Alpha Omega Wealth Management Lowers stake in Alliant Energy Corporation (LNT)

Alliant Energy Corporation (LNT) : Alpha Omega Wealth Management reduced its stake in Alliant Energy Corporation by 2.44% during the most recent quarter end. The investment management company now holds a total of 40,755 shares of Alliant Energy Corporation which is valued at $2,816,171 after selling 1,020 shares in Alliant Energy Corporation , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.Alliant Energy Corporation makes up approximately 2.35% of Alpha Omega Wealth Management’s portfolio.

Alliant Energy Corporation opened for trading at $68.69 and hit $69.62 on the upside on Wednesday, eventually ending the session at $69.31, with a gain of 1.24% or 0.8475 points. The heightened volatility saw the trading volume jump to 6,20,729 shares. Company has a market cap of $7,864 M.

Other Hedge Funds, Including , Strs Ohio sold out all of its stake in LNT during the most recent quarter. The investment firm sold 1,512 shares of LNT which is valued $104,479.Umb Bank N Amo reduced its stake in LNT by selling 100 shares or 0.27% in the most recent quarter. The Hedge Fund company now holds 37,075 shares of LNT which is valued at $2,561,883. Alliant Energy Corporation makes up approx 0.11% of Umb Bank N Amo’s portfolio.Gateway Investment Advisers boosted its stake in LNT in the latest quarter, The investment management firm added 49,337 additional shares and now holds a total of 243,830 shares of Alliant Energy Corporation which is valued at $16,848,653. Alliant Energy Corporation makes up approx 0.14% of Gateway Investment Advisers’s portfolio. State Of Alaska Department Of Revenue sold out all of its stake in LNT during the most recent quarter. The investment firm sold 6,670 shares of LNT which is valued $488,978.Creative Planning reduced its stake in LNT by selling 4,085 shares or 29.32% in the most recent quarter. The Hedge Fund company now holds 9,848 shares of LNT which is valued at $720,283. Alliant Energy Corporation makes up approx 0.01% of Creative Planning’s portfolio.

On the company’s financial health, Alliant Energy Corporation reported $1.63 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on Nov 5, 2015. Analyst had a consensus of $1.53. The company had revenue of $898.90 million for the quarter, compared to analysts expectations of $1093.82 million. The company’s revenue was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.40 EPS.

Many Wall Street Analysts have commented on Alliant Energy Corporation. Company shares were Reiterated by Argus on Mar 21, 2016 to “Buy”, Firm has raised the Price Target to $ 77 from a previous price target of $67 .Company shares were Reiterated by Wunderlich on Feb 23, 2016 to “Hold”, Firm has raised the Price Target to $ 67 from a previous price target of $61 .

Alliant Energy Corporation (Alliant Energy) is a regulated investor-owned public utility holding company. The Company provides regulated electric and natural gas services in Iowa Wisconsin and Minnesota. The Company’s business segments are Utility and Non-regulated Parent and Other. The Utility segment includes the operations of Interstate Power and Light Company (IPL) and Wisconsin Power and Light Company (WPL). The utility business segment includes utility electric operations utility gas operations and utility other which includes steam operations and the unallocated portions of the utility business. The Company’s Non-regulated Parent and Other segment includes the operations of Alliant Energy Resources LLC (Resources) and its subsidiaries; Alliant Energy Corporate Services Inc. (Corporate Services); the Alliant Energy parent company and any Alliant Energy parent company consolidating adjustments.

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