Ameren Corporation (AEE) Shares Bought by National Planning Corp
National Planning Corp increased its stake in Ameren Corporation (NYSE:AEE) by 132.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,228 shares of the utilities provider’s stock after buying an additional 5,262 shares during the period. National Planning Corp’s holdings in Ameren Corporation were worth $500,000 as of its most recent filing with the SEC.
Several other large investors also recently bought and sold shares of the company. Ngam Advisors L.P. boosted its stake in Ameren Corporation by 57.3% in the first quarter. Ngam Advisors L.P. now owns 37,363 shares of the utilities provider’s stock valued at $2,040,000 after buying an additional 13,603 shares in the last quarter. Credit Suisse AG boosted its stake in Ameren Corporation by 17.5% in the first quarter. Credit Suisse AG now owns 355,359 shares of the utilities provider’s stock valued at $19,399,000 after buying an additional 52,967 shares in the last quarter. Conning Inc. boosted its stake in Ameren Corporation by 1.3% in the first quarter. Conning Inc. now owns 6,435 shares of the utilities provider’s stock valued at $351,000 after buying an additional 80 shares in the last quarter. Archford Capital Strategies LLC bought a new stake in Ameren Corporation during the first quarter valued at approximately $1,462,000. Finally, Swiss National Bank boosted its stake in Ameren Corporation by 24.8% in the first quarter. Swiss National Bank now owns 968,193 shares of the utilities provider’s stock valued at $52,854,000 after buying an additional 192,100 shares in the last quarter. 71.82% of the stock is owned by hedge funds and other institutional investors.
Ameren Corporation (NYSE:AEE) opened at 57.95 on Friday. Ameren Corporation has a 12 month low of $46.84 and a 12 month high of $58.75. The company’s 50-day moving average is $55.81 and its 200-day moving average is $55.04. The stock has a market capitalization of $14.06 billion, a PE ratio of 20.28 and a beta of 0.36.
Ameren Corporation (NYSE:AEE) last issued its earnings results on Friday, August 4th. The utilities provider reported $0.79 earnings per share (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 company had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.42 billion. During the same period in the prior year, the business earned $0.61 EPS. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. Equities research analysts forecast that Ameren Corporation will post $2.79 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Wednesday, September 13th will be issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 3.04%. Ameren Corporation’s payout ratio is 61.54%.
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AEE has been the subject of several research analyst reports. Goldman Sachs Group, Inc. (The) cut shares of Ameren Corporation from a “neutral” rating to a “sell” rating and set a $51.00 target price for the company. in a research report on Monday, June 26th. BidaskClub raised shares of Ameren Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. Barclays PLC reaffirmed an “overweight” rating and issued a $60.00 target price (up from $56.00) on shares of Ameren Corporation in a research report on Sunday, April 23rd. Zacks Investment Research cut shares of Ameren Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, April 18th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Ameren Corporation in a research report on Monday, July 10th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $55.20.
In other Ameren Corporation news, Chairman Warner L. Baxter sold 13,310 shares of the stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $56.23, for a total transaction of $748,421.30. Following the transaction, the chairman now directly owns 145,939 shares in the company, valued at approximately $8,206,149.97. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.38% of the stock is owned by corporate 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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