Godsey & Gibb Inc. Has $24.04 Million Position in Alliant Energy Co. (NASDAQ:LNT)

Godsey & Gibb Inc. boosted its position in Alliant Energy Co. (NASDAQ:LNT) by 0.9% in the first quarter, Holdings Channel.com reports. The firm owned 373,584 shares of the company’s stock after purchasing an additional 3,280 shares during the quarter. Alliant Energy comprises 2.4% of Godsey & Gibb Inc.’s portfolio, making the stock its 14th biggest holding. Godsey & Gibb Inc.’s holdings in Alliant Energy were worth $24,040,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Global Retirement Partners LLC increased its stake in shares of Alliant Energy by 8.2% in the fourth quarter. Global Retirement Partners LLC now owns 2,509 shares of the company’s stock valued at $148,000 after buying an additional 191 shares during the period. Utah Retirement Systems increased its stake in shares of Alliant Energy by 0.5% in the fourth quarter. Utah Retirement Systems now owns 42,394 shares of the company’s stock valued at $2,507,000 after buying an additional 200 shares during the period. Integrated Wealth Concepts LLC increased its stake in shares of Alliant Energy by 5.0% in the fourth quarter. Integrated Wealth Concepts LLC now owns 4,428 shares of the company’s stock valued at $262,000 after buying an additional 211 shares during the period. Savant Capital LLC increased its stake in shares of Alliant Energy by 1.5% in the fourth quarter. Savant Capital LLC now owns 15,937 shares of the company’s stock valued at $942,000 after buying an additional 237 shares during the period. Finally, Accredited Investors Inc. increased its stake in shares of Alliant Energy by 7.6% in the fourth quarter. Accredited Investors Inc. now owns 3,691 shares of the company’s stock valued at $218,000 after buying an additional 262 shares during the period. Institutional investors and hedge funds own 79.90% of the company’s stock.

Wall Street Analyst Weigh In

LNT has been the subject of several recent research reports. UBS Group increased their price target on Alliant Energy from $65.00 to $68.00 and gave the company a “neutral” rating in a research note on Friday, March 21st. BMO Capital Markets decreased their price target on Alliant Energy from $66.00 to $64.00 and set a “market perform” rating for the company in a research note on Tuesday, April 22nd. Wall Street Zen raised Alliant Energy from a “sell” rating to a “hold” rating in a research note on Thursday, May 15th. Barclays cut Alliant Energy from an “equal weight” rating to an “underweight” rating and increased their price target for the company from $59.00 to $61.00 in a research note on Tuesday, April 22nd. Finally, Jefferies Financial Group set a $71.00 target price on Alliant Energy and gave the stock a “buy” rating in a research note on Tuesday, May 20th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Alliant Energy currently has a consensus rating of “Hold” and an average target price of $63.95.

Alliant Energy Trading Up 0.3%

NASDAQ LNT opened at $60.48 on Friday. The business has a 50 day simple moving average of $61.23 and a 200 day simple moving average of $61.12. Alliant Energy Co. has a one year low of $49.25 and a one year high of $66.54. The stock has a market capitalization of $15.54 billion, a P/E ratio of 22.48, a P/E/G ratio of 2.83 and a beta of 0.57. 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, May 8th. The company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.12. The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.09 billion. Alliant Energy had a return on equity of 11.39% and a net margin of 17.33%. The company’s quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.62 earnings per share. Research analysts expect that Alliant Energy Co. will post 3.23 earnings per share for the current year.

Alliant Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th were issued a $0.5075 dividend. The ex-dividend date was Wednesday, April 30th. This represents a $2.03 annualized dividend and a yield of 3.36%. Alliant Energy’s payout ratio is currently 70.00%.

Alliant Energy 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.