The stock price of Alliant Energy Corp. (NASDAQ: LNT) has dropped by -1.04 compared to previous close of 49.97. Despite this, the company has seen a gain of 2.47% in its stock price over the last five trading days. Seeking Alpha reported 2024-03-14 that The Efficient Market Hypothesis states that the stock market is efficiently priced, and therefore it is impossible to consistently generate alpha.
Is It Worth Investing in Alliant Energy Corp. (NASDAQ: LNT) Right Now?
Alliant Energy Corp. (NASDAQ: LNT) has a price-to-earnings ratio of 17.81x that is above its average ratio. Additionally, the 36-month beta value for LNT is 0.54. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 2 rating it as “overweight,” 5 rating it as “hold,” and 0 rating it as “sell.”
The public float for LNT is 255.46M and currently, short sellers hold a 1.87% ratio of that float. The average trading volume of LNT on April 04, 2024 was 2.02M shares.
LNT’s Market Performance
LNT’s stock has seen a 2.47% increase for the week, with a 1.87% rise in the past month and a -4.68% fall in the past quarter. The volatility ratio for the week is 1.82%, and the volatility levels for the past 30 days are at 1.58% for Alliant Energy Corp. The simple moving average for the past 20 days is 0.89% for LNT’s stock, with a -1.88% simple moving average for the past 200 days.
Analysts’ Opinion of LNT
Many brokerage firms have already submitted their reports for LNT stocks, with BMO Capital Markets repeating the rating for LNT by listing it as a “Market Perform.” The predicted price for LNT in the upcoming period, according to BMO Capital Markets is $55 based on the research report published on January 11, 2024 of the current year 2024.
Barclays, on the other hand, stated in their research note that they expect to see LNT reach a price target of $53, previously predicting the price at $50. The rating they have provided for LNT stocks is “Equal Weight” according to the report published on January 02nd, 2024.
Scotiabank gave a rating of “Sector Outperform” to LNT, setting the target price at $59 in the report published on October 16th of the previous year.
LNT Trading at 1.79% from the 50-Day Moving Average
After a stumble in the market that brought LNT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -12.10% of loss for the given period.
Volatility was left at 1.58%, however, over the last 30 days, the volatility rate increased by 1.82%, as shares surge +1.94% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.04% upper at present.
During the last 5 trading sessions, LNT rose by +2.47%, which changed the moving average for the period of 200-days by -8.00% in comparison to the 20-day moving average, which settled at $49.06. In addition, Alliant Energy Corp. saw -3.61% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at LNT starting from Barton Lisa M, who purchase 1,100 shares at the price of $48.56 back on Feb 20 ’24. After this action, Barton Lisa M now owns 36,444 shares of Alliant Energy Corp., valued at $53,416 using the latest closing price.
Sundararajan Raja, the Executive Vice President of Alliant Energy Corp., purchase 500 shares at $48.26 during a trade that took place back on Feb 20 ’24, which means that Sundararajan Raja is holding 10,556 shares at $24,128 based on the most recent closing price.
Stock Fundamentals for LNT
Current profitability levels for the company are sitting at:
- 0.23 for the present operating margin
- 0.39 for the gross margin
The net margin for Alliant Energy Corp. stands at 0.17. The total capital return value is set at 0.05. Equity return is now at value 10.77, with 3.28 for asset returns.
Based on Alliant Energy Corp. (LNT), the company’s capital structure generated 0.58 points at debt to capital in total, while cash flow to debt ratio is standing at 0.09. The debt to equity ratio resting at 1.4. The interest coverage ratio of the stock is 2.4.
Currently, EBITDA for the company is 1.62 billion with net debt to EBITDA at 5.8. When we switch over and look at the enterprise to sales, we see a ratio of 5.54. The receivables turnover for the company is 8.48for trailing twelve months and the total asset turnover is 0.18. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.55.
Conclusion
In conclusion, Alliant Energy Corp. (LNT) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
