Alliant Energy Corp. (NASDAQ: LNT)’s stock price has increased by 1.16 compared to its previous closing price of 60.38. However, the company has seen a 2.50% increase in its stock price over the last five trading sessions. businesswire.com reported 2024-10-15 that MADISON, Wis.–(BUSINESS WIRE)–The Alliant Energy Corporation (NASDAQ: LNT) Board of Directors today declared a quarterly cash dividend of $0.48 per share payable on November 15, 2024, to shareowners of record as of the close of business on October 31, 2024. Dividends on common stock have been paid for 316 consecutive quarters since 1946. Alliant Energy Corporation is recognized as a member of the S&P 500 Dividend Aristocrats Index. Alliant Energy Corporation (NASDAQ: LNT) provides regulat.
Is It Worth Investing in Alliant Energy Corp. (NASDAQ: LNT) Right Now?
The price-to-earnings ratio for Alliant Energy Corp. (NASDAQ: LNT) is 24.95x, which is above its average ratio. Moreover, the 36-month beta value for LNT is 0.57. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 2 as “overweight,” 5 as “hold,” and 0 as “sell.”
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The public float for LNT is 255.88M and currently, short sellers hold a 2.68% of that float. On October 16, 2024, LNT’s average trading volume was 1.28M shares.
LNT’s Market Performance
LNT’s stock has seen a 2.50% increase for the week, with a 0.94% rise in the past month and a 9.96% gain in the past quarter. The volatility ratio for the week is 1.45%, and the volatility levels for the past 30 days are at 1.26% for Alliant Energy Corp. The simple moving average for the past 20 days is 1.59% for LNT’s stock, with a 16.31% simple moving average for the past 200 days.
Analysts’ Opinion of LNT
Many brokerage firms have already submitted their reports for LNT stocks, with Jefferies repeating the rating for LNT by listing it as a “Hold.” The predicted price for LNT in the upcoming period, according to Jefferies is $67 based on the research report published on September 20, 2024 of the current year 2024.
Ladenburg Thalmann, on the other hand, stated in their research note that they expect to see LNT reach a price target of $62.50, previously predicting the price at $50. The rating they have provided for LNT stocks is “Buy” according to the report published on August 13th, 2024.
BMO Capital Markets gave a rating of “Market Perform” to LNT, setting the target price at $55 in the report published on January 11th of the current year.
LNT Trading at 3.87% 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 -0.02% of loss for the given period.
Volatility was left at 1.26%, however, over the last 30 days, the volatility rate increased by 1.45%, as shares surge +1.28% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +10.59% upper at present.
During the last 5 trading sessions, LNT rose by +2.50%, which changed the moving average for the period of 200-days by +19.02% in comparison to the 20-day moving average, which settled at $60.12. In addition, Alliant Energy Corp. saw 19.06% in overturn over a single year, with a tendency to cut further gains.
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
- 0.3 for the gross margin
The net margin for Alliant Energy Corp. stands at 0.16. The total capital return value is set at 0.05. Equity return is now at value 9.44, with 2.96 for asset returns.
Based on Alliant Energy Corp. (LNT), the company’s capital structure generated 0.59 points at debt to capital in total, while cash flow to debt ratio is standing at 0.11. The debt to equity ratio resting at 1.44. The interest coverage ratio of the stock is 2.19.
Currently, EBITDA for the company is 1.62 billion with net debt to EBITDA at 5.85. When we switch over and look at the enterprise to sales, we see a ratio of 6.39. The receivables turnover for the company is 9.69for 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 0.65.
Conclusion
To wrap up, the performance of Alliant Energy Corp. (LNT) has been better in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
