An Evaluation Of Alliant Energy Corporation (NASDAQ: LNT) Prospects

After Hours

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. After-hours trades for Alliant Energy Corporation (LNT) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $55.03. The Alliant Energy Corporation has recorded 60,435 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Alliant Energy Announces First Quarter 2023 Results.

Stocks Info

LNT belongs to the Utilities sector of the NASDAQ while operating in the Utilities – Regulated Electric industry. At the end of the last regular session, the stock closed at $55.03 and fluctuated between $55.37 as its day high and $54.66 as its day low. The current market capitalization of Alliant Energy Corporation is $13.73B. A total of 1.09 million shares were traded on the day, compared to an average of 1.60M shares.

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, LNT has seen 12 BUY and 5 SELL insider trades, representing the acquisition of 156,493 and the disposition of 63,534 shares. Over the last 12 months, there were 13 BUYs and 7 SELLs from insiders. Insiders purchased 157,693 shares during that period but sold 63,934.

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

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Alliant Energy Corporation pays an annual dividend of $1.81, resulting in a dividend yield of 3.29%, and it has a price to earnings (P/E) ratio of 21.08. LNT’s most recent ex-dividend date was 4/27/2023 when it declared a $0.4525 quarterly dividend that was paid in cash on 5/15/2023. Previously, the company paid the dividend on 2/15/2023 with an ex-dividend date of 1/30/2023. The LNT stock dividend was $0.4525 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for LNT in the last 3 months, the mean price target is $58.14 with high estimates of $64.00 and low estimates of $52.00. In terms of 52-week highs and lows, LNT has a high of $64.62 and a low of $47.19.

As of this writing, LNT has an earnings estimate of $0.52 per share for the current quarter. EPS was calculated based on a consensus of 4 estimates, with a high estimate of $0.65 per share and a lower estimate of $0.22.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. LNT’s latest balance sheet shows that the firm has $39.00M in Cash & Short Term Investments as of fiscal 2021. There were $7.88B in debt and $2.05B in liabilities at the time. Its Book Value Per Share was $25.19, while its Total Shareholder’s Equity was $5.99B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 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 Buy with a score of 3.67.