Alliant Energy Corp. (NASDAQ: LNT) is -5.38% 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 $47.73 in the last trading session, with the day’s gains setting it 0.81%.
Currently trading at $48.54, the stock is 1.05% and -1.74% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.65 million and changing 1.70% at the moment leaves the stock -4.36% off its SMA200. LNT registered -5.91% loss for a year compared to 6-month loss of -3.25%. The firm has a 50-day simple moving average (SMA 50) of $5.38 and a 200-day simple moving average (SMA200) of $12.20.
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The stock witnessed a -2.61% gain in the last 1 month and extending the period to 3 months gives it a -4.01%, and is 2.34% 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 1.55% over the week and 1.60% over the month.
Alliant Energy Corp. (LNT) has around 3281 employees, a market worth around $12.43B and $4.03B in sales. Current P/E ratio is 17.48 and Fwd P/E is 14.80. Profit margin for the company is 17.46%. Distance from 52-week low is 7.50% and -13.72% from its 52-week high. The company has generated returns on investments over the last 12 months (4.63%).
Alliant Energy Corp. quarterly earnings per share for the current quarter are estimated at $0.64 with sales reaching $1.05B over the same period.The EPS is expected to grow by 8.57% this year, but quarterly earnings will post 13.10% year-over-year. Quarterly sales are estimated to shrink -2.40% in year-over-year returns.
Alliant Energy Corp. (LNT) Top Institutional Holders
887 institutions hold shares in Alliant Energy Corp. (LNT), with institutional investors hold 81.75% of the company’s shares. The shares outstanding are 255.72M, and float is at 255.46M with Short Float at 1.99%. Institutions hold 81.60% 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. The most recent transaction is an insider purchase by Barton Lisa M,the company’sPresident and CEO. SEC filings show that Barton Lisa M bought 1,100 shares of the company’s common stock on Feb 20 at a price of $48.56 per share for a total of $53416.0. Following the purchase, the insider now owns 36444.0 shares.
Alliant Energy Corp. disclosed in a document filed with the SEC on Feb 20 that Sundararajan Raja (Executive Vice President) bought a total of 500 shares of the company’s common stock. The trade occurred on Feb 20 and was made at $48.26 per share for $24128.0. Following the transaction, the insider now directly holds 10556.0 shares of the LNT stock.
Alliant Energy Corp. (LNT): Who are the competitors?
The company’s main competitors (and peers) include Duke Energy Corp. (DUK) that is trading -3.71% down over the past 12 months. Exelon Corp. (EXC) that is -12.75% lower over the same period.
