Ameren Corporation (AEE) Reaches New 52-Week High at $60.81
Ameren Corporation (NYSE:AEE)’s share price hit a new 52-week high during trading on Monday . The stock traded as high as $60.81 and last traded at $60.85, with a volume of 492,148 shares changing hands. The stock had previously closed at $60.09.
Several equities analysts have commented on the company. Zacks Investment Research lowered Ameren Corporation from a “buy” rating to a “hold” rating in a research report on Monday. Morgan Stanley reissued an “equal weight” rating on shares of Ameren Corporation in a research report on Friday, September 8th. BidaskClub raised Ameren Corporation from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 26th. Goldman Sachs Group, Inc. (The) lowered Ameren Corporation from a “neutral” rating to a “sell” rating and set a $51.00 price objective for the company. in a research report on Monday, June 26th. Finally, Barclays PLC lowered Ameren Corporation from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $60.00 to $58.00 in a research report on Thursday, May 25th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $55.20.
The company has a market capitalization of $14.42 billion, a PE ratio of 20.81 and a beta of 0.37. The stock has a 50-day moving average of $58.60 and a 200-day moving average of $56.09.
Ameren Corporation (NYSE:AEE) last posted its quarterly earnings results on Friday, August 4th. The utilities provider reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.10. Ameren Corporation had a return on equity of 9.57% and a net margin of 11.11%. The business had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter in the prior year, the company earned $0.61 EPS. The business’s revenue was up 7.8% compared to the same quarter last year. On average, equities research analysts expect that Ameren Corporation will post $2.80 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Wednesday, September 13th will be given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 2.96%. The ex-dividend date is Tuesday, September 12th. Ameren Corporation’s payout ratio is currently 61.54%.
Hedge funds have recently modified their holdings of the stock. Ngam Advisors L.P. boosted its position in Ameren Corporation by 57.3% during the first quarter. Ngam Advisors L.P. now owns 37,363 shares of the utilities provider’s stock valued at $2,040,000 after purchasing an additional 13,603 shares in the last quarter. Credit Suisse AG boosted its position in Ameren Corporation by 17.5% during the first quarter. Credit Suisse AG now owns 355,359 shares of the utilities provider’s stock valued at $19,399,000 after purchasing an additional 52,967 shares in the last quarter. Archford Capital Strategies LLC bought a new stake in Ameren Corporation during the first quarter valued at about $1,462,000. State of Tennessee Treasury Department boosted its position in Ameren Corporation by 989.9% during the first quarter. State of Tennessee Treasury Department now owns 823,966 shares of the utilities provider’s stock valued at $44,980,000 after purchasing an additional 748,367 shares in the last quarter. Finally, Mason Street Advisors LLC boosted its position in Ameren Corporation by 1.0% during the first quarter. Mason Street Advisors LLC now owns 33,530 shares of the utilities provider’s stock valued at $1,830,000 after purchasing an additional 339 shares in the last quarter. 69.82% of the stock is currently owned by institutional investors.
About Ameren Corporation
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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