The stock of Alliant Energy Corp (LNT) has gone down by -5.94% for the week, with a -4.45% drop in the past month and a 3.18% rise in the past quarter. The volatility ratio for the week is 2.37%, and the volatility levels for the past 30 days are 1.61% for LNT. The simple moving average for the last 20 days is -4.79% for LNT stock, with a simple moving average of 8.12% for the last 200 days.
Is It Worth Investing in Alliant Energy Corp (NASDAQ: LNT) Right Now?
Alliant Energy Corp (NASDAQ: LNT) has a price-to-earnings ratio that is above its average at 22.33x. The stock has a 36-month beta value of 0.58. Opinions on the stock are mixed, 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 at present, short sellers hold a 2.66% of that float. On November 05, 2024, the average trading volume of LNT was 1.29M shares.
LNT) stock’s latest price update
Alliant Energy Corp (NASDAQ: LNT) has seen a decline in its stock price by -0.40 in relation to its previous close of 57.74. However, the company has experienced a -5.94% decline in its stock price over the last five trading sessions. seekingalpha.com reported 2024-11-01 that Alliant Energy Corporation (NASDAQ:LNT ) Q3 2024 Earnings Conference Call November 1, 2024 10:00 AM ET Company Participants Susan Gille – IR Lisa Barton – President and CEO Robert Durian – EVP and CFO Conference Call Participants Nathan Richardson – Barclays Julian Dumoulin-Smith – Jefferies Andrew Weisel – Scotiabank Paul Fremont – Ladenburg Aditya Gandhi – Wolf Research Bill Appicelli – UBS Operator Please stand by, we’re about to begin. Thank you for holding, everyone, and welcome to Alliant Energy’s Third Quarter 2024 Earnings Conference Call.
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 -3.94% 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 -7.97% of loss for the given period.
Volatility was left at 1.61%, however, over the last 30 days, the volatility rate increased by 2.37%, as shares sank -3.08% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.90% lower at present.
During the last 5 trading sessions, LNT fell by -5.94%, which changed the moving average for the period of 200-days by +17.68% in comparison to the 20-day moving average, which settled at $60.40. In addition, Alliant Energy Corp saw 12.11% 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
- 0.39 for the gross margin
The net margin for Alliant Energy Corp stands at 0.17. The total capital return value is set at 0.07. Equity return is now at value 9.65, with 3.02 for asset returns.
Based on Alliant Energy Corp (LNT), the company’s capital structure generated 1.06 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 -16.93. The interest coverage ratio of the stock is 2.09.
Currently, EBITDA for the company is 1.62 billion with net debt to EBITDA at 5.84. When we switch over and look at the enterprise to sales, we see a ratio of 6.31. The receivables turnover for the company is -22.14for trailing twelve months and the total asset turnover is 0.17. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.86.
Conclusion
To sum up, Alliant Energy Corp (LNT) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others 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.
