Ameren Corp. (AEE) Given “Hold” Rating at Argus
Ameren Corp. (NYSE:AEE)‘s stock had its “hold” rating reissued by analysts at Argus in a research note issued to investors on Tuesday.
A number of other brokerages have also commented on AEE. Barclays PLC reiterated a “buy” rating and issued a $55.00 price objective on shares of Ameren Corp. in a research report on Wednesday, July 6th. Zacks Investment Research lowered Ameren Corp. from a “hold” rating to a “sell” rating in a research report on Friday, July 8th.
Ameren Corp. (NYSE:AEE) traded up 1.4234% during mid-day trading on Tuesday, hitting $48.8658. 450,762 shares of the stock were exchanged. Ameren Corp. has a 12-month low of $41.33 and a 12-month high of $54.08. The firm has a 50-day moving average price of $49.12 and a 200-day moving average price of $49.91. The stock has a market capitalization of $11.86 billion, a P/E ratio of 19.0510 and a beta of 0.37.
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Ameren Corp. (NYSE:AEE) last announced its quarterly earnings data on Friday, August 5th. The company reported $0.61 EPS for the quarter, topping the Zacks’ consensus estimate 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 company’s revenue was up 1.9% on a year-over-year basis. During the same period last year, the company earned $0.58 earnings per share. Equities analysts predict that Ameren Corp. will post $2.54 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 30th. Stockholders of record on Wednesday, December 7th will be issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 3.65%. The ex-dividend date is Monday, December 5th. This is a boost from Ameren Corp.’s previous quarterly dividend of $0.43. Ameren Corp.’s payout ratio is 66.15%.
In other news, SVP Bruce A. Steinke sold 3,000 shares of Ameren Corp. stock in a transaction dated Thursday, August 11th. The stock was sold at an average price of $50.82, for a total transaction of $152,460.00. Following the transaction, the senior vice president now owns 24,660 shares in the company, valued at approximately $1,253,221.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Walter J. Galvin sold 36,989 shares of Ameren Corp. stock in a transaction dated Wednesday, September 7th. The shares were sold at an average price of $49.94, for a total value of $1,847,230.66. The disclosure for this sale can be found here. Insiders own 0.38% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the stock. Acropolis Investment Management LLC boosted its position in Ameren Corp. by 0.5% in the third quarter. Acropolis Investment Management LLC now owns 2,372 shares of the company’s stock valued at $117,000 after buying an additional 11 shares during the period. TLP Group LLC acquired a new position in Ameren Corp. during the second quarter valued at $135,000. FTB Advisors Inc. boosted its position in Ameren Corp. by 3.7% in the second quarter. FTB Advisors Inc. now owns 2,597 shares of the company’s stock valued at $138,000 after buying an additional 92 shares during the period. Signaturefd LLC boosted its position in Ameren Corp. by 84.7% in the second quarter. Signaturefd LLC now owns 2,755 shares of the company’s stock valued at $148,000 after buying an additional 1,263 shares during the period. Finally, Mizuho Asset Management Co. Ltd. boosted its position in Ameren Corp. by 75.9% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 3,100 shares of the company’s stock valued at $166,000 after buying an additional 1,338 shares during the period. Institutional investors and hedge funds own 67.52% of the company’s stock.
About Ameren Corp.
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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