On Tuesday, Alliant Energy Corp. (NASDAQ: LNT) opened higher 0.17% from the last session, before settling in for the closing price of $59.25. Price fluctuations for LNT have ranged from $45.15 to $59.80 over the past 52 weeks.
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A company in the Utilities sector has jumped its sales by 2.93% annually for the last half of the decade. Company’s average yearly earnings per share was noted 8.40% at the time writing. With a float of $255.88 million, this company’s outstanding shares have now reached $256.50 million.
In an organization with 3281 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 30.36%, operating margin of 23.14%, and the pretax margin is 14.84%.
Alliant Energy Corp. (LNT) Insider Updates
A key investor’s attitude towards the stock of the Utilities – Regulated Electric industry is another important factor to consider. The insider ownership of Alliant Energy Corp. is 0.24%, while institutional ownership is 80.67%. 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) Performance Highlights and Predictions
If we go through the results of last quarter, which was made public on 6/30/2024, the company posted 1.05 earnings per share (EPS) for the quarter, besting the agreed prediction (set at 0.93) by 0.12. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.75 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 8.40% 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
Check out the current performance indicators for Alliant Energy Corp. (LNT). In the past quarter, the stock posted a quick ratio of 0.48. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.84.
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)
Let’s dig in a bit further. During the last 5-days, its volume was 1.06 million. That was inferior than the volume of 1.64 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 71.09%. Additionally, its Average True Range was 0.77.
During the past 100 days, Alliant Energy Corp.’s (LNT) raw stochastic average was set at 96.10%, which indicates a significant increase from 82.42% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 8.75% in the past 14 days, which was lower than the 15.44% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $55.87, while its 200-day Moving Average is $51.39. However, in the short run, Alliant Energy Corp.’s stock first resistance to watch stands at $59.57. Second resistance stands at $59.78. The third major resistance level sits at $60.06. If the price goes on to break the first support level at $59.08, it is likely to go to the next support level at $58.80. Assuming the price breaks the second support level, the third support level stands at $58.59.
Alliant Energy Corp. (NASDAQ: LNT) Key Stats
There are currently 256,379K shares outstanding in the company with a market cap of 15.22 billion. Presently, the company’s annual sales total 4,027 M according to its annual income of 703,000 K. Last quarter, the company’s sales amounted to 894,000 K and its income totaled 87,000 K.
