CIBC Asset Management Inc raised its position in Ameren Corporation (NYSE:AEE) by 0.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,805 shares of the utilities provider’s stock after buying an additional 85 shares during the period. CIBC Asset Management Inc’s holdings in Ameren Corporation were worth $1,301,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Ngam Advisors L.P. raised its position in shares of Ameren Corporation by 57.3% in the first quarter. Ngam Advisors L.P. now owns 37,363 shares of the utilities provider’s stock worth $2,040,000 after buying an additional 13,603 shares during the last quarter. Credit Suisse AG raised its position in shares of Ameren Corporation by 17.5% in the first quarter. Credit Suisse AG now owns 355,359 shares of the utilities provider’s stock worth $19,399,000 after buying an additional 52,967 shares during the last quarter. Conning Inc. raised its position in shares of Ameren Corporation by 1.3% in the first quarter. Conning Inc. now owns 6,435 shares of the utilities provider’s stock worth $351,000 after buying an additional 80 shares during the last quarter. Archford Capital Strategies LLC acquired a new position in shares of Ameren Corporation during the first quarter worth about $1,462,000. Finally, Swiss National Bank raised its position in shares of Ameren Corporation by 24.8% in the first quarter. Swiss National Bank now owns 968,193 shares of the utilities provider’s stock worth $52,854,000 after buying an additional 192,100 shares during the last quarter. Hedge funds and other institutional investors own 71.82% of the company’s stock.
Shares of Ameren Corporation (NYSE AEE) opened at 58.54 on Friday. The firm has a market cap of $14.20 billion, a price-to-earnings ratio of 20.49 and a beta of 0.36. Ameren Corporation has a 52-week low of $46.84 and a 52-week high of $58.75. The company’s 50 day moving average is $55.76 and its 200 day moving average is $54.99.
Ameren Corporation (NYSE:AEE) last issued its quarterly earnings data on Friday, August 4th. The utilities provider reported $0.79 EPS for the quarter, beating the consensus estimate of $0.69 by $0.10. The company had revenue of $1.54 billion during 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%. Ameren Corporation’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.61 earnings per share. Analysts anticipate that Ameren Corporation will post $2.79 earnings per share for the current year.
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A number of research analysts have issued reports on AEE shares. Goldman Sachs Group, Inc. (The) lowered shares of Ameren Corporation from a “neutral” rating to a “sell” rating and set a $51.00 target price on the stock. in a research report on Monday, June 26th. BidaskClub upgraded shares of Ameren Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. Barclays PLC reiterated an “overweight” rating and set a $60.00 price target (up previously from $56.00) on shares of Ameren Corporation in a research report on Sunday, April 23rd. Zacks Investment Research lowered shares of Ameren Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, April 18th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Ameren Corporation in a research report on Monday, July 10th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $55.20.
In related news, Chairman Warner L. Baxter sold 13,310 shares of the business’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 transaction, the chairman now owns 145,939 shares of the company’s stock, valued at $8,206,149.97. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.38% of the stock is currently owned by insiders.
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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