Alliant Energy Stock (NASDAQ:LNT), Trade Ideas

Alliant Energy

NYSE

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 Corporation

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U.S. stocks traded lower this morning, with the Dow Jones dropping over 100 points on Wednesday.

Following the market opening Wednesday, the Dow traded down 0.34% to 33,860.62 while the NASDAQ fell 0.66% to 12,073.62. The S&amp;P 500, also fell, dropping, 0.42% to 4,137.31.

Dow Drops Over 100 Points; Morgan Stanley Profit Beats Views

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Mizuho Downgrades Alliant Energy To Neutral On Changing Regulatory Environment

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The SPDR Select Sector Fund Utilities (ARCA: XLU) is down roughly 10% year-to-date and only invests in utility companies that are included in the S&amp;P 500.

With gas futures surging after OPEC+ decided to cut 2 million barrels per day in oil production, many investors are preparing for a winter season with an oil and gas supply crunch.

These 2 High Yielders Could Benefit From An Energy Rally As OPEC+ Cuts Oil Production

Alliant Energy Corporation - Common Stock

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Scotiabank analyst Andrew Weisel maintains Alliant Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LNT#NASDAQ">LNT</a>) with a Sector Outperform and lowers the price target from $57 to $53.

Scotiabank Maintains Sector Outperform on Alliant Energy, Lowers Price Target to $53

BMO Capital analyst James Thalacker maintains Alliant Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LNT#NASDAQ">LNT</a>) with a Market Perform and raises the price target from $51 to $53.

BMO Capital Maintains Market Perform on Alliant Energy, Raises Price Target to $53

B of A Securities analyst Julien Dumoulin-Smith maintains Alliant Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LNT#NASDAQ">LNT</a>) with a Buy and lowers the price target from $55 to $54.

B of A Securities Maintains Buy on Alliant Energy, Lowers Price Target to $54

Alliant Energy Corp Sees 2028-2032 Capex Outlook $10B-$14B

Alliant Energy's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LNT#NYSE">LNT</a>) short percent of float has risen 6.05% since its last report. The company recently reported that it has 5.07 million shares sold short, which is 2.28% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.81 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Alliant Energy Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1710430221_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Alliant Energy has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Alliant Energy's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Alliant Energy's peer group average for short interest as a percentage of float is 2.68%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

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Peering Into Alliant Energy's Recent Short Interest

Offerings

Alliant Energy Subsidiary Reports Pricing Of Its Public Offering Of $300M Of 5.375% Debentures

Alliant Energy Affirms 2024 EPS Guidance Of $2.99-$3.13, Est $3.07

Alliant Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LNT#NASDAQ">LNT</a>) reported quarterly Adj earnings of $0.48 per share which missed the analyst consensus estimate of $0.55 by 12.73 percent. This is a 4.35 percent increase over earnings of $0.46 per share from the same period last year. The company reported quarterly sales of $961.00 million which missed the analyst consensus estimate of $1.12 billion by 14.20 percent. This is a 9.17 percent decrease over sales of $1.06 billion the same period last year.

Alliant Energy Q4 Adj EPS $0.48 Misses $0.55 Estimate, Sales $961.00M Miss $1.12B Estimate

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Earnings Scheduled For February 15, 2024

Alliant Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LNT#NASDAQ">LNT</a>) is set to give its latest quarterly earnings report on Thursday, 2024-02-15. Here's what investors need to know before the announcement.
Analysts estimate that Alliant Energy will report an earnings per share (EPS) of $0.55. 
Alliant Energy bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Past Earnings Performance</h3>
Last quarter the company beat EPS by $0.17, which was followed by a 1.67% increase in the share price the next day.
Here's a look at Alliant Energy's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.88</td>
<td>0.57</td>
<td>0.73</td>
<td>0.47</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.05</td>
<td>0.64</td>
<td>0.65</td>
<td>0.46</td>
</tr>
<tr>
<td>Price Change %</td>
<td>1.67%</td>
<td>-0.89%</td>
<td>0.57%</td>
<td>-0.51%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1707919254_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Alliant Energy were trading at $47.57 as of February 12. Over the last 52-week period, shares are down 10.48%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release. 
<a href="https://www.benzinga.com/quote/LNT/earnings">To track all earnings releases for Alliant Energy visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

A Preview Of Alliant Energy's Earnings

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Alliant Energy shares are trading lower after BMO Capital downgraded the stock from Outperform to Market Perform.

BMO Capital analyst James Thalacker downgrades Alliant Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LNT#NASDAQ">LNT</a>) from Outperform to Market Perform and announces $55 price target.

BMO Capital Downgrades Alliant Energy to Market Perform, Announces $55 Price Target

Barclays analyst Nicholas Campanella downgrades Alliant Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LNT#NASDAQ">LNT</a>) from Overweight to Equal-Weight and raises the price target from $50 to $53.

Barclays Downgrades Alliant Energy to Equal-Weight, Raises Price Target to $53

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Shares of utilities stocks are trading higher amid a drop in Treasury yields following softer-than-expected October CPI data.

Alliant Energy Finance, LLC (&quot;AEF&quot;), a wholly owned subsidiary of Alliant Energy Corporation announced the pricing of a private offering of&nbsp;$300 million&nbsp;aggregate principal amount of&nbsp;5.950%&nbsp;senior unsecured notes. The senior notes will be due on March 30, 2029. The closing of the offering is expected to occur on November 10, 2023, subject to customary closing conditions. The Company will fully and unconditionally guarantee the notes on a senior unsecured basis.
The net proceeds from the offering are intended to be used to reduce the Company&#39;s outstanding commercial paper and for general corporate purposes.

Alliant Energy Subsidiary Alliant Energy Finance Announces Pricing Of Private Offering Of $300M 5.950% Senior Unsecured Notes

Alliant Energy Issues 2024 EPS Guidance Of $2.99-$3.13 And Common Stock Dividend Target Of $1.92

Alliant Energy Narrows 2023 EPS Guidance From $2.82-$2.96 To $2.85-$2.93

Alliant Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LNT#NASDAQ">LNT</a>) reported quarterly adj. earnings of $1.05 per share which beat the analyst consensus estimate of $0.93. This is a 12.9 percent increase over earnings of $0.93 per share from the same period last year. The company reported quarterly sales of $1.08 billion which miss the analyst consensus estimate of $1.128 billion. This is a 5.11 percent decrease over sales of $1.14 billion the same period last year.

Alliant Energy Q3 Adj EPS $1.05 Beats $0.93 Estimate, Sales $1.08B Miss $1.128B Estimate

Alliant Energy Names John Larsen As Executive Chairman, Names Lisa Barton As CEO

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Benzinga's Top Ratings Upgrades, Downgrades For October 16, 2023

Alliant Energy Corporation (LNT) receives a weak  valuation ranking of 35 from InvestorsObserver data analysis. The proprietary ranking system focuses on the underlying health of a company through analysis of its stock price, earnings, and growth rate. LNT has a better value than 35% of stocks based on these valuation anal

What do the Fundamentals Predict for Alliant Energy Corporation (LNT) Stock?

Alliant Energy Corporation (LNT) stock is down -2.56% over the last 12 months, and the average rating from Wall Street analysts is a Buy. InvestorsObserver's proprietary ranking system, gives LNT stock a score of  33 out of a possible 100. That rank is chiefly influenced by a long-term technical score of 17. LNT's rank als

Alliant Energy Corporation (LNT) Stock Adds 0.76% This Week; Should You Buy?

Overall market sentiment has been down on Alliant Energy Corporation (LNT)  stock lately. LNT receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator. Alliant Energy Corporation has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on LNT!See Full LNT ReportWh