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Ameren Corp. (NYSE:AEE) shares shot up 5.5% on Friday after the company announced better than expected quarterly earnings, American Banking and Market News reports. The company traded as high as $42.24 and last traded at $40.94, with a volume of 3,851,430 shares changing hands. The stock had previously closed at $38.81.

The company reported $0.19 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.12 by $0.07. The company had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter in the prior year, the company posted $0.14 earnings per share.

The company also recently declared a quarterly dividend, which is scheduled for Monday, March 31st. Investors of record on Wednesday, March 12th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 4.12%. The ex-dividend date of this dividend is Monday, March 10th.

A number of research firms have recently commented on AEE. Analysts at Wells Fargo & Co. upgraded shares of Ameren Corp. from a “market perform” rating to an “outperform” rating in a research note on Monday, January 6th. Analysts at Barclays cut their price target on shares of Ameren Corp. from $41.00 to $39.00 in a research note on Wednesday, December 11th. They now have an “overweight” rating on the stock. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. Ameren Corp. presently has an average rating of “Hold” and a consensus price target of $37.43.

The stock’s 50-day moving average is $36.93 and its 200-day moving average is $35.65. The company’s market cap is $9.919 billion.

Ameren Corporation (NYSE:AEE) utility holding company.

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