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

Godsey & Gibb Inc. increased its holdings in shares of Alliant Energy Co. (NASDAQ:LNT) by 0.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 373,584 shares of the company’s stock after acquiring 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. owned 0.15% of Alliant Energy worth $24,040,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. SBI Securities Co. Ltd. acquired a new position in Alliant Energy in the 4th quarter valued at $29,000. Larson Financial Group LLC grew its holdings in Alliant Energy by 67.5% in the 4th quarter. Larson Financial Group LLC now owns 722 shares of the company’s stock valued at $43,000 after buying an additional 291 shares in the last quarter. WASHINGTON TRUST Co grew its holdings in Alliant Energy by 251.2% in the 4th quarter. WASHINGTON TRUST Co now owns 878 shares of the company’s stock valued at $52,000 after buying an additional 628 shares in the last quarter. Newbridge Financial Services Group Inc. acquired a new position in Alliant Energy in the 4th quarter valued at $53,000. Finally, Optiver Holding B.V. grew its holdings in Alliant Energy by 382.5% in the 4th quarter. Optiver Holding B.V. now owns 912 shares of the company’s stock valued at $54,000 after buying an additional 723 shares in the last quarter. 79.90% of the stock is owned by institutional investors and hedge funds.

Alliant Energy Stock Performance

NASDAQ:LNT opened at $60.48 on Friday. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.72 and a current ratio of 0.86. Alliant Energy Co. has a fifty-two week low of $49.25 and a fifty-two week high of $66.54. The company has a market cap of $15.54 billion, a price-to-earnings ratio of 22.48, a PEG ratio of 2.83 and a beta of 0.57. The stock has a fifty day moving average price of $61.23 and a 200-day moving average price of $61.12.

Alliant Energy (NASDAQ:LNT) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.12. Alliant Energy had a return on equity of 11.39% and a net margin of 17.33%. The business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the prior year, the company earned $0.62 EPS. Alliant Energy’s revenue for the quarter was up 9.4% on a year-over-year basis. As a group, equities analysts anticipate that Alliant Energy Co. will post 3.23 EPS for the current fiscal year.

Alliant Energy Dividend Announcement

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

Analysts Set New Price Targets

A number of research analysts have commented on LNT shares. Wall Street Zen raised Alliant Energy from a “sell” rating to a “hold” rating in a report on Thursday, May 15th. Barclays lowered Alliant Energy from an “equal weight” rating to an “underweight” rating and upped their price objective for the company from $59.00 to $61.00 in a report on Tuesday, April 22nd. Jefferies Financial Group set a $71.00 price objective on Alliant Energy and gave the company a “buy” rating in a report on Tuesday, May 20th. BMO Capital Markets cut their target price on Alliant Energy from $66.00 to $64.00 and set a “market perform” rating for the company in a research report on Tuesday, April 22nd. Finally, Guggenheim reiterated a “neutral” rating and set a $57.00 target price on shares of Alliant Energy in a research report on Monday, February 24th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $63.95.

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.