Ameren Corporation (AEE) Stake Increased by First Trust Advisors LP
First Trust Advisors LP raised its stake in Ameren Corporation (NYSE:AEE) by 18.8% during the second quarter, Holdings Channel reports. The fund owned 1,696,368 shares of the utilities provider’s stock after buying an additional 268,787 shares during the period. First Trust Advisors LP’s holdings in Ameren Corporation were worth $92,740,000 as of its most recent filing with the SEC.
A number of other large investors have also bought and sold shares of the company. Maple Brown Abbott Ltd boosted its stake in Ameren Corporation by 15.6% in the second quarter. Maple Brown Abbott Ltd now owns 739,413 shares of the utilities provider’s stock valued at $40,424,000 after buying an additional 99,900 shares during the last quarter. National Planning Corp boosted its stake in Ameren Corporation by 132.7% in the second quarter. National Planning Corp now owns 9,228 shares of the utilities provider’s stock valued at $500,000 after buying an additional 5,262 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its stake in Ameren Corporation by 3.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 832,970 shares of the utilities provider’s stock valued at $45,539,000 after buying an additional 29,838 shares during the last quarter. Wetherby Asset Management Inc. acquired a new stake in Ameren Corporation during the second quarter valued at $396,000. Finally, Global X Management Co. LLC boosted its stake in Ameren Corporation by 6.8% in the second quarter. Global X Management Co. LLC now owns 159,819 shares of the utilities provider’s stock valued at $8,737,000 after buying an additional 10,149 shares during the last quarter. Hedge funds and other institutional investors own 71.82% of the company’s stock.
Ameren Corporation (AEE) opened at 58.54 on Friday. Ameren Corporation has a 52-week low of $46.84 and a 52-week high of $58.75. The firm’s 50-day moving average price is $55.76 and its 200 day moving average price is $54.99. The firm has a market cap of $14.20 billion, a price-to-earnings ratio of 20.49 and a beta of 0.36.
Ameren Corporation (NYSE:AEE) last released its earnings results on Friday, August 4th. The utilities provider reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.10. Ameren Corporation had a return on equity of 9.57% and a net margin of 11.11%. The company had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter last year, the business posted $0.61 EPS. Ameren Corporation’s quarterly revenue was up 7.8% compared to the same quarter last year. On average, equities research analysts forecast that Ameren Corporation will post $2.79 EPS for the current year.
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Several equities research analysts recently weighed in on the company. Morgan Stanley boosted their target price on Ameren Corporation from $56.00 to $57.00 and gave the stock an “overweight” rating in a research note on Thursday. BidaskClub upgraded Ameren Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. Goldman Sachs Group, Inc. (The) cut Ameren Corporation from a “neutral” rating to a “sell” rating and set a $51.00 target price for the company. in a research note on Monday, June 26th. Barclays PLC cut Ameren Corporation from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $60.00 to $58.00 in a research note on Thursday, May 25th. Finally, Zacks Investment Research cut Ameren Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, April 18th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $55.20.
In other Ameren Corporation news, Chairman Warner L. Baxter sold 13,310 shares of the stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $56.23, for a total transaction of $748,421.30. Following the transaction, the chairman now owns 145,939 shares of the company’s stock, valued at approximately $8,206,149.97. The transaction was disclosed in a document filed with the SEC, which is available at this link. 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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