A new trading day began on Monday, with Alliant Energy Corp (NASDAQ: LNT) stock price up 3.76% from the previous day of trading, before settling in for the closing price of $57.75. LNT’s price has ranged from $46.80 to $62.49 over the past 52 weeks.
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Annual sales at Utilities sector company grew by 2.93% over the past five years. Meanwhile, its annual earnings per share averaged 7.94%. With a float of $255.98 million, this company’s outstanding shares have now reached $256.60 million.
Let’s look at the performance matrix of the company that is accounted 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 and Institutional Ownership
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 0.24%, 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) Latest Financial update
In its latest quarterly report, released on 9/30/2024, the company reported earnings of 0.48 per share, which was $0.1 lower than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.69 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 7.94% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 6.50% 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 0.72. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.98.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.58, a number that is poised to hit 0.72 in the next quarter and is forecasted to reach 3.23 in one year’s time.
Technical Analysis of Alliant Energy Corp (LNT)
Alliant Energy Corp (NASDAQ: LNT) saw its 5-day average volume 2.41 million, a positive change from its year-to-date volume of 1.62 million. As of the previous 9 days, the stock’s Stochastic %D was 42.35%. Additionally, its Average True Range was 1.25.
During the past 100 days, Alliant Energy Corp’s (LNT) raw stochastic average was set at 79.41%, which indicates a significant increase from 63.37% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 31.66% in the past 14 days, which was higher than the 17.90% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $59.85, while its 200-day Moving Average is $53.42. Nevertheless, the first resistance level for the watch stands at $60.70 in the near term. At $61.48, the stock is likely to face the second major resistance level. The third major resistance level sits at $62.94. If the price goes on to break the first support level at $58.46, it is likely to go to the next support level at $57.00. The third support level lies at $56.22 if the price breaches the second support level.
Alliant Energy Corp (NASDAQ: LNT) Key Stats
With a market capitalization of 15.79 billion, the company has a total of 256,599K Shares Outstanding. Currently, annual sales are 4,027 M while annual income is 703,000 K. The company’s previous quarter sales were 1,081 M while its latest quarter income was 295,000 K.
