As of Wednesday close, Alliant Energy Corporation’s (NASDAQ:LNT) stock was down -$0.02, moving down -0.04 percent to $50.83. The average number of shares traded per day over the past five days has been 1,044,140 shares. 1 time new highs have been achieved over the past 5 days, with a $0.28 gain in that time frame. In the last twenty days, the average volume was 1,508,435, while in the previous 50 days, it was 1,355,206.
Since last month, LNT stock retreated -4.63%. Shares of the company fell to $49.83 on 08/21/23, the lowest level in the past month. A 52-week high of $63.60 was reached on 07/26/23 after having rallying from a 52-week low of $47.19. Since the beginning of this year, LNT’s stock price has dropped by -7.93% or -$4.38, and marked a new high 4 times. However, the stock has declined by -20.08% since its 52-week high.
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Valuation Metrics
Right now, Alliant Energy Corporation (LNT) has a P/E ratio of about 19.45. The stock’s beta is 0.55. Besides these, the trailing price-to-sales (P/S) ratio of 3.04, the price-to-book (PB) ratio of 1.98.
The latest dividend of $0.4525 per share was paid out, remained unchanged from last year’s $0.4525. On Thursday January 26 2023, a $0.0250 dividend increase was announced.
Financial Health
In the three months ended June 29, Alliant Energy Corporation’s quick ratio stood at 0.40, while its current ratio was 0.60, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 1.27, and the total debt-to-equity ratio was 1.40. On the profitability front, the trailing twelve-month gross margin is 90.70% percent. In the year ended June 29, EBITDA margin amounted to 38.03%, whereas operating margins totaled 21.70%. Based on annual data, LNT earned $928.0 million in gross profit and brought in $4.21 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 6.00%. Return on equity (ROE) for the past 12 months was 10.40%.
In Alliant Energy Corporation’s quarter-end financial report for June 29, it reported total debt of $8.19 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. LNT’s revenue fell -3.35% to $1.09 billion during the quarter, while net income inched up to $925.0 million. While analysts expected Alliant Energy Corporation to report $0.57 quarterly earnings, the actual figure was $0.64 per share, beating the consensus estimate by 12.30%. During the quarter, the company generated $384.0 million in EBITDA. The liabilities of Alliant Energy Corporation were 13.93 billion at the end of its most recent quarter ended June 29, and its total debt was $9.04 billion. The value of shareholders’ equity is $252.72 million.
Technical Picture
This quick technical analysis looks at Alliant Energy Corporation’s (LNT) price momentum. With a historical volatility rate of 8.07%, the RSI 9-day stood at 45.01% on 30 August.
With respect to its five-day moving average, the current Alliant Energy Corporation price is up by +0.55% percent or $0.28. At present, LNT shares trade -4.60% below its 20-day simple moving average and -7.67% percent below its 100-day simple moving average. However, the stock is currently trading approximately -4.02% below its SMA50 and -8.45% below its SMA200.
Stochastic coefficient K was 44.04% and Stochastic coefficient D was 39.79%, while ATR was 0.74. Given the Stochastic reading of 46.97% for the 14-day period, the RSI (14) reading has been calculated as 42.39%. As of today, the MACD Oscillator reading stands at 0.20, while the 14-day reading stands at 0.12.
Analyst Ratings
BofA Securities upgraded its rating on Alliant Energy Corporation (NASDAQ: LNT) to a Buy in a note to investors on June 26, 2023. The analysts firm previously had a Neutral rating on the stock.Alliant Energy Corporation (LNT) has been rated Overweight by analysts. According to 0 brokerage firms, LNT is a sell, and 7 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Alliant Energy Corporation stock as buy, with 4 recommending it as overweight.
With a median target price of $55.50, the current consensus forecast for the stock is $49.00 – $64.00. Based on these forecasts, analysts predict Alliant Energy Corporation (LNT) will achieve an average price target of $55.25.
