LNT stock: buy or sell?
July 15th, 2019
Alliant Energy Corporation operates as a utility holding company that provides regulated electricity and natural gas services in the Midwest region of the United States.
Should I buy LNT stock?You can't be a successful trader if you don't follow a methodolgy or system that assist you in choosing companies and the correct market timing. Following a trading plan helps to make decisions easier, quicker and with less hesitations. At Stocks2.com, we use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.
These 2 buy setups are elegible for Alliant Energy stock now:
|New all-time high||Yes|
|New 52 week high||Yes|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
Is Alliant Energy stock a buy?
Banks and financial institutions post stock ratings everyday.At Stocks2.com, we detected 5 ratings published for LNT stock in the last 30 days.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-6-26||Bank of America||Neutral||Buy|
|2019-1-31||Bank of America||Underperform||Neutral|
|2019-1-30||Wells Fargo & Co||Market Perform||Outperform|
|2019-1-22||Wolfe Research||Underperform||Market Perform|
LNT stock analysis
After several days of continuous hikes in past weeks, Alliant Energy stayed constant 0.30% to $50.00.
Alliant Energy stayed constant 0.30% today to $50.00 after reaching all time highs on Wednesday. On Wednesday, LNT hit new all time highs, pushing higher previous ATH of $50.37 recorded on July/3. New ATHs are usual entry points for many trading setups as there aren't higher resistences. Since last March when SMA50d and SMA100d crossed up, LNT price gained $3.66 per share (7.90%). On May LNT price bounced up over the SMA of 50 days demonstrating to be a significant support for this stock.
Alliant Energy closed this week at $50.00 and stayed constant a tiny 0.30%.
Alliant Energy stock is trading in the range of its last top and last bottom. Loosing would mean breaking the current uptrend. Breakdowns under last bottom are selling point signals for some trading strategies. Not so far away is the last price record Alliant Energy marked last week. By mid January LNT price bounced up over the SMA of 40 weeks that acted as support stopping new slides.
LNT stock price history
LNT stock historical price chart
LNT stock reached all-time highs on Wednesday with a price of $50.60.
LNT stock price target is $51.50Predicting the price evolution of a stock or any financial instrument in a reliable and repeatable way is probably impossible. However, many stock price predictions are published every day by banks, financial institutions and independent analysts. You should not follow the analysts' LNT stock price predictions in the hope that they will be met as they may be wrong and not met. For the last month we found 2 price predictions for LNT stock:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-6-26||Bank of America||Upgrades||$50.00||$54.00||8%|
|2019-1-30||Wells Fargo & Co||Raises Target||$47.00||$49.00||4.3%|
Financials and fundamental analysis
Earnings date and Earnings per ShareAfter posting its last earnings report on February, Alliant Energy soared a great 10.40%. Unfortunately, reported EPS is not yet available in our database.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsIn 2018, Alliant Energy annual sales inched a beatiful 4.50% to $3,534.50 M USD from $3,382.20 marked in 2017. Improving that, its income margin (compared to revenues) remained stable to 14.78%, that is $522.30 million.
|2013||$3,280 M||-||$382 M11.6%||-|
|2014||$3,350 M||2.14%||$393 M11.7%||2.93%|
|2015||$3,254 M||-2.89%||$388 M11.9%||-1.25%|
|2016||$3,320 M||2.04%||$382 M11.5%||-1.73%|
|2017||$3,382 M||1.87%||$468 M13.8%||22.48%|
|2018||$3,535 M||4.50%||$522 M14.8%||11.72%|
Quarterly financial resultsAlliant Energy posted $873.50 M in revenues for 2018-Q4, a -5.93% less compared to previous quarter. Reported quarter income marked $87.80 million with a profit margin of 10.05%. Profit margin plunged a -12.36% compared to previous quarter when profit margin was 22.41%. When comparing turnover to same quarter last year, Alliant Energy sales marked a slightly good increase and appreciated a 2.03%.
|2017-Q1||$854 M||-||$102 M11.9%||-|
|2017-Q2||$765 M||-10.38%||$97 M12.6%||-4.72%|
|2017-Q3||$907 M||18.50%||$171 M18.9%||77.07%|
|2017-Q4||$856 M||-5.60%||$96 M11.2%||-43.82%|
|2018-Q1||$916 M||7.03%||$124 M13.5%||28.25%|
|2018-Q2||$816 M||-10.94%||$103 M12.6%||-16.68%|
|2018-Q3||$929 M||13.79%||$208 M22.4%||102.24%|
|2018-Q4||$874 M||-5.93%||$88 M10.1%||-57.81%|
Alliant Energy ownershipWhen you are planning to invest in a stock, it's always worth to have a look its ownership structure.
Alliant Energy shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 0.18% of all shares.
In case of Alliant Energy stock, 78.04% of its shares are held by institutions (mutual funds, pension funds, big banks and other large financial institutions). Bearish positions for LNT stock account 0.00%, no big difference from last month.
The following table compares ownership indicators for other stocks related to Alliant Energy:
|Market cap||$11.9 B||$18.7 B||$4.5 B||$16.6 B||$23.8 B|
|Total shares||237.4 M||245.6 M||51.6 M||283.8 M||183.2 M|
|Float shares||237.0 M||244.4 M||51.4 M||281.8 M||181.9 M|
|- Institutional holdings (%)||78.0%||74.4%||71.5%||94.5%||74.2%|
|- Insider holdings (%)||0.2%||0.4%||0.6%||0.6%||0.6%|
|Shares in short selling||0.0%||0.0%||0.0%||0.0%||0.0%|
|Monday, July 15th, 2019|
|Day range||$49.60 - $50.08|
|Average true range||$0.73|
|50d mov avg||$48.66|
|100d mov avg||$47.44|
|200d mov avg||$45.21|
Alliant Energy performancePerformance as an absolute value is never valid if it's not benchmarked against competitors or related stocks in the industry. We selected Ameren, Allete, CMS Energy, DTE Energy, Duke Energy, , MGE Energy, WEC Energy and Xcel Energy as the bechmarking frame for Alliant Energy stock.