Alliant Energy Corp. (NASDAQ: LNT) Could Achieve Gains In The Near Future

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. Earlier, Yahoo Finance discussed this stock as it revealed Alliant Energy Announces 2023 Results.

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Stocks Info

Alliant Energy Corp. is listed on the NASDAQ in the Utilities sector while operating in the Utilities – Regulated Electric industry. The current market capitalization of Alliant Energy Corp. is $12.45B. A total of 1.54 million shares were traded on the day, compared to an average of 1.98M 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 13 BUYs and 6 SELLs from insiders. Insiders purchased 161,280 shares during that period but sold 64,034.

In the most recent transaction, Barton Lisa M bought 1,100 shares of LNT for 48.56 per share on Feb 20. After the transaction, the President and CEO now owns 36,444 company shares. In a previous transaction on Feb 20, Sundararajan Raja bought 500 shares at 48.26 per share. LNT shares that Executive Vice President owns now total 10,556.

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 Corp. pays an annual dividend of $1.84, resulting in a dividend yield of 3.78%, and it has a price to earnings (P/E) ratio of 17.51. LNT’s most recent ex-dividend date was 1/30/2024 when it declared a $0.48 quarterly dividend that was paid in cash on 2/15/2024. Previously, the company paid the dividend on 11/15/2023 with an ex-dividend date of 10/30/2023. The LNT stock dividend was $0.4525 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 $53.46 with high estimates of $57.00 and low estimates of $51.00. In terms of 52-week highs and lows, LNT has a high of $56.26 and a low of $45.15.

As of this writing, LNT has an earnings estimate of $0.65 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of $0.82 per share and a lower estimate of $0.32. The company reported an EPS of $1.05 in the last quarter, which was 12.90% higher than expectations of $0.93.

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. 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 $26.50, while its Total Shareholder’s Equity was $5.99B.

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, 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 3.80.

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