Let’s look at the key reasons that are pushing Alliant Energy Corp. (LNT) to new highs

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A new trading day began on Tuesday, with Alliant Energy Corp. (NASDAQ: LNT) stock price up 0.54% from the previous day of trading, before settling in for the closing price of $55.96. LNT’s price has ranged from $45.15 to $58.69 over the past 52 weeks.

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Utilities Sector giant saw their annual sales surged by 2.93% over the last five years. Meanwhile, its annual earnings per share averaged 8.39%. With a float of $255.87 million, this company’s outstanding shares have now reached $256.50 million.

The firm has a total of 3281 workers. Let’s measure their productivity.

Alliant Energy Corp. (LNT) Breakdown of a Key Holders of the stock

As we move forward, let’s examine how large-scale investors are investing in this stock of the Utilities – Regulated Electric Industry. The insider ownership of Alliant Energy Corp. is 0.25%, while institutional ownership is 80.41%. The most recent insider transaction that took place on Feb 20 ’24, was worth 53,416. In this transaction President and CEO of this company bought 1,100 shares at a rate of $48.56, taking the stock ownership to the 36,444 shares. Before that another transaction happened on Feb 20 ’24, when Company’s Executive Vice President bought 500 for $48.26, making the entire transaction worth $24,128. This insider now owns 10,556 shares in total.

Alliant Energy Corp. (LNT) Recent Fiscal highlights

According to the Wall Street analysts, stocks earnings will be around 8.39% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 7.70% during the next five years compared to 4.83% growth over the previous five years of trading.

Alliant Energy Corp. (NASDAQ: LNT) Trading Performance Indicators

Here are Alliant Energy Corp.’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.48. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.64.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.45, a number that is poised to hit 1.10 in the next quarter and is forecasted to reach 3.26 in one year’s time.

Technical Analysis of Alliant Energy Corp. (LNT)

Analysing the last 5-days average volume posted by the [Alliant Energy Corp., LNT], we can find that recorded value of 1.15 million was lower than the volume posted last year of 1.72 million. As of the previous 9 days, the stock’s Stochastic %D was 28.87%. Additionally, its Average True Range was 1.05.

During the past 100 days, Alliant Energy Corp.’s (LNT) raw stochastic average was set at 78.80%, which indicates a significant increase from 34.43% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 17.64% in the past 14 days, which was higher than the 17.62% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $52.99, while its 200-day Moving Average is $50.56. Now, the first resistance to watch is $56.61. This is followed by the second major resistance level at $56.95. The third major resistance level sits at $57.32. If the price goes on to break the first support level at $55.90, it is likely to go to the next support level at $55.53. Now, if the price goes above the second support level, the third support stands at $55.19.

Alliant Energy Corp. (NASDAQ: LNT) Key Stats

With a market capitalization of 14.43 billion, the company has a total of 256,379K Shares Outstanding. Currently, annual sales are 4,027 M while annual income is 703,000 K. The company’s previous quarter sales were 894,000 K while its latest quarter income was 87,000 K.