Town & Country Bank & Trust CO dba First Bankers Trust CO Cuts Position in Alliant Energy Co. (NASDAQ:LNT)

Town & Country Bank & Trust CO dba First Bankers Trust CO trimmed its holdings in Alliant Energy Co. (NASDAQ:LNT) by 3.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 54,479 shares of the company’s stock after selling 2,230 shares during the period. Alliant Energy accounts for about 1.3% of Town & Country Bank & Trust CO dba First Bankers Trust CO’s investment portfolio, making the stock its 26th largest position. Town & Country Bank & Trust CO dba First Bankers Trust CO’s holdings in Alliant Energy were worth $3,306,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in LNT. EP Wealth Advisors LLC acquired a new stake in Alliant Energy in the 4th quarter valued at about $232,000. Scarborough Advisors LLC acquired a new stake in Alliant Energy in the 4th quarter valued at about $28,000. Wellington Management Group LLP grew its stake in Alliant Energy by 49.4% in the 4th quarter. Wellington Management Group LLP now owns 919,041 shares of the company’s stock valued at $47,147,000 after acquiring an additional 304,022 shares during the last quarter. Fisher Asset Management LLC acquired a new stake in Alliant Energy in the 4th quarter valued at about $233,000. Finally, PNC Financial Services Group Inc. grew its stake in Alliant Energy by 24.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 103,499 shares of the company’s stock valued at $5,309,000 after acquiring an additional 20,371 shares during the last quarter. 79.90% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on LNT. BMO Capital Markets increased their price objective on shares of Alliant Energy from $58.00 to $60.00 and gave the company a “market perform” rating in a research note on Tuesday, August 6th. Mizuho raised their price target on shares of Alliant Energy from $52.00 to $61.00 and gave the stock a “neutral” rating in a research note on Friday, October 4th. UBS Group raised their price target on shares of Alliant Energy from $64.00 to $65.00 and gave the stock a “neutral” rating in a research note on Friday, September 20th. LADENBURG THALM/SH SH raised shares of Alliant Energy from a “neutral” rating to a “buy” rating and raised their price target for the stock from $50.00 to $62.50 in a research note on Tuesday, August 13th. Finally, Barclays raised their price target on shares of Alliant Energy from $55.00 to $61.00 and gave the stock an “equal weight” rating in a research note on Monday. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Alliant Energy presently has a consensus rating of “Hold” and an average target price of $63.28.

Alliant Energy Trading Up 2.0 %

Shares of LNT stock opened at $62.29 on Thursday. The firm has a market cap of $15.98 billion, a P/E ratio of 25.42, a PEG ratio of 2.89 and a beta of 0.58. Alliant Energy Co. has a 1-year low of $46.80 and a 1-year high of $62.42. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.65 and a quick ratio of 0.48. The firm’s 50-day simple moving average is $58.98 and its 200-day simple moving average is $54.06.

Alliant Energy (NASDAQ:LNT) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.07). The company had revenue of $894.00 million for the quarter, compared to analysts’ expectations of $897.03 million. Alliant Energy had a return on equity of 10.23% and a net margin of 15.77%. The company’s revenue was down 2.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.64 earnings per share. As a group, equities analysts forecast that Alliant Energy Co. will post 3.05 EPS for the current year.

Alliant Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 3.08%. Alliant Energy’s payout ratio is currently 78.37%.

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.