Nations Financial Group Inc Ia Adv Lowers stake in Alliant Energy Corporation (LNT)

Alliant Energy Corporation (LNT) : Nations Financial Group Inc Ia Adv reduced its stake in Alliant Energy Corporation by 1.71% during the most recent quarter end. The investment management company now holds a total of 11,500 shares of Alliant Energy Corporation which is valued at $848,355 after selling 200 shares in Alliant Energy Corporation , the firm said in a disclosure report filed with the SEC on May 11, 2016.Alliant Energy Corporation makes up approximately 0.98% of Nations Financial Group Inc Ia Adv’s portfolio.

Other Hedge Funds, Including , Uss Investment Management Ltd boosted its stake in LNT in the latest quarter, The investment management firm added 42,053 additional shares and now holds a total of 93,655 shares of Alliant Energy Corporation which is valued at $6.9 Million. Alliant Energy Corporation makes up approx 0.11% of Uss Investment Management Ltd’s portfolio.Commonwealth Of Pennsylvania Public School Empls Retrmt Sys reduced its stake in LNT by selling 12,583 shares or 38.29% in the most recent quarter. The Hedge Fund company now holds 20,283 shares of LNT which is valued at $1.5 Million. Alliant Energy Corporation makes up approx 0.03% of Commonwealth Of Pennsylvania Public School Empls Retrmt Sys’s portfolio.Legacy Capital Partners reduced its stake in LNT by selling 266 shares or 4.71% in the most recent quarter. The Hedge Fund company now holds 5,380 shares of LNT which is valued at $389,673. Alliant Energy Corporation makes up approx 0.25% of Legacy Capital Partners’s portfolio.Retirement Systems Of Alabama boosted its stake in LNT in the latest quarter, The investment management firm added 648 additional shares and now holds a total of 339,744 shares of Alliant Energy Corporation which is valued at $24 Million. Alliant Energy Corporation makes up approx 0.14% of Retirement Systems Of Alabama’s portfolio.First Midwest Bank Trust Division boosted its stake in LNT in the latest quarter, The investment management firm added 906 additional shares and now holds a total of 6,331 shares of Alliant Energy Corporation which is valued at $446,462. Alliant Energy Corporation makes up approx 0.06% of First Midwest Bank Trust Division’s portfolio.

Alliant Energy Corporation opened for trading at $73.57 and hit $73.98 on the upside on Monday, eventually ending the session at $73.97, with a gain of 0.27% or 0.2 points. The heightened volatility saw the trading volume jump to 4,03,014 shares. Company has a market cap of $8,400 M.

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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