Ameren Sees Unusually High Options Volume (NYSE:AEE)

Ameren Co. (NYSE:AEEGet Rating) was the recipient of unusually large options trading activity on Wednesday. Investors bought 2,984 call options on the company. This represents an increase of approximately 2,268% compared to the typical volume of 126 call options.

Ameren Stock Down 0.1 %

Ameren stock opened at $90.41 on Friday. The firm has a market capitalization of $23.36 billion, a PE ratio of 23.18, a P/E/G ratio of 3.10 and a beta of 0.35. The company’s 50-day moving average is $92.62 and its 200-day moving average is $91.86. Ameren has a fifty-two week low of $80.27 and a fifty-two week high of $99.20. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.67 and a quick ratio of 0.50.

Ameren (NYSE:AEEGet Rating) last released its quarterly earnings data on Thursday, August 4th. The utilities provider reported $0.80 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.07). The firm had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.52 billion. Ameren had a return on equity of 10.19% and a net margin of 14.49%. The firm’s revenue for the quarter was up 17.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.80 earnings per share. Sell-side analysts anticipate that Ameren will post 4.09 earnings per share for the current year.

Ameren Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Wednesday, September 7th will be paid a $0.59 dividend. The ex-dividend date is Tuesday, September 6th. This represents a $2.36 dividend on an annualized basis and a yield of 2.61%. Ameren’s dividend payout ratio (DPR) is currently 60.51%.

Insiders Place Their Bets

In other news, Chairman Warner L. Baxter sold 54,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 9th. The shares were sold at an average price of $93.19, for a total transaction of $5,032,260.00. Following the completion of the sale, the chairman now owns 267,893 shares of the company’s stock, valued at $24,964,948.67. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, Chairman Warner L. Baxter sold 54,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 9th. The shares were sold at an average price of $93.19, for a total value of $5,032,260.00. Following the completion of the sale, the chairman now owns 267,893 shares of the company’s stock, valued at $24,964,948.67. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Rafael Flores sold 1,600 shares of the firm’s stock in a transaction that occurred on Wednesday, August 17th. The shares were sold at an average price of $96.07, for a total transaction of $153,712.00. Following the completion of the sale, the director now directly owns 14,178 shares of the company’s stock, valued at approximately $1,362,080.46. The disclosure for this sale can be found here. Corporate insiders own 0.52% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. CVA Family Office LLC grew its stake in Ameren by 5.0% in the 1st quarter. CVA Family Office LLC now owns 2,425 shares of the utilities provider’s stock valued at $227,000 after buying an additional 115 shares during the last quarter. Veritable L.P. grew its stake in Ameren by 1.1% in the 1st quarter. Veritable L.P. now owns 10,434 shares of the utilities provider’s stock valued at $978,000 after buying an additional 118 shares during the last quarter. Cetera Advisor Networks LLC grew its stake in Ameren by 2.1% in the 1st quarter. Cetera Advisor Networks LLC now owns 5,703 shares of the utilities provider’s stock valued at $535,000 after buying an additional 119 shares during the last quarter. Avidian Wealth Solutions LLC boosted its holdings in Ameren by 1.7% in the 1st quarter. Avidian Wealth Solutions LLC now owns 7,378 shares of the utilities provider’s stock valued at $692,000 after purchasing an additional 123 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in Ameren by 0.6% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 20,541 shares of the utilities provider’s stock valued at $1,926,000 after purchasing an additional 125 shares during the period. Institutional investors and hedge funds own 77.98% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on AEE shares. Mizuho lifted their price target on shares of Ameren from $92.00 to $98.00 and gave the stock a “neutral” rating in a research report on Monday, September 12th. Barclays cut their price objective on shares of Ameren from $99.00 to $91.00 and set an “equal weight” rating on the stock in a research report on Monday, July 18th. BMO Capital Markets boosted their price objective on shares of Ameren from $98.00 to $103.00 and gave the company an “outperform” rating in a research report on Friday, September 9th. Morgan Stanley cut their price objective on shares of Ameren from $101.00 to $99.00 and set an “overweight” rating on the stock in a research report on Thursday. Finally, Argus boosted their price objective on shares of Ameren from $95.00 to $102.00 and gave the company a “buy” rating in a research report on Friday, June 3rd. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Ameren currently has an average rating of “Moderate Buy” and a consensus target price of $99.13.

About Ameren

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Ameren Corporation, together with its subsidiaries, operates as a public utility holding company in the United States. It operates through four segments: Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, and Ameren Transmission. The company engages in the rate-regulated electric generation, transmission, and distribution activities; and rate-regulated natural gas distribution and transmission businesses.

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