Ameren Corporation (NYSE:AEE) Given Overweight Rating at Morgan Stanley
AEE has been the topic of a number of other reports. BidaskClub lowered shares of Ameren Corporation from a hold rating to a sell rating in a research note on Saturday, July 1st. Zacks Investment Research downgraded shares of Ameren Corporation from a hold rating to a sell rating in a report on Tuesday, April 18th. Barclays PLC reiterated an overweight rating and issued a $60.00 price objective (up previously from $56.00) on shares of Ameren Corporation in a report on Sunday, April 23rd. Finally, Goldman Sachs Group, Inc. (The) downgraded shares of Ameren Corporation from a neutral rating to a sell rating and set a $51.00 price objective for the company. in a report on Monday, June 26th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of Hold and an average price target of $54.75.
Shares of Ameren Corporation (NYSE:AEE) traded up 0.77% during midday trading on Monday, hitting $57.94. The stock had a trading volume of 2,400,693 shares. The firm has a 50 day moving average price of $55.55 and a 200-day moving average price of $54.77. The stock has a market cap of $14.06 billion, a PE ratio of 21.72 and a beta of 0.36. Ameren Corporation has a 52-week low of $46.84 and a 52-week high of $58.15.
Ameren Corporation (NYSE:AEE) last issued its quarterly earnings results on Friday, August 4th. The utilities provider reported $0.79 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.10. The firm had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.42 billion. Ameren Corporation had a net margin of 11.11% and a return on equity of 9.57%. Ameren Corporation’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period last year, the company posted $0.61 EPS. Equities analysts predict that Ameren Corporation will post $2.77 EPS for the current fiscal year.
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In other news, Chairman Warner L. Baxter sold 13,310 shares of the firm’s stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $56.23, for a total transaction of $748,421.30. Following the completion of the sale, the chairman now owns 145,939 shares in the company, valued at approximately $8,206,149.97. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.38% of the stock is currently owned by corporate insiders.
Several hedge funds have recently made changes to their positions in AEE. Acropolis Investment Management LLC increased its stake in shares of Ameren Corporation by 0.5% in the second quarter. Acropolis Investment Management LLC now owns 2,406 shares of the utilities provider’s stock worth $132,000 after buying an additional 11 shares in the last quarter. Conning Inc. increased its stake in shares of Ameren Corporation by 0.3% in the second quarter. Conning Inc. now owns 6,455 shares of the utilities provider’s stock worth $353,000 after buying an additional 20 shares in the last quarter. Cleararc Capital Inc. increased its stake in shares of Ameren Corporation by 0.5% in the first quarter. Cleararc Capital Inc. now owns 5,944 shares of the utilities provider’s stock worth $324,000 after buying an additional 31 shares in the last quarter. ING Groep NV increased its stake in shares of Ameren Corporation by 0.4% in the second quarter. ING Groep NV now owns 12,426 shares of the utilities provider’s stock worth $679,000 after buying an additional 45 shares in the last quarter. Finally, FTB Advisors Inc. increased its stake in shares of Ameren Corporation by 1.9% in the first quarter. FTB Advisors Inc. now owns 2,646 shares of the utilities provider’s stock worth $144,000 after buying an additional 49 shares in the last quarter. Institutional investors and hedge funds own 71.82% of the company’s stock.
Ameren Corporation Company Profile
Ameren Corporation is a utility holding company. The Company’s subsidiaries include Ameren Missouri, Ameren Illinois and Ameren Transmission Company (ATXI). It operates through four segments. The Ameren Missouri segment includes all of the operations of Ameren Missouri. The Ameren Illinois Electric Distribution segment consists of the electric distribution business of Ameren Illinois.
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