The stock of Alliant Energy Corp (NASDAQ: LNT) has increased by 1.46 when compared to last closing price of 57.36. Despite this, the company has experienced a -1.59% fall 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.
Is It Worth Investing in Alliant Energy Corp (NASDAQ: LNT) Right Now?
The price-to-earnings ratio for Alliant Energy Corp (NASDAQ: LNT) is 22.59x, which is above its average ratio. Moreover, the 36-month beta value for LNT is 0.60. Analysts have varying opinions on the stock, with 4 analysts rating it as a “buy,” 0 as “overweight,” 10 as “hold,” and 0 as “sell.”
The public float for LNT is 255.98M and currently, short sellers hold a 3.02% of that float. On January 10, 2025, LNT’s average trading volume was 1.57M shares.
LNT’s Market Performance
The stock of Alliant Energy Corp (LNT) has seen a -1.59% decrease in the past week, with a -4.68% drop in the past month, and a -2.33% fall in the past quarter. The volatility ratio for the week is 1.78%, and the volatility levels for the past 30 days are at 1.56% for LNT. The simple moving average for the past 20 days is -1.61% for LNT’s stock, with a 4.35% simple moving average for the past 200 days.
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 previous 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 previous year.
LNT Trading at -3.13% 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 -9.33% of loss for the given period.
Volatility was left at 1.56%, however, over the last 30 days, the volatility rate increased by 1.78%, as shares sank -4.45% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.18% lower at present.
During the last 5 trading sessions, LNT fell by -1.59%, which changed the moving average for the period of 200-days by +19.58% in comparison to the 20-day moving average, which settled at $59.15. In addition, Alliant Energy Corp saw -1.59% 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
- 0.31 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 1.75 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 6.25. 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 bad in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. 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.
