At the time of writing, Alliant Energy Corp. [LNT] stock is trading at $49.97, up 0.58%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The LNT shares have gain 2.76% over the last week, with a monthly amount glided 4.69%, and seem to be holding up well over a long-time horizon.
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On 2, April 2024, Newsweek Names Alliant Energy one of the Most Trustworthy Companies in America. In a post published today on Yahoo Finance, Newsweek releases annual list of the most trusted companies based on reputation with customers, employees, and investors.
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.
For the past year, the stock price of Alliant Energy Corp. fluctuated between $45.15 and $56.26. 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 $49.97 at the most recent close of the market. An investor can expect a potential return of 23.41% based on the average LNT price forecast.
Analyzing the LNT fundamentals
According to Alliant Energy Corp. [NASDAQ:LNT], the company’s sales were 4.03B for trailing twelve months, which represents an -9.17% plunge. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.4.
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 49.65 points at the first support level, and at 49.34 for the second support level. However, for the 1st resistance point, the stock is sitting at 50.31, and for the 2nd resistance point, it is at 50.66.
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 is important to note that Alliant Energy Corp. [NASDAQ:LNT] has a current ratio of 0.55. Further, the Quick Ratio stands at 0.40, while the Cash Ratio is 0.03. Considering the valuation of this stock, the price to sales ratio is 3.18, the price to book ratio is 1.89 and price to earnings (TTM) ratio is 18.00.
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.
