Alliant Energy Corp (NASDAQ: LNT) is 16.80% higher on its value in year-to-date trading and has touched a low of $46.80 and a high of $62.49 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The LNT stock was last observed hovering at around $57.75 in the last trading session, with the day’s gains setting it 2.17%.
Currently trading at $59.92, the stock is -0.04% and 0.11% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.28 million and changing 3.76% at the moment leaves the stock 12.16% off its SMA200. LNT registered 23.27% gain for a year compared to 6-month gain of 16.71%. The firm has a 50-day simple moving average (SMA 50) of $59.8212 and a 200-day simple moving average (SMA200) of $53.36745.
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The stock witnessed a 0.42% loss in the last 1 month and extending the period to 3 months gives it a 6.51%, and is 4.19% 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 2.65% over the week and 1.93% over the month.
Alliant Energy Corp (LNT) has around 3281 employees, a market worth around $15.79B and $3.97B in sales. Current P/E ratio is 23.26 and Fwd P/E is 18.54. Profit margin for the company is 16.66%. Distance from 52-week low is 28.03% and -4.11% from its 52-week high. The company has generated returns on investments over the last 12 months (4.08%).
with sales reaching $1.25B over the same period.The EPS is expected to grow by 7.94% this year, but quarterly earnings will post 4.20% year-over-year. Quarterly sales are estimated to grow 29.60% in year-over-year returns.
Alliant Energy Corp (LNT) Top Institutional Holders
901.0 institutions hold shares in Alliant Energy Corp (LNT), with institutional investors hold 81.35% of the company’s shares. The shares outstanding are 256.60M, and float is at 255.98M with Short Float at 2.66%. Institutions hold 81.17% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 32.24 million shares valued at $1.64 billion. The investor’s holdings represent 12.582% of the LNT Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 23.52 million shares valued at $1.2 billion to account for 9.1784 of the shares outstanding. The other top investors are STATE STREET CORP which holds 16.1 million shares representing 6.2858% and valued at over $819.71 million, while VICTORY CAPITAL MANAGEMENT INC holds 4.2764 of the shares totaling 10.96 million with a market value of $557.67 million.
Alliant Energy Corp (LNT) Insider Activity
The most recent transaction is an insider purchase by Barton Lisa M, the company’s President 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.
