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

Hummer Financial Advisory Services Inc decreased its position in Alliant Energy Co. (NASDAQ:LNT) by 12.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,100 shares of the company’s stock after selling 600 shares during the period. Hummer Financial Advisory Services Inc’s holdings in Alliant Energy were worth $242,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Private Advisor Group LLC raised its position in shares of Alliant Energy by 2.1% in the second quarter. Private Advisor Group LLC now owns 12,985 shares of the company’s stock valued at $661,000 after purchasing an additional 268 shares during the period. Los Angeles Capital Management LLC purchased a new stake in shares of Alliant Energy in the 2nd quarter valued at $255,000. Acadian Asset Management LLC lifted its position in Alliant Energy by 453.7% in the second quarter. Acadian Asset Management LLC now owns 9,590 shares of the company’s stock valued at $487,000 after purchasing an additional 7,858 shares during the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Alliant Energy during the second quarter valued at approximately $43,000. Finally, Oppenheimer & Co. Inc. boosted its stake in shares of 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 purchasing an additional 490 shares during the period. Hedge funds and other institutional investors own 79.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on LNT. Barclays cut 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 research note on Wednesday, November 6th. Wells Fargo & Company dropped their price target on shares of Alliant Energy from $66.00 to $65.00 and set an “overweight” rating on the stock in a research note on Monday, November 4th. Jefferies Financial Group assumed coverage on shares of Alliant Energy in a research note on Thursday, September 19th. They set a “hold” rating and a $67.00 price objective for the company. Scotiabank downgraded shares of Alliant Energy from a “sector outperform” rating to a “sector perform” rating and upped their target price for the stock from $64.00 to $67.00 in a research note on Thursday, December 12th. Finally, BMO Capital Markets decreased their price objective on shares of Alliant Energy from $65.00 to $61.00 and set a “market perform” rating for the company in a report on Monday, November 4th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $63.39.

Alliant Energy Stock Up 0.6 %

LNT opened at $56.98 on Tuesday. Alliant Energy Co. has a twelve month low of $46.80 and a twelve month high of $64.19. 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 firm has a 50 day moving average price of $60.05 and a 200-day moving average price of $58.49. The stock has a market capitalization of $14.62 billion, a price-to-earnings ratio of 22.09, a PEG ratio of 2.98 and a beta of 0.60.

Alliant Energy (NASDAQ:LNT) last released its quarterly 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 return on equity of 10.56% and a net margin of 16.66%. The firm had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.08 billion. During the same period in the prior year, the firm earned $1.05 EPS. The company’s revenue was up .4% compared to the same quarter last year. Equities research analysts forecast that Alliant Energy Co. will post 3.04 earnings per share 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.