Godsey & Gibb Inc. Decreases Stake in Alliant Energy Co. (NASDAQ:LNT)

Godsey & Gibb Inc. cut its holdings in shares of Alliant Energy Co. (NASDAQ:LNT) by 0.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 370,304 shares of the company’s stock after selling 966 shares during the period. Alliant Energy makes up 2.2% of Godsey & Gibb Inc.’s portfolio, making the stock its 19th biggest position. Godsey & Gibb Inc.’s holdings in Alliant Energy were worth $21,900,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Private Advisor Group LLC grew its position in Alliant Energy by 2.1% in the 2nd quarter. Private Advisor Group LLC now owns 12,985 shares of the company’s stock worth $661,000 after purchasing an additional 268 shares during the period. Acadian Asset Management LLC grew its holdings in shares of Alliant Energy by 453.7% in the second quarter. Acadian Asset Management LLC now owns 9,590 shares of the company’s stock worth $487,000 after acquiring an additional 7,858 shares during the period. Oppenheimer & Co. Inc. increased its position in Alliant Energy by 1.7% during the second quarter. Oppenheimer & Co. Inc. now owns 29,398 shares of the company’s stock valued at $1,496,000 after acquiring an additional 490 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in Alliant Energy by 5.5% in the second quarter. Envestnet Asset Management Inc. now owns 641,036 shares of the company’s stock valued at $32,629,000 after acquiring an additional 33,214 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in Alliant Energy by 9.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,293,966 shares of the company’s stock valued at $65,865,000 after acquiring an additional 116,399 shares during the period. 79.90% of the stock is currently owned by institutional investors.

Alliant Energy Price Performance

NASDAQ:LNT opened at $58.47 on Thursday. The stock has a market cap of $15.00 billion, a PE ratio of 22.66, a P/E/G ratio of 2.65 and a beta of 0.60. The company has a quick ratio of 0.72, a current ratio of 0.86 and a debt-to-equity ratio of 1.33. The business’s 50-day simple moving average is $60.05 and its two-hundred day simple moving average is $58.54. Alliant Energy Co. has a 52 week low of $46.80 and a 52 week high of $64.19.

Alliant Energy (NASDAQ:LNT) last posted its quarterly earnings results on Thursday, October 31st. The company reported $1.15 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.05. Alliant Energy had a return on equity of 10.56% and a net margin of 16.66%. The company had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.08 billion. During the same period in the previous year, the firm earned $1.05 EPS. The firm’s revenue was up .4% compared to the same quarter last year. As a group, analysts forecast that Alliant Energy Co. will post 3.04 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Mizuho upped their price target on shares of Alliant Energy from $52.00 to $61.00 and gave the company a “neutral” rating in a research report on Friday, October 4th. Wells Fargo & Company reduced their target price on shares of Alliant Energy from $66.00 to $65.00 and set an “overweight” rating for the company in a report on Monday, November 4th. Scotiabank cut shares of Alliant Energy from a “sector outperform” rating to a “sector perform” rating and lifted their price target for the stock from $64.00 to $67.00 in a research note on Thursday, December 12th. UBS Group boosted their price objective on shares of Alliant Energy from $64.00 to $65.00 and gave the company a “neutral” rating in a research report on Friday, September 20th. Finally, BMO Capital Markets lowered their target price on Alliant Energy from $65.00 to $61.00 and set a “market perform” rating on the stock in a research report on Monday, November 4th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Alliant Energy presently has a consensus rating of “Hold” and a consensus price target of $63.39.

Alliant Energy Company Profile

Alliant Energy Corporation operates as a utility holding company that provides regulated electricity and natural gas services in the United States. It operates in three segments: Utility Electric Operations, Utility Gas Operations, and Utility Other. The company, through its subsidiary, Interstate Power and Light Company (IPL), primarily generates and distributes electricity, and distributes and transports natural gas to retail customers in Iowa; sells electricity to wholesale customers in Minnesota, Illinois, and Iowa; and generates and distributes steam in Cedar Rapids, Iowa.