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Wednesday, February 8, 2023

Alliant Energy Corporation (LNT) Is Not Likely To Be The Same Tomorrow

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Alliant Energy Corporation (LNT) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $55.08. The Alliant Energy Corporation has recorded 301,506 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Alliant Energy Appoints Industry Veteran Lisa Barton as President and Chief Operating Officer.

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Stocks Info

Alliant Energy Corporation is listed on the NASDAQ in the Utilities sector while operating in the Utilities – Regulated Electric industry. At the end of the last regular session, the stock closed at $55.08 and fluctuated between $56.15 as its day high and $54.89 as its day low. The current market capitalization of Alliant Energy Corporation is $13.90B. A total of 1.41 million shares were traded on the day, compared to an average of 1.49M shares.

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, LNT has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 14 BUYs and 7 SELLs from insiders. Insiders purchased 188,303 shares during that period but sold 96,127.

In the most recent transaction, Falotico Nancy Joy bought 1,200 shares of LNT for 61.00 per share on Jun 09. After the transaction, the Director now owns 1,210 company shares.

Dividend

The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Alliant Energy Corporation pays an annual dividend of $1.71, resulting in a dividend yield of 3.10%, and it has a price to earnings (P/E) ratio of 20.77. LNT’s most recent ex-dividend date was 10/28/2022 when it declared a $0.4275 quarterly dividend that was paid in cash on 11/15/2022. Previously, the company paid the dividend on 8/15/2022 with an ex-dividend date of 7/28/2022. The LNT stock dividend was $0.4280 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for LNT in the last 3 months, the mean price target is $57.75 with high estimates of $63.00 and low estimates of $50.00. In terms of 52-week highs and lows, LNT has a high of $65.37 and a low of $47.19.

As of this writing, LNT has an earnings estimate of $1.01 per share for the current quarter. EPS was calculated based on a consensus of 5 estimates, with a high estimate of $1.07 per share and a lower estimate of $0.92. The company reported an EPS of $0.77 in the last quarter, which was 6.90% higher than expectations of $0.72.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 12 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for LNT is Hold with a score of 3.57. A total of 1 analysts rated the stock as Buy while 1 rated it as Overweight while 9 rated it as Hold. Among the other participants, 1 thought the stock was Underweight and 0 thought it should be Sold.

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