Alliant Energy Corp (NASDAQ: LNT) on Friday, plunged -3.77% from the previous trading day, before settling in for the closing price of $60.00. Within the past 52 weeks, LNT’s price has moved between $46.80 and $62.49.
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During the last 5-year period, the sales growth of Utilities Sector giant was 2.93%. The company achieved an average annual earnings per share of 8.06%. With a float of $255.88 million, this company’s outstanding shares have now reached $256.50 million.
Let’s determine the extent of company efficiency that accounts for 3281 employees. In terms of profitability, gross margin is 38.54%, operating margin of 23.3%, and the pretax margin is 14.29%.
Alliant Energy Corp (LNT) Insider Activity
Observing investor behavior towards Utilities – Regulated Electric industry stocks is more important than anything else. The insider ownership of Alliant Energy Corp is 0.24%, while institutional ownership is 80.82%. 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 8.06% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 6.40% 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
Alliant Energy Corp (LNT) is currently performing well based on its current performance indicators. A quick ratio of 0.72 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.59.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.58, a number that is poised to hit 0.74 in the next quarter and is forecasted to reach 3.24 in one year’s time.
Technical Analysis of Alliant Energy Corp (LNT)
Looking closely at Alliant Energy Corp (NASDAQ: LNT), its last 5-days average volume was 2.24 million, which is a jump from its year-to-date volume of 1.6 million. As of the previous 9 days, the stock’s Stochastic %D was 14.88%. Additionally, its Average True Range was 1.06.
During the past 100 days, Alliant Energy Corp’s (LNT) raw stochastic average was set at 64.14%, which indicates a significant increase from 7.41% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 24.87% in the past 14 days, which was higher than the 16.52% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $59.88, while its 200-day Moving Average is $53.15. However, in the short run, Alliant Energy Corp’s stock first resistance to watch stands at $59.15. Second resistance stands at $60.57. The third major resistance level sits at $61.46. If the price goes on to break the first support level at $56.84, it is likely to go to the next support level at $55.95. Should the price break the second support level, the third support level stands at $54.53.
Alliant Energy Corp (NASDAQ: LNT) Key Stats
Market capitalization of the company is 14.25 billion based on 256,500K outstanding shares. Right now, sales total 4,027 M and income totals 703,000 K. The company made 894,000 K in profit during its latest quarter, and 87,000 K in sales during its previous quarter.
