Advisor Partners LLC Raises Position in Ameren Corporation (NYSE:AEE)
Advisor Partners LLC increased its stake in shares of Ameren Corporation (NYSE:AEE) by 8.8% during the second quarter, Holdings Channel reports. The firm owned 6,254 shares of the utilities provider’s stock after buying an additional 508 shares during the period. Advisor Partners LLC’s holdings in Ameren Corporation were worth $342,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Chevy Chase Trust Holdings Inc. increased its position in Ameren Corporation by 3.1% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 210,765 shares of the utilities provider’s stock valued at $11,506,000 after buying an additional 6,414 shares during the period. Gulf International Bank UK Ltd increased its position in Ameren Corporation by 1.3% in the first quarter. Gulf International Bank UK Ltd now owns 77,547 shares of the utilities provider’s stock valued at $4,233,000 after buying an additional 1,000 shares during the period. National Pension Service increased its position in Ameren Corporation by 3.8% in the first quarter. National Pension Service now owns 217,024 shares of the utilities provider’s stock valued at $11,869,000 after buying an additional 7,972 shares during the period. Fox Run Management L.L.C. bought a new position in Ameren Corporation during the first quarter valued at approximately $218,000. Finally, Vicus Capital increased its position in Ameren Corporation by 0.7% in the first quarter. Vicus Capital now owns 10,039 shares of the utilities provider’s stock valued at $548,000 after buying an additional 66 shares during the period. 71.82% of the stock is owned by institutional investors and hedge funds.
Ameren Corporation (AEE) opened at 58.54 on Friday. The company has a 50 day moving average of $55.76 and a 200-day moving average of $54.99. The company has a market cap of $14.20 billion, a P/E ratio of 20.49 and a beta of 0.36. Ameren Corporation has a one year low of $46.84 and a one year high of $58.75.
Ameren Corporation (NYSE:AEE) last issued its quarterly earnings data on Friday, August 4th. The utilities provider reported $0.79 EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $1.42 billion. During the same period in the prior year, the business posted $0.61 EPS. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. On average, equities analysts expect that Ameren Corporation will post $2.79 earnings per share for the current fiscal year.
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A number of brokerages recently commented on AEE. Zacks Investment Research downgraded shares of Ameren Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, April 18th. Barclays PLC reaffirmed an “overweight” rating and issued a $60.00 price target (up previously from $56.00) on shares of Ameren Corporation in a report on Sunday, April 23rd. Goldman Sachs Group, Inc. (The) downgraded shares of Ameren Corporation from a “neutral” rating to a “sell” rating and set a $51.00 price target for the company. in a report on Monday, June 26th. BidaskClub downgraded shares of Ameren Corporation from a “hold” rating to a “sell” rating in a report on Saturday, July 1st. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Ameren Corporation in a report on Monday, July 10th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. Ameren Corporation has a consensus rating of “Hold” and an average price target of $55.20.
In other news, Chairman Warner L. Baxter sold 13,310 shares of the company’s stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $56.23, for a total value of $748,421.30. Following the transaction, the chairman now directly owns 145,939 shares in the company, valued at approximately $8,206,149.97. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.38% of the company’s stock.
Ameren Corporation Company Profile
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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