Alliant Energy Corporation (LNT) Shares are Up 0.38%

Alliant Energy Corporation (LNT) has been under a strong bear grip, hence the stock is down -0.7% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.33% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.38% in the last 1 week, and is up 0.33% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 0.35% and the 50-Day Moving Average is 0.65%. Alliant Energy Corporation (NYSE:LNT): stock turned positive on Friday. Though the stock opened at $39.55, the bulls momentum made the stock top out at $39.78 level for the day. The stock recorded a low of $39.475 and closed the trading day at $39.54, in the green by 0.36%. The total traded volume for the day was 956,760. The stock had closed at $39.4 in the previous days trading.


The company Insiders own 0.34% of Alliant Energy Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -3% . Institutional Investors own 40.72% of Alliant Energy Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -5.91%. Also, In the latest statement by the brokerage house, Barclays downgrades its outlook on Alliant Energy Corporation (NYSE:LNT). The current rating of the shares is Equal-weight, according to the research report released by the firm. Previously, the company had a rating of Overweight. The brokerage firm maintains the price target at $39 per share. The rating by the firm was issued on June 10, 2016.

Alliant Energy Corporation (Alliant Energy) is a regulated investor-owned public utility holding company. The Company provides regulated electric and natural gas services in Iowa, Wisconsin and Minnesota. The Companys business segments are Utility and Non-regulated, Parent and Other. The Utility segment includes the operations of Interstate Power and Light Company (IPL) and Wisconsin Power and Light Company (WPL). The utility business segment includes utility electric operations, utility gas operations and utility other, which includes steam operations and the unallocated portions of the utility business. The Companys Non-regulated, Parent and Other segment includes the operations of Alliant Energy Resources, LLC (Resources) and its subsidiaries; Alliant Energy Corporate Services, Inc. (Corporate Services); the Alliant Energy parent company, and any Alliant Energy parent company consolidating adjustments.

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