Here’s how investors should make decisions about buying, holding or selling Alliant Energy Corporation (NASDAQ:LNT) stock. On Thursday, shares of Alliant Energy Corporation (NASDAQ:LNT) closed lower after an active session. The shares dropped -0.21 points or -0.45 percent at $46.93 with a light trade volume of 1.874 million shares. After opening the session at $47.17, the shares went as high as $47.34 and as low as $46.83, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $11.1 billion and now has 235.77 million shares outstanding. Alliant Energy Corporation (LNT) stock has gained 4.4 percent of market value in 21 trading days.
LNT stock has a trailing 3-year beta of 0.32, offering the possibility of a lower rate of return, but also posing less risk. The portion of a company’s profit allocated to each outstanding share of common stock was $2.17 a share in the trailing twelve months. The stock’s value has surged 11.08 percent year to date (YTD) against a rise of 19.41 percent in 12 month’s time. The company’s shares still trade -0.85 percent away from its 1-year high of $47.33 and 22.79 percent up from 52-week low of $38.22. The average consensus rating on the company is 2.6, on a scale where 5 equates to a unanimous sell rating. In short, the mean analyst recommendations are calling this stock a sell.
Alliant Energy Corporation (LNT) will probably climb -3.17 percent over the next 12 months, according to price target estimates compiled by finviz. Meanwhile, they have set a $52-month high price target. This represents a whopping 10.8 percent increase from where shares are trading today. The 12-month median price target assigned by the analysts stands at $45, which represents a return potential of -4.11 percent when compared to the closing price of the stock of $46.93 on Thursday, March 14. The lowest price target for the stock is $41 — slightly more than -12.64 percent from LNT’s current share price.
History has shown that shares in Alliant Energy Corporation have gone up on 21 different earnings reaction days and are predicted to add 0.01 percent when the company reports upcoming earnings.
The stock is currently hovering around the first support level of $46.73. Below this, the next support is placed in the zone of $46.52. Till the time, the LNT stock trades above this level, bulls have nothing to fear. On momentum oscillators front, ‘RSI’ has touched 75.28 on daily chart, which may remain a cause for concern. If the price breaks below $46.52 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $47.24 mark may result into a pull-back move towards $47.54 level.
Shares of Alliant Energy Corporation (LNT) are trading at a P/E ratio of 21.75 times earnings reported for the past 12 months. The industry LNT operates in has an average P/E of 15.27. Its P/E ratio went as low as 18.49X and as high as 23.02 over the 5-year span.Further, it is sporting a 3.13 on the Price-to-Sales ratio. Compare this with the industry average P/S of 3.16. 93.4 percent is the gross profit margin for Alliant Energy Corporation and operating margin sits at 19.6 percent. Along with this, the net profit margin is 14.5 percent.