Ameren Corp. (AEE) Trading 1.3% Higher
Ameren Corp. (NYSE:AEE)’s share price traded up 1.3% on Wednesday . The company traded as high as $50.74 and last traded at $50.47, with a volume of 1,432,393 shares. The stock had previously closed at $49.82.
A number of equities analysts have weighed in on the stock. Barclays PLC reaffirmed a “buy” rating and issued a $55.00 target price on shares of Ameren Corp. in a research note on Wednesday, July 6th. Zacks Investment Research downgraded shares of Ameren Corp. from a “hold” rating to a “sell” rating in a research note on Friday, July 8th.
The firm has a market capitalization of $12.30 billion and a P/E ratio of 19.77. The company has a 50 day moving average of $52.14 and a 200 day moving average of $49.33.
Ameren Corp. (NYSE:AEE) last released its quarterly earnings results on Friday, August 5th. The company reported $0.61 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.09. The business earned $1.43 billion during the quarter, compared to analyst estimates of $1.45 billion. The company’s revenue was up 1.9% on a year-over-year basis. During the same quarter last year, the company posted $0.58 earnings per share. On average, equities analysts expect that Ameren Corp. will post $2.54 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Thursday, September 8th will be paid a $0.425 dividend. The ex-dividend date is Tuesday, September 6th. This represents a $1.70 annualized dividend and a dividend yield of 3.35%.
In other Ameren Corp. news, insider Richard J. Mark sold 9,300 shares of the stock in a transaction dated Thursday, June 2nd. The shares were sold at an average price of $48.89, for a total transaction of $454,677.00. Following the sale, the insider now directly owns 44,175 shares in the company, valued at $2,159,715.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Bruce A. Steinke sold 3,000 shares of the stock in a transaction dated Thursday, August 11th. The stock was sold at an average price of $50.82, for a total transaction of $152,460.00. Following the sale, the senior vice president now owns 24,660 shares in the company, valued at $1,253,221.20. The disclosure for this sale can be found here.
A number of large investors have recently made changes to their positions in AEE. BlackRock Advisors LLC increased its stake in shares of Ameren Corp. by 45.9% in the fourth quarter. BlackRock Advisors LLC now owns 383,883 shares of the company’s stock worth $16,596,000 after buying an additional 120,816 shares during the last quarter. Utah Retirement Systems increased its stake in shares of Ameren Corp. by 0.5% in the fourth quarter. Utah Retirement Systems now owns 43,485 shares of the company’s stock worth $1,879,000 after buying an additional 200 shares during the last quarter. KBC Group NV increased its stake in shares of Ameren Corp. by 837.6% in the fourth quarter. KBC Group NV now owns 140,492 shares of the company’s stock worth $6,073,000 after buying an additional 125,508 shares during the last quarter. BNP Paribas Arbitrage SA increased its stake in shares of Ameren Corp. by 29.2% in the fourth quarter. BNP Paribas Arbitrage SA now owns 173,943 shares of the company’s stock worth $7,520,000 after buying an additional 39,295 shares during the last quarter. Finally, Opus Investment Management Inc. increased its stake in shares of Ameren Corp. by 179.0% in the fourth quarter. Opus Investment Management Inc. now owns 84,165 shares of the company’s stock worth $3,638,000 after buying an additional 54,000 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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