Godsey & Gibb Inc. Sells 966 Shares of Alliant Energy Co. (NASDAQ:LNT)

Godsey & Gibb Inc. decreased its position in shares of Alliant Energy Co. (NASDAQ:LNT) by 0.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 370,304 shares of the company’s stock after selling 966 shares during the quarter. Alliant Energy accounts for approximately 2.2% of Godsey & Gibb Inc.’s investment portfolio, making the stock its 19th largest position. Godsey & Gibb Inc. owned 0.14% of Alliant Energy worth $21,900,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Point72 Asset Management L.P. bought a new position in Alliant Energy in the 2nd quarter valued at approximately $42,367,000. Massachusetts Financial Services Co. MA increased its position in Alliant Energy by 8.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 6,512,770 shares of the company’s stock valued at $395,260,000 after acquiring an additional 512,429 shares during the period. Retirement Systems of Alabama raised its stake in shares of Alliant Energy by 698.3% during the third quarter. Retirement Systems of Alabama now owns 451,477 shares of the company’s stock valued at $27,400,000 after acquiring an additional 394,920 shares during the last quarter. Weiss Asset Management LP acquired a new position in shares of Alliant Energy during the third quarter worth $10,705,000. Finally, Millennium Management LLC lifted its holdings in shares of Alliant Energy by 2,141.3% during the second quarter. Millennium Management LLC now owns 180,402 shares of the company’s stock worth $9,182,000 after purchasing an additional 172,353 shares during the period. 79.90% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently weighed in on LNT. UBS Group increased their price objective on shares of Alliant Energy from $64.00 to $65.00 and gave the stock a “neutral” rating in a research report on Friday, September 20th. BMO Capital Markets decreased their price target on Alliant Energy from $65.00 to $61.00 and set a “market perform” rating for the company in a report on Monday, November 4th. Barclays cut their target price on Alliant Energy from $61.00 to $59.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 6th. Mizuho raised their target price on Alliant Energy from $52.00 to $61.00 and gave the stock a “neutral” rating in a research note on Friday, October 4th. Finally, Scotiabank lowered Alliant Energy from a “sector outperform” rating to a “sector perform” rating and boosted their price target for the company from $64.00 to $67.00 in a research note on Thursday, December 12th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $63.39.

Alliant Energy Trading Up 1.2 %

LNT opened at $58.47 on Thursday. The firm has a market capitalization of $15.00 billion, a price-to-earnings ratio of 22.66, a PEG ratio of 2.65 and a beta of 0.60. Alliant Energy Co. has a one year low of $46.80 and a one year high of $64.19. The business has a 50 day simple moving average of $60.05 and a two-hundred day simple moving average of $58.54. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.86 and a quick ratio of 0.72.

Alliant Energy (NASDAQ:LNT) last announced its quarterly earnings results on Thursday, October 31st. The company reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.05. The company had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.08 billion. Alliant Energy had a net margin of 16.66% and a return on equity of 10.56%. Alliant Energy’s quarterly revenue was up .4% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.05 earnings per share. Analysts predict that Alliant Energy Co. will post 3.04 EPS for the current year.

About Alliant Energy

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.