Longbow Capital Partners Exits Position in Alliant Energy Corporation (LNT)

Alliant Energy Corporation (LNT) : Longbow Capital Partners has sold out all of its stake in Alliant Energy Corporation during the most recent quarter, according to the disclosure filed by the company on Aug 9, 2016 with the SEC. The investment management company has sold out 11,800 shares of Alliant Energy Corporation which is valued at $463,504.

Other Hedge Funds, Including , Legacy Capital Partners reduced its stake in LNT by selling 400 shares or 3.72% in the most recent quarter. The Hedge Fund company now holds 10,360 shares of LNT which is valued at $406,941. Alliant Energy Corporation makes up approx 0.25% of Legacy Capital Partners’s portfolio.Oppenheimer Co Inc reduced its stake in LNT by selling 12,000 shares or 20.02% in the most recent quarter. The Hedge Fund company now holds 47,950 shares of LNT which is valued at $1,889,230. Alliant Energy Corporation makes up approx 0.05% of Oppenheimer Co Inc’s portfolio.Opus Investment Management Inc boosted its stake in LNT in the latest quarter, The investment management firm added 20,000 additional shares and now holds a total of 136,778 shares of Alliant Energy Corporation which is valued at $5,387,685. Alliant Energy Corporation makes up approx 0.93% of Opus Investment Management Inc’s portfolio.Spectrum Management Group boosted its stake in LNT in the latest quarter, The investment management firm added 10,785 additional shares and now holds a total of 13,745 shares of Alliant Energy Corporation which is valued at $553,236. Alliant Energy Corporation makes up approx 0.22% of Spectrum Management Group’s portfolio.Ibm Retirement Fund boosted its stake in LNT in the latest quarter, The investment management firm added 4,018 additional shares and now holds a total of 26,932 shares of Alliant Energy Corporation which is valued at $1,086,706. Alliant Energy Corporation makes up approx 0.04% of Ibm Retirement Fund’s portfolio.

Alliant Energy Corporation opened for trading at $38.06 and hit $39.04 on the upside on Wednesday, eventually ending the session at $38.92, with a gain of 1.88% or 0.72 points. The heightened volatility saw the trading volume jump to 19,31,232 shares. Company has a market cap of $8,848 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. Barclays Downgraded Alliant Energy Corporation on Jun 10, 2016 to ” Equal Weight”, Price Target of the shares are set at $39.

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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