Revenue Update on Alliant Energy Corporation(NYSE:LNT)

Alliant Energy Corporation(NYSE:LNT) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 1, 2016. Company reported revenue of $754.60M. Analysts estimated a revenue of $593.06M. Earnings per share were $0.37. Analysts had estimated an EPS of $0.33.

In a different note, On Jun 10, 2016, Barclays said it Downgrades its rating on Alliant Energy Corporation. The shares have been rated ‘Equal-weight’ by the firm.

Alliant Energy Corporation (LNT) shares turned negative on Mondays trading session with the shares closing down -0.11 points or -0.28% at a volume of 12,37,712. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $39.72. The peak price level was also seen at $39.72 while the days lowest was $39.2118. Finally the shares closed at $39.28. The 52-week high of the shares is $40.99 while the 52-week low is $27.135. According to the latest information available, the market cap of the company is $8,930 M.

Several Insider Transactions has been reported to the SEC. On Jul 12, 2016, James H Gallegos (SVP, Gen Cnsl and Corp Sec) sold 5,000 shares at $40.29 per share price.Also, On May 10, 2016, Deborah B. Dunie (director) purchased 1,000 shares at $73.11 per share price.On Mar 4, 2016, Thomas L Hanson (Senior Vice President, CFO) sold 7,500 shares at $68.15 per share price, according to the Form-4 filing with the securities and exchange commission.

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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