Victory Capital Management Inc. holds 3.56% of the shares totaling 8.41 million with a market value of $441.41 million.

Alliant Energy Corp. (LNT) Insider Activity

A total of 0 insider transactions have happened at Alliant Energy Corp. (LNT) in the last six months, with sales accounting for 0 and purchases happening 0 times.

Alliant Energy Corp. (LNT): Who are the competitors?

The company’s main competitors (and peers) include Duke Energy Corp. (DUK) that is trading -7.39% down over the past 12 months. Exelon Corp. (EXC) that is -16.53% lower over the same period.