Hummer Financial Advisory Services Inc Sells 600 Shares of Alliant Energy Co. (NASDAQ:LNT)

Hummer Financial Advisory Services Inc decreased its holdings in shares of Alliant Energy Co. (NASDAQ:LNT) by 12.8% in the fourth quarter, HoldingsChannel reports. The fund owned 4,100 shares of the company’s stock after selling 600 shares during the quarter. Hummer Financial Advisory Services Inc’s holdings in Alliant Energy were worth $242,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of LNT. Massmutual Trust Co. FSB ADV lifted its position in shares of Alliant Energy by 7.2% in the third quarter. Massmutual Trust Co. FSB ADV now owns 2,605 shares of the company’s stock valued at $158,000 after acquiring an additional 174 shares in the last quarter. Empirical Finance LLC raised its stake in Alliant Energy by 2.2% during the 3rd quarter. Empirical Finance LLC now owns 8,637 shares of the company’s stock valued at $524,000 after purchasing an additional 189 shares during the period. Centennial Wealth Advisory LLC lifted its holdings in Alliant Energy by 4.0% in the 3rd quarter. Centennial Wealth Advisory LLC now owns 6,433 shares of the company’s stock worth $390,000 after purchasing an additional 250 shares in the last quarter. Bleakley Financial Group LLC boosted its stake in Alliant Energy by 3.0% in the 3rd quarter. Bleakley Financial Group LLC now owns 8,744 shares of the company’s stock worth $531,000 after purchasing an additional 251 shares during the period. Finally, City State Bank grew its holdings in Alliant Energy by 0.4% during the 4th quarter. City State Bank now owns 71,547 shares of the company’s stock valued at $4,231,000 after buying an additional 257 shares in the last quarter. 79.90% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on LNT shares. Barclays lowered their target price on shares of Alliant Energy from $61.00 to $59.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 6th. Wells Fargo & Company dropped their price objective 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. Mizuho raised their price objective on Alliant Energy from $52.00 to $61.00 and gave the company a “neutral” rating in a research report on Friday, October 4th. Jefferies Financial Group initiated coverage on Alliant Energy in a research report on Thursday, September 19th. They issued a “hold” rating and a $67.00 target price on the stock. Finally, UBS Group raised their price target on Alliant Energy from $64.00 to $65.00 and gave the company a “neutral” rating in a report on Friday, September 20th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Alliant Energy presently has a consensus rating of “Hold” and an average target price of $63.39.

Alliant Energy Price Performance

Shares of Alliant Energy stock opened at $56.98 on Tuesday. The stock has a market cap of $14.62 billion, a price-to-earnings ratio of 22.09, a price-to-earnings-growth ratio of 2.98 and a beta of 0.60. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.72 and a current ratio of 0.86. The stock has a 50 day moving average price of $60.05 and a 200-day moving average price of $58.49. Alliant Energy Co. has a one year low of $46.80 and a one year high of $64.19.

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

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.