Lynch Associatesin buys $763,369 stake in Alliant Energy Corporation (LNT)

Alliant Energy Corporation (LNT) : Lynch Associatesin scooped up 75 additional shares in Alliant Energy Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 4, 2016. The investment management firm now holds a total of 20,755 shares of Alliant Energy Corporation which is valued at $763,369.Alliant Energy Corporation makes up approximately 0.34% of Lynch Associatesin’s portfolio.

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Alliant Energy Corporation closed down -0.87 points or -2.30% at $36.93 with 21,27,979 shares getting traded on Tuesday. Post opening the session at $37.63, the shares hit an intraday low of $36.835 and an intraday high of $37.69 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

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.

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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