Ameren Corp. (AEE) Rating Reiterated by Argus
Ameren Corp. (NYSE:AEE)‘s stock had its “hold” rating reaffirmed by analysts at Argus in a research note issued on Tuesday.
A number of other equities analysts also recently issued reports on the company. Zacks Investment Research upgraded Ameren Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, August 9th. Barclays PLC restated a “buy” rating and set a $55.00 price objective on shares of Ameren Corp. in a research report on Wednesday, July 6th.
Shares of Ameren Corp. (NYSE:AEE) traded up 1.4562% during mid-day trading on Tuesday, hitting $48.8816. 454,983 shares of the company’s stock traded hands. The stock 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 cap of $11.86 billion, a P/E ratio of 19.0572 and a beta of 0.37. Ameren Corp. has a 1-year low of $41.33 and a 1-year high of $54.08.
Ameren Corp. (NYSE:AEE) last issued its quarterly earnings data on Friday, August 5th. The company reported $0.61 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.09. Ameren Corp. had a return on equity of 8.83% and a net margin of 10.40%. The company earned $1.43 billion during the quarter, compared to the consensus estimate of $1.45 billion. During the same period last year, the company earned $0.58 earnings per share. The firm’s revenue was up 1.9% compared to the same quarter last year. Equities research analysts anticipate that Ameren Corp. will post $2.54 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 30th. Shareholders of record on Wednesday, December 7th will be issued a $0.44 dividend. This is an increase from Ameren Corp.’s previous quarterly dividend of $0.43. This represents a $1.76 dividend on an annualized basis and a yield of 3.65%. The ex-dividend date of this dividend is Monday, December 5th. Ameren Corp.’s payout ratio is presently 66.15%.
In other Ameren Corp. news, Director Walter J. Galvin sold 36,989 shares of Ameren Corp. stock in a transaction that occurred on Wednesday, September 7th. The stock was sold at an average price of $49.94, for a total value of $1,847,230.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Bruce A. Steinke sold 3,000 shares of Ameren Corp. stock in a transaction that occurred on Thursday, August 11th. The stock was sold at an average price of $50.82, for a total value of $152,460.00. Following the completion of the sale, the senior vice president now 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 company insiders.
A number of large investors have recently modified their holdings of AEE. Simmons Bank acquired a new stake in shares of Ameren Corp. during the first quarter worth $1,212,000. Geode Capital Management LLC increased its stake in Ameren Corp. by 0.4% in the first quarter. Geode Capital Management LLC now owns 1,968,157 shares of the company’s stock valued at $98,406,000 after buying an additional 7,935 shares in the last quarter. Riverhead Capital Management LLC increased its stake in Ameren Corp. by 37.4% in the first quarter. Riverhead Capital Management LLC now owns 263,531 shares of the company’s stock valued at $13,202,000 after buying an additional 71,728 shares in the last quarter. AXA increased its stake in Ameren Corp. by 96.8% in the first quarter. AXA now owns 9,350 shares of the company’s stock valued at $468,000 after buying an additional 4,600 shares in the last quarter. Finally, Lazard Asset Management LLC increased its stake in Ameren Corp. by 6.5% in the first quarter. Lazard Asset Management LLC now owns 4,597,521 shares of the company’s stock valued at $230,335,000 after buying an additional 281,372 shares in the last quarter. 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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