Shares of Alliant Energy Corporation (LNT) Sees Large Inflow of Net Money Flow

Alliant Energy Corporation (LNT) : Alliant Energy Corporation (LNT) had a healthy money flow of $5.32 million into the stock during the Wednesdays trading session. The value of bullish trades on upticks was $11.07 million, whereas, investors only sold shares worth $5.74 million on downticks. The stock closed the day with an up-down ratio of 1.93.The money flow in the block trades to the tune of $5.77 million shows that the bulls were dominant, the large players used the weakness in the stock to accumulate it for the long-term. $5.77 million worth of transactions were on upticks. Alliant Energy Corporation (LNT) stock slid $0.29 intraday and traded at 39.39, a change of -0.73% over previous days close. However, for the week, the company shares are -1.8% compared to previous weeks close.

Alliant

Alliant Energy Corporation has dropped 0.78% in the last five trading days, however, the shares have posted positive gains of 2.98% in the last 4 weeks. Alliant Energy Corporation has dropped 0.35% during the last 3-month period . Year-to-Date the stock performance stands at 29.38%.

Alliant Energy Corporation (LNT) : The consensus on Alliant Energy Corporation (LNT) based on 5 analyst recommendation on the company stock is 2.2, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 2 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 3 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Alliant Energy Corporation (NYSE:LNT): stock was range-bound between the intraday low of $39.015 and the intraday high of $39.81 after having opened at $39.76 on Wednesdays session. The stock finally closed in the red at $39.76, a loss of -0.73%. The stock remained in the red for the whole trading day. The total traded volume was 1,131,745 shares. The stock failed to cross $39.81 in Wednesdays trading. The stocks closing price on Thursday was $39.68.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.