Large Inflow of Money Witnessed in Alliant Energy Corporation

Alliant Energy Corporation (NYSE:LNT) : Wednesdays money flow points at investors jumping to buy the stock on the weakness of price. $3.12 million worth of transactions were on upticks, whereas, the downticks accounted for $2.62 million worth of transactions. The net money flow was a positive $0.5 million and the uptick to downtick ratio was 1.19. The net money flow into the stock was $0.49 million. The lack of interest in trading on downticks shows that the investors dont want to sell their holdings. The upticks accounted for $0.49 million of the total block trades, indicating continued buying interest on weakness, which bodes well for the future of the stock. Alliant Energy Corporation (NYSE:LNT) was trading at $39.78, down $0.04 during day. The stock slid -0.09% over the previous days close. For the week, the stock recorded 1.26% over the previous weeks close.


In an insider trading activity, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of Alliant Energy Corp, Dunie Deborah B. had purchased shares worth of $73,110 in a transaction dated on May 10, 2016. A total of 1,000 shares were purchased at a price of $73.11 per share. The information is based on open market trades at the market prices.Option exercises are not covered. Currently 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 50% . Institutional Investors own 32.92% of Alliant Energy Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -26.97%.

The company shares have rallied 36.97% from its 1 Year high price. On Jun 27, 2016, the shares registered one year high at $39.97 and the one year low was seen on Sep 4, 2015. The 50-Day Moving Average price is $37.78 and the 200 Day Moving Average price is recorded at $34.96. Alliant Energy Corporation (NYSE:LNT): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $40.02 and $39.75 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $40.24. The buying momentum continued till the end and the stock did not give up its gains. It closed at $39.82, notching a gain of 0.03% for the day. The total traded volume was 867,280 . The stock had closed at $39.81 on the previous day.

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.

Leave a Reply

Get Pre-Market Alerts!

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