Ameren Corporation (AEE) Sets New 12-Month High at $60.81

Ameren Corporation (NYSE:AEE)’s share price hit a new 52-week high on Monday . The company traded as high as $60.81 and last traded at $60.85, with a volume of 492,148 shares. The stock had previously closed at $60.09.

AEE has been the subject of a number of recent research reports. BidaskClub upgraded shares of Ameren Corporation from a “hold” rating to a “buy” rating in a research note on Friday, August 11th. Morgan Stanley restated an “equal weight” rating on shares of Ameren Corporation in a research note on Friday. Barclays PLC downgraded shares of Ameren Corporation from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $60.00 to $58.00 in a research note on Thursday, May 25th. Zacks Investment Research downgraded shares of Ameren Corporation from a “buy” rating to a “hold” rating in a research note on Monday. 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 research note on Monday, June 26th. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $55.20.

The stock’s 50 day moving average is $58.54 and its 200 day moving average is $56.04. The stock has a market capitalization of $14.78 billion, a price-to-earnings ratio of 21.32 and a beta of 0.37.

Ameren Corporation (NYSE:AEE) last released its 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 analysts’ expectations of $1.42 billion. Ameren Corporation had a net margin of 11.11% and a return on equity of 9.57%. The company’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.61 earnings per share. Analysts predict that Ameren Corporation will post $2.80 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Wednesday, September 13th will be paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date is Tuesday, September 12th. Ameren Corporation’s payout ratio is 61.54%.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Acropolis Investment Management LLC increased its holdings in Ameren Corporation by 0.5% during the 2nd quarter. Acropolis Investment Management LLC now owns 2,406 shares of the utilities provider’s stock worth $132,000 after acquiring an additional 11 shares during the period. Conning Inc. increased its holdings in Ameren Corporation by 0.3% during the 2nd quarter. Conning Inc. now owns 6,455 shares of the utilities provider’s stock worth $353,000 after acquiring an additional 20 shares during the period. Cleararc Capital Inc. increased its holdings in Ameren Corporation by 0.5% during the 1st quarter. Cleararc Capital Inc. now owns 5,944 shares of the utilities provider’s stock worth $324,000 after acquiring an additional 31 shares during the period. ING Groep NV increased its holdings in Ameren Corporation by 0.4% during the 2nd quarter. ING Groep NV now owns 12,426 shares of the utilities provider’s stock worth $679,000 after acquiring an additional 45 shares during the period. Finally, C M Bidwell & Associates Ltd. increased its holdings in Ameren Corporation by 1.0% during the 2nd quarter. C M Bidwell & Associates Ltd. now owns 4,345 shares of the utilities provider’s stock worth $238,000 after acquiring an additional 45 shares during the period. 69.82% of the stock is currently owned by institutional investors.

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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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