On Tuesday, Alliant Energy Corp. (NASDAQ: LNT) was -0.33% drop from the session before settling in for the closing price of $60.51. A 52-week range for LNT has been $45.15 – $60.51.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Utilities sector was 2.93%. When this article was written, the company’s average yearly earnings per share was at 8.40%. With a float of $255.88 million, this company’s outstanding shares have now reached $256.50 million.
Considering the fact that the conglomerate employs 3281 people, you should pay attention to its efficiency factor. 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 Activity
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Alliant Energy Corp. stocks. 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) Earnings and Forecasts
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
You can see what Alliant Energy Corp. (LNT) is doing with its current performance indicators. In the most recent 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 3.90.
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)
Compared to the last year’s volume of 1.62 million, its volume of 1.06 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 91.25%. Additionally, its Average True Range was 0.77.
During the past 100 days, Alliant Energy Corp.’s (LNT) raw stochastic average was set at 96.90%, which indicates a significant increase from 89.50% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 10.21% in the past 14 days, which was lower than the 15.41% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $56.72, while its 200-day Moving Average is $51.63. Nevertheless, the first resistance level for the watch stands at $60.60 in the near term. At $60.90, the stock is likely to face the second major resistance level. The third major resistance level sits at $61.12. If the price goes on to break the first support level at $60.08, it is likely to go to the next support level at $59.86. Should the price break the second support level, the third support level stands at $59.56.
Alliant Energy Corp. (NASDAQ: LNT) Key Stats
There are 256,379K outstanding shares of the company, which has a market capitalization of 15.47 billion. As of now, sales total 4,027 M while income totals 703,000 K. Its latest quarter income was 894,000 K while its last quarter net income were 87,000 K.
