Nanco Falotico, a director at
Alliant Energy Corp (LNT), recently added 1,200 shares. The buy increased her stake by 12,000 percent, and came to a total price just over $73,000.
This marks the first insider activity since late 2019. Back then, there were a number of insider buys and sells. And going further back, both company directors and executives have been modest buyers and sellers of company shares.
Overall, insiders own 0.15 percent of the company.
The utility company shed 2 percent over the past year, largely in the past few weeks as stocks have slumped lower. Yet earnings are up 12 percent, and revenue has risen 19 percent.
Action to take: Like any utility, the company has a low growth profile. But trading at about 20 times earnings and with a profit margin of 17 percent, it’s faring relatively strongly for the space. Investors can also get a starting dividend of 3 percent, with room for future growth.
For traders, a move higher is likely in the next few months as either a flight to safety or a general market rally. That makes the October $60 calls, last going for about $1.50, look attractive for a rebound play.
Traders can likely nab mid-double-digit gains on a rally in this utility company, which usually tends to have a lower market volatility, although not at the moment.
Disclosure: The author of this article has no position in the company mentioned here, but may trade after the next 72 hours. The author receives no compensation from any of the companies mentioned in this article.