For those aiming to surpass market returns, the art of stock picking is crucial. Making wise choices in stocks can greatly enhance your overall wealth.
In the latest session, Alliant Energy Corp (NASDAQ: LNT) closed at $57.36 up 0.09% from its previous closing price of $57.31. In other words, the price has increased by $0.09 from its previous closing price. On the day, 1.26 million shares were traded. LNT stock price reached its highest trading level at $57.935 during the session, while it also had its lowest trading level at $57.06.
Ratios:
For a deeper understanding of Alliant Energy Corp’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.72 and its Current Ratio is at 0.86. In the meantime, Its Debt-to-Equity ratio is 1.53 whereas as Long-Term Debt/Eq ratio is at 1.33.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Scotiabank on December 12, 2024, Downgraded its rating to Sector Perform and sets its target price to $67 from $64 previously.
On September 20, 2024, Jefferies started tracking the stock assigning a Hold rating and target price of $67.
Ladenburg Thalmann Upgraded its Neutral to Buy on August 13, 2024, whereas the target price for the stock was revised from $50 to $62.50.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Feb 20 ’24 when Barton Lisa M bought 1,100 shares for $48.56 per share. The transaction valued at 53,416 led to the insider holds 36,444 shares of the business.
Sundararajan Raja bought 500 shares of LNT for $24,128 on Feb 20 ’24. The Executive Vice President now owns 10,556 shares after completing the transaction at $48.26 per share.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, LNT now has a Market Capitalization of 14718519296 and an Enterprise Value of 24821997568. As of this moment, Alliant’s Price-to-Earnings (P/E) ratio for their current fiscal year is 22.27, and their Forward P/E ratio for the next fiscal year is 17.79. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.18. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.71 while its Price-to-Book (P/B) ratio in mrq is 2.11. Its current Enterprise Value per Revenue stands at 6.259 whereas that against EBITDA is 15.163.
Stock Price History:
Over the past 52 weeks, LNT has reached a high of $64.19, while it has fallen to a 52-week low of $46.80. The 50-Day Moving Average of the stock is -4.61%, while the 200-Day Moving Average is calculated to be 2.93%.
Shares Statistics:
For the past three months, LNT has traded an average of 1.58M shares per day and 1242800 over the past ten days. A total of 256.24M shares are outstanding, with a floating share count of 255.98M. Insiders hold about 0.24% of the company’s shares, while institutions hold 81.06% stake in the company. Shares short for LNT as of 1734048000 were 7736154 with a Short Ratio of 4.91, compared to 1731628800 on 6099194. Therefore, it implies a Short% of Shares Outstanding of 7736154 and a Short% of Float of 3.46.
Dividends & Splits
According to the company, the forward annual dividend rate for LNT is 1.92, from 1.893 in the trailing year. Against a Trailing Annual Dividend Yield of 0.033030882The stock’s 5-year Average Dividend Yield is 3.1.
