Alliant Energy Corp. [LNT] stock prices are up 3.13% to $49.77 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The LNT shares have gain 1.99% over the last week, with a monthly amount glided 4.08%, and seem to be holding up well over a long-time horizon.
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On 8, March 2024, Christie Raymond Appointed to Alliant Energy Board of Directors. In a post published today on Yahoo Finance, The Alliant Energy Board of Directors has appointed Christie Raymond as a new director, effective April 1, 2024.
From an analyst’s perspective:
Alliant Energy Corp. [NASDAQ: LNT] stock has seen the most recent analyst activity on January 11, 2024, when BMO Capital Markets downgraded its rating to a Market Perform but kept the price target unchanged to $55 for it. Previously, Barclays downgraded its rating to Equal Weight on January 02, 2024, and elevated its price target to $53. On October 16, 2023, upgrade upgraded it’s rating to Sector Outperform and revised its price target to $59 on the stock. Barclays started tracking the stock assigning a Overweight rating and suggested a price target of $55 on September 18, 2023. BofA Securities upgraded its rating to a Buy and raised its price target to $58 on June 26, 2023. Ladenburg Thalmann started tracking with a Neutral rating for this stock on June 16, 2023, and assigned it a price target of $52.50. In a note dated May 30, 2023, BMO Capital Markets upgraded an Outperform rating on this stock and revised its target price from $60 to $56.
The stock price of Alliant Energy Corp. [LNT] has been fluctuating between $45.15 and $56.26 over the past year. Currently, Wall Street analysts expect the stock to reach $61.67 within the next 12 months. Alliant Energy Corp. [NASDAQ: LNT] shares were valued at $49.77 at the most recent close of the market. An investor can expect a potential return of 23.91% based on the average LNT price forecast.
Analyzing the LNT fundamentals
The Alliant Energy Corp. [NASDAQ:LNT] reported sales of 4.03B for trailing twelve months, representing a drop of -9.17%. Gross Profit Margin for this corporation currently stands at 0.39% with Operating Profit Margin at 0.23%, Pretax Profit Margin comes in at 0.18%, and Net Profit Margin reading is 0.17%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.11 and Total Capital is 0.05. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.4.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 48.83 points at the first support level, and at 47.88 for the second support level. However, for the 1st resistance point, the stock is sitting at 50.25, and for the 2nd resistance point, it is at 50.73.
Alliant Energy Corp. [LNT] reported earnings per share of $0.48 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.55/share, meaning a difference of -$0.07 and a surprise factor of -12.70%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $1.05 per share as compared to estimates of $0.93 per share, a difference of $0.12 representing a surprise of 12.90%.
Ratios To Look Out For
It’s worth pointing out that Alliant Energy Corp. [NASDAQ:LNT]’s Current Ratio is 0.55. On the other hand, the Quick Ratio is 0.40, and the Cash Ratio is 0.03. Considering the valuation of this stock, the price to sales ratio is 3.17, the price to book ratio is 1.88 and price to earnings (TTM) ratio is 17.92.
Transactions by insiders
Recent insider trading involved Barton Lisa M, President and CEO, that happened on Feb 20 ’24 when 1100.0 shares were purchased. Executive Vice President, Sundararajan Raja completed a deal on Feb 20 ’24 to buy 500.0 shares.
