Ameren Corporation (AEE) Stake Boosted by Mitsubishi UFJ Kokusai Asset Management Co. Ltd.
Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in Ameren Corporation (NYSE:AEE) by 2.9% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 49,798 shares of the company’s stock after buying an additional 1,401 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Ameren Corporation were worth $2,449,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently modified their holdings of the company. Bank of Montreal Can acquired a new position in Ameren Corporation during the second quarter worth about $192,842,000. Brookfield Asset Management Inc. boosted its position in Ameren Corporation by 20,072.2% in the second quarter. Brookfield Asset Management Inc. now owns 1,452,400 shares of the company’s stock worth $77,820,000 after buying an additional 1,445,200 shares in the last quarter. Janus Capital Management LLC boosted its position in Ameren Corporation by 214.8% in the second quarter. Janus Capital Management LLC now owns 1,763,714 shares of the company’s stock worth $94,500,000 after buying an additional 1,203,453 shares in the last quarter. AQR Capital Management LLC boosted its position in Ameren Corporation by 45.1% in the second quarter. AQR Capital Management LLC now owns 3,679,800 shares of the company’s stock worth $197,164,000 after buying an additional 1,143,337 shares in the last quarter. Finally, American Century Companies Inc. boosted its position in Ameren Corporation by 33.6% in the second quarter. American Century Companies Inc. now owns 2,672,261 shares of the company’s stock worth $143,180,000 after buying an additional 672,351 shares in the last quarter. Institutional investors own 66.93% of the company’s stock.
Ameren Corporation (NYSE:AEE) traded down 0.08% during mid-day trading on Friday, hitting $51.92. The stock had a trading volume of 546,975 shares. The firm has a market cap of $12.60 billion, a PE ratio of 19.42 and a beta of 0.32. Ameren Corporation has a 52 week low of $41.50 and a 52 week high of $54.08. The company’s 50 day moving average price is $51.34 and its 200 day moving average price is $50.49.
Ameren Corporation (NYSE:AEE) last issued its quarterly earnings results on Friday, November 4th. The company reported $1.52 EPS for the quarter, beating analysts’ consensus estimates of $1.38 by $0.14. Ameren Corporation had a return on equity of 9.14% and a net margin of 10.78%. The firm had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.91 billion. During the same quarter in the prior year, the firm earned $1.41 EPS. The business’s revenue for the quarter was up 1.4% compared to the same quarter last year. Analysts anticipate that Ameren Corporation will post $2.68 earnings per share for the current year.
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AEE has been the topic of a number of recent analyst reports. Argus reiterated a “hold” rating on shares of Ameren Corporation in a research report on Tuesday, October 18th. Zacks Investment Research upgraded Ameren Corporation from a “hold” rating to a “buy” rating and set a $58.00 target price on the stock in a research report on Wednesday, December 14th.
Ameren Corporation Company Profile
Ameren Corporation (Ameren) is a public utility holding company. Ameren’s primary assets are its equity interests in its subsidiaries, including Union Electric Company (doing business as Ameren Missouri) and Ameren Illinois Company (Ameren Illinois). Ameren operates through two segments: Ameren Missouri and Ameren Illinois.
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