Ameren Corp. (AEE) Shares Gap Up to $50.04
Ameren Corp. (NYSE:AEE)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $49.91, but opened at $50.04. Ameren Corp. shares last traded at $50.31, with a volume of 702,251 shares traded.
AEE has been the topic of a number of research analyst reports. Barclays PLC restated a “buy” rating and set a $55.00 price target on shares of Ameren Corp. in a report on Wednesday, July 6th. Zacks Investment Research upgraded Ameren Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, May 24th.
The stock has a market cap of $12.16 billion, a P/E ratio of 19.53 and a beta of 0.35. The stock has a 50-day moving average price of $50.13 and a 200 day moving average price of $49.88.
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Ameren Corp. (NYSE:AEE) last released its quarterly earnings data on Friday, August 5th. The company reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.09. The firm earned $1.43 billion during the quarter, compared to analyst estimates of $1.45 billion. Ameren Corp. had a return on equity of 8.83% and a net margin of 10.40%. The business’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.58 earnings per share. On average, equities analysts predict that Ameren Corp. will post $2.54 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Thursday, September 8th will be paid a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 3.39%. The ex-dividend date of this dividend is Tuesday, September 6th. Ameren Corp.’s dividend payout ratio (DPR) is 66.15%.
In related news, Director Walter J. Galvin sold 36,989 shares of the stock in a transaction that occurred on Wednesday, September 7th. The stock was sold at an average price of $49.94, for a total transaction of $1,847,230.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Bruce A. Steinke sold 3,000 shares of the stock in a transaction that occurred on Thursday, August 11th. The shares were sold at an average price of $50.82, for a total value of $152,460.00. Following the transaction, the senior vice president now directly owns 24,660 shares of the company’s stock, valued at $1,253,221.20. The disclosure for this sale can be found here. 0.38% of the stock is owned by insiders.
A number of institutional investors have recently made changes to their positions in AEE. Acropolis Investment Management LLC raised its position in shares of Ameren Corp. by 0.5% in the second quarter. Acropolis Investment Management LLC now owns 2,361 shares of the company’s stock worth $126,000 after buying an additional 12 shares during the last quarter. TLP Group LLC purchased a new position in shares of Ameren Corp. during the second quarter worth approximately $135,000. FTB Advisors Inc. raised its position in shares of Ameren Corp. by 3.7% in the second quarter. FTB Advisors Inc. now owns 2,597 shares of the company’s stock worth $138,000 after buying an additional 92 shares during the last quarter. Signaturefd LLC raised its position in shares of Ameren Corp. by 84.7% in the second quarter. Signaturefd LLC now owns 2,755 shares of the company’s stock worth $148,000 after buying an additional 1,263 shares during the last quarter. Finally, Mizuho Asset Management Co. Ltd. raised its position in shares of Ameren Corp. by 75.9% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 3,100 shares of the company’s stock worth $166,000 after buying an additional 1,338 shares during the last quarter. 68.31% of the stock is owned by institutional investors.
Ameren Corp. Company Profile
Ameren Corporation (Ameren) is a public utility holding company. Ameren’s primary assets are its equity interests in its subsidiaries, including Union Electric Company (doing business as Ameren Missouri) and Ameren Illinois Company (Ameren Illinois). Ameren operates through two segments: Ameren Missouri and Ameren Illinois.
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