In the past week, LNT stock has gone up by 0.08%, with a monthly decline of -5.84% and a quarterly plunge of -0.55%. The volatility ratio for the week is 1.76%, and the volatility levels for the last 30 days are 1.45% for Alliant Energy Corp The simple moving average for the last 20 days is -1.88% for LNT stock, with a simple moving average of 7.76% for the last 200 days.
Is It Worth Investing in Alliant Energy Corp (NASDAQ: LNT) Right Now?
The price-to-earnings ratio for Alliant Energy Corp (NASDAQ: LNT) is 23.15x, which is above its average ratio. Moreover, the 36-month beta value for LNT is 0.59. Analysts have varying opinions on the stock, with 5 analysts rating it as a “buy,” 1 as “overweight,” 10 as “hold,” and 0 as “sell.”
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The public float for LNT is 255.98M and currently, short sellers hold a 2.76% of that float. On December 25, 2024, LNT’s average trading volume was 1.58M shares.
LNT) stock’s latest price update
The stock price of Alliant Energy Corp (NASDAQ: LNT) has surged by 0.61 when compared to previous closing price of 59.26, but the company has seen a 0.08% gain in its stock price over the last five trading sessions. seekingalpha.com reported 2024-12-18 that Alliant Energy will soon raise its dividend for the 22nd consecutive year. The electric and gas utility is anticipated to up its four-year capital spending by $1.8 billion. LNT’s balance sheet is well-capitalized to fund its capital spending plan.
Analysts’ Opinion of LNT
Many brokerage firms have already submitted their reports for LNT stocks, with Scotiabank repeating the rating for LNT by listing it as a “Sector Perform.” The predicted price for LNT in the upcoming period, according to Scotiabank is $67 based on the research report published on December 12, 2024 of the current year 2024.
Jefferies, on the other hand, stated in their research note that they expect to see LNT reach a price target of $67. The rating they have provided for LNT stocks is “Hold” according to the report published on September 20th, 2024.
Ladenburg Thalmann gave a rating of “Buy” to LNT, setting the target price at $62.50 in the report published on August 13th of the current year.
LNT Trading at -1.65% 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 -7.12% of loss for the given period.
Volatility was left at 1.45%, however, over the last 30 days, the volatility rate increased by 1.76%, as shares sank -6.30% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.26% lower at present.
During the last 5 trading sessions, LNT rose by +0.08%, which changed the moving average for the period of 200-days by +20.23% in comparison to the 20-day moving average, which settled at $60.76. In addition, Alliant Energy Corp saw 16.22% 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
- 0.31 for the gross margin
The net margin for Alliant Energy Corp stands at 0.17. The total capital return value is set at 0.04. 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 0.61 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 1.53. The interest coverage ratio of the stock is 2.09.
Currently, EBITDA for the company is 1.78 billion with net debt to EBITDA at 5.69. When we switch over and look at the enterprise to sales, we see a ratio of 6.34. The receivables turnover for the company is 8.57for 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 wrap up, the performance of Alliant Energy Corp (LNT) has been mixed in recent times. The stock has received a bullish 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.
