Great West Life Assurance Co. Can increased its position in Ameren Corporation (NYSE:AEE) by 26.1% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 284,712 shares of the utilities provider’s stock after buying an additional 58,993 shares during the period. Great West Life Assurance Co. Can’s holdings in Ameren Corporation were worth $15,541,000 as of its most recent filing with the SEC.
Several other hedge funds also recently modified their holdings of AEE. First Financial Corp IN boosted its stake in shares of Ameren Corporation by 10.6% in the first quarter. First Financial Corp IN now owns 2,138 shares of the utilities provider’s stock worth $117,000 after buying an additional 205 shares in the last quarter. Acropolis Investment Management LLC boosted 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. Benjamin F. Edwards & Company Inc. boosted its stake in shares of Ameren Corporation by 2.4% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,408 shares of the utilities provider’s stock worth $132,000 after buying an additional 56 shares in the last quarter. Parkside Financial Bank & Trust boosted its stake in shares of Ameren Corporation by 6.8% in the first quarter. Parkside Financial Bank & Trust now owns 2,486 shares of the utilities provider’s stock worth $136,000 after buying an additional 159 shares in the last quarter. Finally, V Wealth Management LLC bought a new stake in shares of Ameren Corporation during the second quarter worth approximately $138,000. 71.82% of the stock is currently owned by hedge funds and other institutional investors.
Ameren Corporation (NYSE AEE) opened at 57.94 on Tuesday. Ameren Corporation has a 12-month low of $46.84 and a 12-month high of $58.15. The company has a market capitalization of $14.06 billion, a PE ratio of 21.72 and a beta of 0.36. The stock’s 50 day moving average price is $55.55 and its 200 day moving average price is $54.77.
Ameren Corporation (NYSE:AEE) last posted its quarterly earnings data on Friday, August 4th. The utilities provider reported $0.79 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.69 by $0.10. Ameren Corporation had a net margin of 11.11% and a return on equity of 9.57%. The business had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.42 billion. During the same period in the previous year, the firm posted $0.61 earnings per share. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. On average, equities analysts anticipate that Ameren Corporation will post $2.77 EPS for the current fiscal year.
Several research firms recently issued reports on AEE. BidaskClub cut Ameren Corporation from a “hold” rating to a “sell” rating in a research report on Saturday, July 1st. Barclays PLC cut 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. Goldman Sachs Group, Inc. (The) cut Ameren Corporation from a “neutral” rating to a “sell” rating and set a $51.00 price objective on the stock. in a research report on Monday, June 26th. Zacks Investment Research cut Ameren Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, April 11th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Ameren Corporation in a research report on Monday, July 10th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $54.75.
In other news, Chairman Warner L. Baxter sold 13,310 shares of Ameren Corporation stock in a transaction 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 directly owns 145,939 shares in the company, valued at $8,206,149.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.38% 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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