New England Asset Management Inc Lowers stake in Alliant Energy Corporation (LNT)

Alliant Energy Corporation (LNT) : New England Asset Management Inc reduced its stake in Alliant Energy Corporation by 10.75% during the most recent quarter end. The investment management company now holds a total of 107,956 shares of Alliant Energy Corporation which is valued at $4,268,580 after selling 13,006 shares in Alliant Energy Corporation , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Alliant Energy Corporation makes up approximately 0.13% of New England Asset Management Inc’s portfolio.

Other Hedge Funds, Including , Municipal Employees’ Retirement System Of Michigan boosted its stake in LNT in the latest quarter, The investment management firm added 24,890 additional shares and now holds a total of 100,530 shares of Alliant Energy Corporation which is valued at $3,974,956. Alliant Energy Corporation makes up approx 0.21% of Municipal Employees’ Retirement System Of Michigan’s portfolio.Great West Life Assurance Co Can reduced its stake in LNT by selling 70,186 shares or 12.38% in the most recent quarter. The Hedge Fund company now holds 496,762 shares of LNT which is valued at $19,930,091. Alliant Energy Corporation makes up approx 0.06% of Great West Life Assurance Co Can’s portfolio.World Asset Management Inc boosted its stake in LNT in the latest quarter, The investment management firm added 10,533 additional shares and now holds a total of 22,955 shares of Alliant Energy Corporation which is valued at $920,955. Alliant Energy Corporation makes up approx 0.03% of World Asset Management Inc’s portfolio. Quantitative Investment Management added LNT to its portfolio by purchasing 47,800 company shares during the most recent quarter which is valued at $1,917,736. Alliant Energy Corporation makes up approx 0.09% of Quantitative Investment Management’s portfolio. 1st Source Bank added LNT to its portfolio by purchasing 5,050 company shares during the most recent quarter which is valued at $203,263. Alliant Energy Corporation makes up approx 0.02% of 1st Source Bank’s portfolio.

Alliant Energy Corporation closed down -0.28 points or -0.74% at $37.67 with 7,40,437 shares getting traded on Thursday. Post opening the session at $37.96, the shares hit an intraday low of $37.56 and an intraday high of $37.96 and the price fluctuated in this range throughout the day.Shares ended Thursday 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.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *