Alliant Energy Corp (NASDAQ:LNT) shares, rose in value, with the stock price up by 1.64% to the previous day’s close as strong demand from buyers drove the stock to $62.11.
Actively observing the price movement in the recent trading, the stock is buoying the session at $61.11. The PE ratio was 23.12 over 12-month period. Referring to stock’s 52-week performance, its high was $66.54, and the low was $49.04. On the whole, LNT has fluctuated by 2.80% over the past month.
With the market capitalization of Alliant Energy Corp currently standing at about $15.95 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 1.97, with its dividend yield at 3.18%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that LNT’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 3.56, with the price of LNT currently trading nearly 1.72% and -0.07% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 54.23, while the 7-day volatility ratio is showing 1.78% which for the 30-day chart, stands at 2.43%. Furthermore, Alliant Energy Corp (LNT)’s beta value is 0.58, and its average true range (ATR) is 1.40.
A comparison of Alliant Energy Corp (LNT) with its peers suggests the former has fared considerably weaker in the market. LNT showed an intraday change of 1.64% in today’s session so far, and over the past year, it grew by 21.47%%.
Data on historical trading for Alliant Energy Corp (NASDAQ:LNT) indicates that the trading volumes over the past 3 months, they’ve averaged 2.15 million. According to company’s latest data on outstanding shares, there are 256.32 million shares outstanding.
Nearly 0.25% of Alliant Energy Corp’s shares belong to company insiders and institutional investors own 83.86% of the company’s shares. The stock has risen by 5.02% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the LNT stock heading into the next quarter.
