Traders Sell Shares of Ameren Corp. (AEE) on Strength (AEE)
Investors sold shares of Ameren Corp. (NYSE:AEE) on strength during trading hours on Thursday. $12.64 million flowed into the stock on the tick-up and $24.30 million flowed out of the stock on the tick-down, for a money net flow of $11.66 million out of the stock. Of all stocks tracked, Ameren Corp. had the 0th highest net out-flow for the day. Ameren Corp. traded up $0.03 for the day and closed at $52.24
Several research firms have recently issued reports on AEE. Zacks Investment Research cut shares of Ameren Corp. from a “hold” rating to a “sell” rating in a research report on Friday, July 8th. Barclays PLC reaffirmed a “buy” rating and set a $55.00 price objective on shares of Ameren Corp. in a research report on Wednesday, July 6th. Finally, Argus cut shares of Ameren Corp. to a “hold” rating in a research report on Sunday, April 17th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. Ameren Corp. currently has a consensus rating of “Hold” and a consensus price target of $51.67.
The firm’s 50 day moving average price is $51.78 and its 200 day moving average price is $48.20. The company has a market capitalization of $12.68 billion and a PE ratio of 20.27.
Ameren Corp. (NYSE:AEE) last issued its quarterly earnings results on Wednesday, May 11th. The company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.38 by $0.05. During the same period last year, the company posted $0.45 EPS. The company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.51 billion. The business’s revenue for the quarter was down 7.8% on a year-over-year basis. Equities analysts predict that Ameren Corp. will post $2.51 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 30th. Stockholders of record on Wednesday, June 8th were given a $0.425 dividend. This represents a $1.70 annualized dividend and a dividend yield of 3.25%. The ex-dividend date of this dividend was Monday, June 6th.
In other news, SVP Mark C. Lindgren sold 3,500 shares of the stock in a transaction on Thursday, June 9th. The shares were sold at an average price of $50.34, for a total value of $176,190.00. Following the completion of the sale, the senior vice president now owns 28,549 shares of the company’s stock, valued at $1,437,156.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Richard J. Mark sold 9,300 shares of the stock in a transaction on Thursday, June 2nd. The stock was sold at an average price of $48.89, for a total transaction of $454,677.00. Following the completion of the sale, the insider now directly owns 44,175 shares of the company’s stock, valued at approximately $2,159,715.75. The disclosure for this sale can be found here.
Other large investors have added to or reduced their stakes in the company. KBC Group NV raised its stake in Ameren Corp. by 837.6% in the fourth quarter. KBC Group NV now owns 140,492 shares of the company’s stock valued at $6,073,000 after buying an additional 125,508 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Ameren Corp. by 5.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 461,688 shares of the company’s stock valued at $19,963,000 after buying an additional 23,650 shares during the last quarter. BNP Paribas Arbitrage SA raised its stake in Ameren Corp. by 29.2% in the fourth quarter. BNP Paribas Arbitrage SA now owns 173,943 shares of the company’s stock valued at $7,520,000 after buying an additional 39,295 shares during the last quarter. Opus Investment Management Inc. raised its stake in Ameren Corp. by 179.0% in the fourth quarter. Opus Investment Management Inc. now owns 84,165 shares of the company’s stock valued at $3,638,000 after buying an additional 54,000 shares during the last quarter. Finally, Trexquant Investment LP acquired a new stake in Ameren Corp. during the fourth quarter valued at about $3,564,000.
Ameren Corporation (Ameren) is a public utility holding company. Ameren’s primary assets are its equity interests in its subsidiaries, including Union Electric Company (doing business as Ameren Missouri) and Ameren Illinois Company (Ameren Illinois). Ameren operates through two segments: Ameren Missouri and Ameren Illinois.
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