Traders Sell Ameren Corp. (AEE) on Strength (AEE)
Investors sold shares of Ameren Corp. (NYSE:AEE) on strength during trading 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 equities 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
AEE has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Ameren Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, May 24th. Barclays PLC reaffirmed a “buy” rating and issued a $55.00 price target on shares of Ameren Corp. in a report on Wednesday, July 6th. Finally, Argus cut shares of Ameren Corp. to a “hold” rating in a report on Sunday, April 17th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. Ameren Corp. currently has a consensus rating of “Hold” and an average price target of $51.67.
The stock has a 50-day moving average of $51.89 and a 200 day moving average of $48.27. The firm has a market capitalization of $12.83 billion and a PE ratio of 20.52.
Ameren Corp. (NYSE:AEE) last announced its earnings results on Wednesday, May 11th. The company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.05. During the same period in the previous year, the company earned $0.45 earnings per share. The business had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.51 billion. Ameren Corp.’s quarterly revenue was down 7.8% on a year-over-year basis. Equities analysts forecast that Ameren Corp. will post $2.51 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, June 30th. Shareholders of record on Wednesday, June 8th were issued a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a yield of 3.22%. The ex-dividend date was Monday, June 6th.
In other Ameren Corp. news, SVP Mark C. Lindgren sold 3,500 shares of the business’s stock in a transaction that occurred on Thursday, June 9th. The shares were sold at an average price of $50.34, for a total transaction of $176,190.00. Following the completion of the transaction, the senior vice president now owns 28,549 shares in the company, valued at approximately $1,437,156.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Richard J. Mark sold 9,300 shares of the business’s stock in a transaction that occurred 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 transaction, the insider now 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 hedge funds and institutional investors recently modified their holdings of the company. Sei Investments Co. boosted its position in shares of Ameren Corp. by 267.0% in the fourth quarter. Sei Investments Co. now owns 32,593 shares of the company’s stock valued at $1,409,000 after buying an additional 23,711 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Ameren Corp. by 1.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 37,873 shares of the company’s stock valued at $1,639,000 after buying an additional 384 shares during the last quarter. Comerica Bank boosted its position in shares of Ameren Corp. by 46.3% in the fourth quarter. Comerica Bank now owns 106,505 shares of the company’s stock valued at $4,634,000 after buying an additional 33,689 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Ameren Corp. by 4.3% in the fourth quarter. Vanguard Group Inc. now owns 21,720,411 shares of the company’s stock valued at $938,974,000 after buying an additional 904,645 shares during the last quarter. Finally, Quantitative Investment Management LLC boosted its position in shares of Ameren Corp. by 82.7% in the fourth quarter. Quantitative Investment Management LLC now owns 57,200 shares of the company’s stock valued at $2,472,000 after buying an additional 25,900 shares during the last quarter.
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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