Ameren Corp. (AEE) Rating Reiterated by Argus
Ameren Corp. (NYSE:AEE)‘s stock had its “hold” rating reissued by equities researchers at Argus in a research report issued to clients and investors on Tuesday.
AEE has been the topic of several other research reports. Barclays PLC reissued a “buy” rating and set a $55.00 price objective on shares of Ameren Corp. in a research note on Wednesday, July 6th. Zacks Investment Research downgraded shares of Ameren Corp. from a “hold” rating to a “sell” rating in a research note on Friday, July 8th.
Ameren Corp. (NYSE:AEE) traded up 1.4562% during midday trading on Tuesday, hitting $48.8816. The stock had a trading volume of 454,983 shares. The firm’s 50-day moving average price is $49.12 and its 200 day moving average price is $49.91. Ameren Corp. has a 12 month low of $41.33 and a 12 month high of $54.08. The company has a market cap of $11.86 billion, a P/E ratio of 19.0572 and a beta of 0.37.
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Ameren Corp. (NYSE:AEE) last announced its quarterly earnings results on Friday, August 5th. The company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.09. Ameren Corp. had a net margin of 10.40% and a return on equity of 8.83%. The company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter in the prior year, the firm earned $0.58 earnings per share. The company’s revenue for the quarter was up 1.9% compared to the same quarter last year. On average, analysts expect that Ameren Corp. will post $2.54 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 30th. Investors of record on Wednesday, December 7th will be paid a dividend of $0.44 per share. This is an increase from Ameren Corp.’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Monday, December 5th. This represents a $1.76 annualized dividend and a dividend yield of 3.65%. Ameren Corp.’s dividend payout ratio is presently 66.15%.
In related news, SVP Bruce A. Steinke sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, August 11th. The shares were 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 of the company’s stock, valued at $1,253,221.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Walter J. Galvin sold 36,989 shares of the company’s stock in a transaction that occurred on Wednesday, September 7th. The shares were sold at an average price of $49.94, for a total transaction of $1,847,230.66. The disclosure for this sale can be found here. Corporate insiders own 0.38% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. Acropolis Investment Management LLC increased its position in shares of 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 last quarter. TLP Group LLC bought a new position in shares of Ameren Corp. during the second quarter valued at 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 valued at $138,000 after buying an additional 92 shares during the period. 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 valued at $148,000 after buying an additional 1,263 shares during the period. 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 valued at $166,000 after buying an additional 1,338 shares during the period. 67.52% of the stock is currently owned by institutional investors and hedge funds.
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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