Traders Sell Shares of Ameren Corporation (NYSE:AEE) on Strength (NYSE:AEE)
Investors sold shares of Ameren Corporation (NYSE:AEE) on strength during trading hours on Monday. $13.48 million flowed into the stock on the tick-up and $32.51 million flowed out of the stock on the tick-down, for a money net flow of $19.03 million out of the stock. Of all companies tracked, Ameren Corporation had the 0th highest net out-flow for the day. Ameren Corporation traded up $0.44 for the day and closed at $57.94
Several equities research analysts have recently commented on the stock. Zacks Investment Research lowered shares of Ameren Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, April 18th. Barclays PLC reissued an “overweight” rating and issued a $60.00 target price (up from $56.00) on shares of Ameren Corporation in a report on Sunday, April 23rd. Morgan Stanley reissued an “overweight” rating on shares of Ameren Corporation in a report on Monday, July 10th. Goldman Sachs Group, Inc. (The) lowered shares of Ameren Corporation from a “neutral” rating to a “sell” rating and set a $51.00 target price for the company. in a report on Monday, June 26th. Finally, BidaskClub upgraded Ameren Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $54.75.
The stock has a market cap of $14.18 billion, a PE ratio of 21.90 and a beta of 0.36. The company’s 50-day moving average is $55.60 and its 200 day moving average is $54.82.
Ameren Corporation (NYSE:AEE) last posted its quarterly earnings data on Friday, August 4th. The utilities provider reported $0.79 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.10. Ameren Corporation had a return on equity of 9.57% and a net margin of 11.11%. The firm had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter in the previous year, the business earned $0.61 EPS. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. Equities research analysts forecast that Ameren Corporation will post $2.79 EPS for the current year.
In related news, Chairman Warner L. Baxter sold 13,310 shares of the company’s stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $56.23, for a total value of $748,421.30. Following the completion of the sale, the chairman now directly owns 145,939 shares of the company’s stock, valued at approximately $8,206,149.97. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.38% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. Ngam Advisors L.P. boosted its stake in Ameren Corporation by 57.3% in the first quarter. Ngam Advisors L.P. now owns 37,363 shares of the utilities provider’s stock worth $2,040,000 after buying an additional 13,603 shares during the last quarter. Credit Suisse AG boosted its stake in Ameren Corporation by 17.5% in the first quarter. Credit Suisse AG now owns 355,359 shares of the utilities provider’s stock valued at $19,399,000 after buying an additional 52,967 shares in the last quarter. Conning Inc. boosted its stake in Ameren Corporation by 1.3% in the first quarter. Conning Inc. now owns 6,435 shares of the utilities provider’s stock valued at $351,000 after buying an additional 80 shares in the last quarter. Archford Capital Strategies LLC acquired a new stake in Ameren Corporation during the first quarter valued at approximately $1,462,000. Finally, Swiss National Bank boosted its stake in Ameren Corporation by 24.8% in the first quarter. Swiss National Bank now owns 968,193 shares of the utilities provider’s stock valued at $52,854,000 after buying an additional 192,100 shares in the last quarter. 71.82% of the stock is owned by hedge funds and other institutional investors.
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About Ameren Corporation
Ameren Corporation is a utility holding company. The Company’s subsidiaries include Ameren Missouri, Ameren Illinois and Ameren Transmission Company (ATXI). It operates through four segments. The Ameren Missouri segment includes all of the operations of Ameren Missouri. The Ameren Illinois Electric Distribution segment consists of the electric distribution business of Ameren Illinois.
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