Raymond James & Associates grew its stake in Ameren Corp (NYSE:AEE) by 69.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 289,723 shares of the utilities provider’s stock after purchasing an additional 119,161 shares during the period. Raymond James & Associates owned approximately 0.12% of Ameren worth $20,385,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors also recently bought and sold shares of AEE. Hayden Royal LLC increased its holdings in shares of Ameren by 3.7% during the 1st quarter. Hayden Royal LLC now owns 3,949 shares of the utilities provider’s stock worth $288,000 after buying an additional 140 shares during the last quarter. TCI Wealth Advisors Inc. grew its holdings in shares of Ameren by 52.7% during the 2nd quarter. TCI Wealth Advisors Inc. now owns 429 shares of the utilities provider’s stock worth $30,000 after purchasing an additional 148 shares during the period. Acropolis Investment Management LLC increased its position in shares of Ameren by 2.8% during the 2nd quarter. Acropolis Investment Management LLC now owns 5,895 shares of the utilities provider’s stock worth $415,000 after purchasing an additional 158 shares during the last quarter. Smith Graham & Co. Investment Advisors LP raised its holdings in Ameren by 0.4% in the 2nd quarter. Smith Graham & Co. Investment Advisors LP now owns 45,866 shares of the utilities provider’s stock valued at $3,227,000 after buying an additional 165 shares during the period. Finally, Ameritas Investment Company LLC boosted its stake in Ameren by 41.5% during the first quarter. Ameritas Investment Company LLC now owns 566 shares of the utilities provider’s stock worth $41,000 after buying an additional 166 shares during the period. Institutional investors and hedge funds own 76.61% of the company’s stock.
NYSE AEE opened at $80.24 on Friday. Ameren Corp has a 52 week low of $58.74 and a 52 week high of $87.65. The firm has a 50 day moving average of $74.32 and a two-hundred day moving average of $76.05. The stock has a market capitalization of $19.81 billion, a PE ratio of 25.39, a price-to-earnings-growth ratio of 3.43 and a beta of 0.25. The company has a quick ratio of 0.42, a current ratio of 0.62 and a debt-to-equity ratio of 1.14.
Ameren (NYSE:AEE) last issued its earnings results on Monday, May 11th. The utilities provider reported $0.59 EPS for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.12). Ameren had a return on equity of 9.62% and a net margin of 13.51%. The firm had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.56 billion. During the same quarter in the previous year, the firm posted $0.78 EPS. The business’s revenue for the quarter was down 7.5% on a year-over-year basis. On average, equities research analysts expect that Ameren Corp will post 3.46 earnings per share for the current fiscal year.
Several equities analysts have recently commented on the stock. Barclays restated a “hold” rating and issued a $84.00 price objective on shares of Ameren in a report on Wednesday, April 22nd. Morgan Stanley raised their price target on Ameren from $76.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Friday, July 17th. Bank of America boosted their price objective on Ameren from $75.00 to $79.00 and gave the company a “buy” rating in a report on Tuesday, July 7th. Wells Fargo & Co restated a “buy” rating on shares of Ameren in a report on Tuesday, May 12th. Finally, TheStreet upgraded shares of Ameren from a “c+” rating to a “b” rating in a research note on Wednesday, June 3rd. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $83.50.
Ameren Corporation operates as a public utility holding company in the United States. It operates through four segments: Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, and Ameren Transmission. The company engages in the rate-regulated electric generation, transmission, and distribution activities; and rate-regulated natural gas distribution and transmission businesses.
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