Pensionfund Sabic buys $1.5 Million stake in Alliant Energy Corporation (LNT)

Alliant Energy Corporation (LNT) : Pensionfund Sabic scooped up 2,500 additional shares in Alliant Energy Corporation during the most recent quarter end , according to a recent disclosure to the SEC on Apr 4, 2016. The investment management firm now holds a total of 20,500 shares of Alliant Energy Corporation which is valued at $1.5 Million.Alliant Energy Corporation makes up approximately 0.46% of Pensionfund Sabic’s portfolio.

Other Hedge Funds, Including , Pensionfund Dsm Netherlands boosted its stake in LNT in the latest quarter, The investment management firm added 7,800 additional shares and now holds a total of 44,800 shares of Alliant Energy Corporation which is valued at $3.3 Million. Alliant Energy Corporation makes up approx 0.45% of Pensionfund Dsm Netherlands’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 closed down -0.63 points or -0.85% at $73.14 with 5,01,428 shares getting traded on Monday. Post opening the session at $73.86, the shares hit an intraday low of $72.99 and an intraday high of $74.24 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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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