Alliant Energy Corporation (LNT) : During the past 4 weeks, traders have been relatively bearish on Alliant Energy Corporation (LNT), hence the stock is down -3.59% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -0.18% relative to the S&P 500. The 4-week change in the price of the stock is -0.35% and the stock has fallen -0.25% in the past 1 week.
The stock has recorded a 20-day Moving Average of 1.41% and the 50-Day Moving Average is 4.42%. Alliant Energy Corporation is up 15% in the last 3-month period. Year-to-Date the stock performance stands at 32.21%.
Alliant Energy Corporation (NYSE:LNT): stock turned positive on Friday. Though the stock opened at $39.95, the bulls momentum made the stock top out at $40.27 level for the day. The stock recorded a low of $39.85 and closed the trading day at $40.25, in the green by 0.73%. The total traded volume for the day was 1,955,476. The stock had closed at $39.96 in the previous days trading.
Also, Barclays downgrades its rating on Alliant Energy Corporation (NYSE:LNT). The global brokerage major maintains a current price target of $39 per share. Analysts at the Barclays have a current rating of Equal-weight on the shares. The shares were previously rated Overweight. 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.