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Alliant Energy Corp. (LNT) – key numbers that make it a Strong Buy For Now

Alliant Energy Corp. (NASDAQ: LNT) is -2.24% 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 $50.13 in the last trading session, with the day’s gains setting it 0.02%.

Currently trading at $50.15, the stock is -1.72% and -0.15% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.24 million and changing 0.04% at the moment leaves the stock 0.70% off its SMA200. LNT registered -6.21% loss for a year compared to 6-month loss of -3.22%.

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The stock witnessed a -3.00% gain in the last 1 month and extending the period to 3 months gives it a 1.13%, and is -1.86% down 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 1.47% over the week and 1.35% over the month.

Alliant Energy Corp. (LNT) has around 3281 employees, a market worth around $12.86B and $3.98B in sales. Current P/E ratio is 18.27 and Fwd P/E is 15.42. Profit margin for the company is 17.53%. Distance from 52-week low is 11.07% and -10.86% from its 52-week high. The company has generated returns on investments over the last 12 months (4.55%).

The EPS is expected to grow by 8.44% this year.

Alliant Energy Corp. (LNT) Top Institutional Holders

The shares outstanding are 256.38M, and float is at 255.75M with Short Float at 2.03%.

Alliant Energy Corp. (LNT) Insider Activity

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 ’24 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 ’24 that Sundararajan Raja (Executive Vice President) bought a total of 500 shares of the company’s common stock. The trade occurred on Feb 20 ’24 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.

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