LNT Stock Summary and Trading Ideas (Alliant Energy | NASDAQ:LNT)

Alliant Energy is the parent of two regulated utilities, Interstate Power and Light and Wisconsin Power and Light, serving nearly 1 million electric customers and 425,000 natural gas-only customers. Both subsidiaries engage in the generation and distribution of electricity and the distribution and transportation of natural gas. Alliant also owns a 16% interest in American Transmission Co.

Alliant Energy trades on the NASDAQ stock market under the symbol LNT.

As of April 18, 2024, LNT stock price climbed to $48.84 with 1,055,483 million shares trading.

LNT has a beta of 0.43, meaning it tends to be less sensitive to market movements. LNT has a correlation of 0.08 to the broad based SPY ETF.

LNT has a market cap of $12.51 billion. This is considered a Large Cap stock.

Last quarter Alliant Energy reported $961 million in Revenue and $.48 earnings per share. This fell short of revenue expectation by $-159 million and missed earnings estimates by -$.07.

In the last 3 years, LNT stock traded as high as $65.37 and as low as $45.15.

The top ETF exchange traded funds that LNT belongs to (by Net Assets): VTI, VOO, VO, DVY, SDY.

LNT has underperformed the market in the last year with a return of -7.4%, while the SPY ETF gained +22.3%. In the last 3 month period, LNT fell short of the market, returning -0.4%, while SPY returned +6.1%. However, in the most recent 2 weeks LNT has outperformed the stock market by returning -1.2%, while SPY returned -3.8%.

LNT support price is $47.81 and resistance is $49.03 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that LNT stock will trade within this expected range on the day.