Maple Brown Abbott Ltd Increases Stake in Ameren Corporation (AEE)
Maple Brown Abbott Ltd raised its stake in Ameren Corporation (NYSE:AEE) by 15.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 739,413 shares of the utilities provider’s stock after buying an additional 99,900 shares during the period. Ameren Corporation makes up 4.2% of Maple Brown Abbott Ltd’s investment portfolio, making the stock its 12th largest position. Maple Brown Abbott Ltd’s holdings in Ameren Corporation were worth $40,424,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Ngam Advisors L.P. raised 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 valued at $2,040,000 after buying an additional 13,603 shares during the period. Credit Suisse AG raised 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 during the period. Conning Inc. raised 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 during the period. Archford Capital Strategies LLC acquired a new stake in Ameren Corporation during the first quarter valued at $1,462,000. Finally, Swiss National Bank raised 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 during the period. Hedge funds and other institutional investors own 71.82% of the company’s stock.
Shares of Ameren Corporation (AEE) opened at 58.08 on Thursday. Ameren Corporation has a 52 week low of $46.84 and a 52 week high of $58.75. The firm has a 50 day moving average of $55.70 and a 200 day moving average of $54.97. The firm has a market cap of $14.09 billion, a price-to-earnings ratio of 20.33 and a beta of 0.36.
Ameren Corporation (NYSE:AEE) last announced its quarterly earnings results on Friday, August 4th. The utilities provider reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.10. Ameren Corporation had a net margin of 11.11% and a return on equity of 9.57%. The firm had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.42 billion. During the same period last year, the firm posted $0.61 EPS. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. Equities analysts predict that Ameren Corporation will post $2.79 earnings per share for the current fiscal year.
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AEE has been the topic of several research reports. Goldman Sachs Group, Inc. (The) lowered shares of Ameren Corporation from a “neutral” rating to a “sell” rating and set a $51.00 price objective on the stock. in a research note on Monday, June 26th. BidaskClub upgraded shares of Ameren Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. Barclays PLC reiterated an “overweight” rating and set a $60.00 price objective (up previously from $56.00) on shares of Ameren Corporation in a research note on Sunday, April 23rd. Zacks Investment Research lowered shares of Ameren Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, April 18th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Ameren Corporation in a research note on Monday, July 10th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. Ameren Corporation has an average rating of “Hold” and a consensus target price of $54.75.
In related news, Chairman Warner L. Baxter sold 13,310 shares of Ameren Corporation stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $56.23, for a total transaction of $748,421.30. Following the completion of the transaction, 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 Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.38% of the company’s stock.
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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