$0.40 EPS Expected for Alliant Energy (LNT); Iberiabank Decreased Microchip Tech (MCHP) Holding By $2.26 Million

July 17, 2017 - By Stephen Andrade

Analysts expect Alliant Energy Corporation (NYSE:LNT) to report $0.40 EPS on August, 3 after the close.They anticipate $0.03 EPS change or 8.11% from last quarter’s $0.37 EPS. LNT’s profit would be $91.72M giving it 25.05 P/E if the $0.40 EPS is correct. After having $0.43 EPS previously, Alliant Energy Corporation’s analysts see -6.98% EPS growth. About 441,270 shares traded. Alliant Energy Corporation (NYSE:LNT) has risen 11.22% since July 17, 2016 and is uptrending. It has underperformed by 5.48% the S&P500.

Iberiabank Corp decreased Microchip Tech Inc (MCHP) stake by 38.66% reported in 2016Q4 SEC filing. Iberiabank Corp sold 35,381 shares as Microchip Tech Inc (MCHP)’s stock rose 11.86%. The Iberiabank Corp holds 56,135 shares with $3.60M value, down from 91,516 last quarter. Microchip Tech Inc now has $19.13 billion valuation. It is 0.01% or $0 reaching $80.83 per share. It is down 68.30% since July 17, 2016 and is uptrending. It has outperformed by 51.60% the S&P500.

Alliant Energy Corporation operates as a regulated investor-owned public utility holding company. The company has market cap of $9.19 billion. The Company’s divisions include Utility and Non-regulated, Parent and Other. It has a 24.28 P/E ratio. The Utility segment includes the activities of Interstate Power and Light Company and Wisconsin Power and Light Company (WPL), which serve retail clients in Iowa and Wisconsin.

Among 7 analysts covering Alliant Energy (NYSE:LNT), 3 have Buy rating, 0 Sell and 4 Hold. Therefore 43% are positive. Alliant Energy had 14 analyst reports since August 7, 2015 according to SRatingsIntel. The firm earned “Outperform” rating on Monday, November 16 by Wells Fargo. Zacks upgraded Alliant Energy Corporation (NYSE:LNT) rating on Wednesday, August 12. Zacks has “Hold” rating and $69 target. The rating was maintained by Argus Research on Thursday, August 25 with “Buy”. Barclays Capital maintained Alliant Energy Corporation (NYSE:LNT) on Friday, March 18 with “Overweight” rating. The rating was downgraded by Wolfe Research to “Outperform” on Friday, August 7. As per Tuesday, January 24, the company rating was downgraded by Macquarie Research. The firm earned “Equal-Weight” rating on Friday, June 10 by Barclays Capital. On Monday, March 21 the stock rating was maintained by Argus Research with “Buy”.

Since May 19, 2017, it had 1 insider purchase, and 1 insider sale for $59,684 activity. The insider Dunie Deborah B. bought $146,566. 5,000 Alliant Energy Corporation (NYSE:LNT) shares with value of $206,250 were sold by GALLEGOS JAMES H.

Investors sentiment decreased to 0.97 in 2016 Q4. Its down 0.06, from 1.03 in 2016Q3. It is negative, as 31 investors sold Alliant Energy Corporation shares while 140 reduced holdings. 40 funds opened positions while 126 raised stakes. 148.16 million shares or 0.49% more from 147.44 million shares in 2016Q3 were reported. Glg Limited Liability Corp stated it has 0.02% of its portfolio in Alliant Energy Corporation (NYSE:LNT). Stephens Ar stated it has 53,593 shares or 0.08% of all its holdings. Gamble Jones Invest Counsel owns 5,600 shares. Jennison Llc has invested 0.1% of its portfolio in Alliant Energy Corporation (NYSE:LNT). Alliancebernstein Lp has invested 0.01% in Alliant Energy Corporation (NYSE:LNT). Amica Pension Fund Board Of Trustees invested in 8,837 shares. Hanson Mcclain holds 654 shares. Millennium Ltd Co owns 664,778 shares or 0.05% of their US portfolio. Johnson Fin Gp Incorporated stated it has 40,412 shares or 0.25% of all its holdings. Thompson Siegel And Walmsley Ltd Liability holds 1.01% or 2.02 million shares. Oregon Pub Employees Retirement Fund holds 63,377 shares or 0.05% of its portfolio. Hartford Fincl Management Inc reported 0.01% stake. Caisse De Depot Et Placement Du Quebec stated it has 302,225 shares or 0.03% of all its holdings. Moreover, Nomura Asset Management has 0.02% invested in Alliant Energy Corporation (NYSE:LNT) for 30,526 shares. Raymond James Finance Serv Advsrs has 48,621 shares.

Investors sentiment decreased to 0.91 in 2016 Q4. Its down 0.02, from 0.93 in 2016Q3. It fall, as 46 investors sold MCHP shares while 236 reduced holdings. 78 funds opened positions while 179 raised stakes. 208.48 million shares or 1.70% less from 212.08 million shares in 2016Q3 were reported. Howe & Rusling, a New York-based fund reported 328 shares. Cornerstone Inc holds 0.14% or 2,584 shares. Family Co reported 1,656 shares. Jefferies Group Inc Ltd Limited Liability Company reported 0.01% in Microchip Technology Inc. (NASDAQ:MCHP). Eagle Asset invested 0.22% in Microchip Technology Inc. (NASDAQ:MCHP). Thrivent For Lutherans invested in 11,000 shares. Commercial Bank Of America De has invested 0.02% in Microchip Technology Inc. (NASDAQ:MCHP). 19,370 are held by First Bankshares. United Svcs Automobile Association accumulated 961,521 shares. 47,293 are held by Public Sector Pension Board. Daiwa Grp reported 26,250 shares or 0.01% of all its holdings. Blair William And Il has invested 0.07% in Microchip Technology Inc. (NASDAQ:MCHP). 39,426 were accumulated by Rice Hall James And Assoc Ltd Limited Liability Company. 11,875 are held by Chesley Taft & Associates Lc. Texas Yale Cap accumulated 3,382 shares or 0.02% of the stock.

Among 16 analysts covering Microchip Technology (NASDAQ:MCHP), 14 have Buy rating, 0 Sell and 2 Hold. Therefore 88% are positive. Microchip Technology had 36 analyst reports since August 5, 2015 according to SRatingsIntel. Mizuho initiated Microchip Technology Inc. (NASDAQ:MCHP) rating on Friday, September 30. Mizuho has “Neutral” rating and $67 target. Needham maintained it with “Buy” rating and $75 target in Tuesday, November 8 report. On Tuesday, May 17 the stock rating was initiated by CLSA with “Buy”. The firm earned “Buy” rating on Saturday, August 8 by Jefferies. The firm earned “Buy” rating on Monday, June 12 by Needham. The firm has “Buy” rating given on Tuesday, August 9 by Citigroup. The stock has “Buy” rating by Needham on Friday, January 15. The rating was initiated by Bank of America on Monday, November 9 with “Neutral”. On Tuesday, April 4 the stock rating was upgraded by Summit Redstone Partners to “Buy”. The firm has “Buy” rating given on Tuesday, June 6 by Needham.

Analysts await Microchip Technology Inc. (NASDAQ:MCHP) to report earnings on August, 3 after the close. They expect $1.14 earnings per share, up 70.15% or $0.47 from last year’s $0.67 per share. MCHP’s profit will be $269.80 million for 17.73 P/E if the $1.14 EPS becomes a reality. After $1.10 actual earnings per share reported by Microchip Technology Inc. for the previous quarter, Wall Street now forecasts 3.64% EPS growth.

Since February 13, 2017, it had 0 insider buys, and 13 sales for $8.18 million activity. On Monday, May 22 the insider Bjornholt James Eric sold $201,528. 3,974 shares valued at $319,072 were sold by DREHOBL STEPHEN V on Monday, May 22. The insider LITTLE MITCHELL R sold $243,359. SIMONCIC RICHARD J also sold $210,036 worth of Microchip Technology Inc. (NASDAQ:MCHP) on Wednesday, February 22. MEYERCORD WADE F sold $423,940 worth of stock. $425,408 worth of stock was sold by DAY L B on Tuesday, February 14. CHAPMAN MATTHEW W sold $1.06 million worth of stock.

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