Cullen Frost Bankers Inc. Increases Stake in Ameren Corporation (AEE)
Cullen Frost Bankers Inc. raised its stake in Ameren Corporation (NYSE:AEE) by 16.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,600 shares of the utilities provider’s stock after buying an additional 657 shares during the period. Cullen Frost Bankers Inc.’s holdings in Ameren Corporation were worth $251,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Chevy Chase Trust Holdings Inc. boosted its position in shares of Ameren Corporation by 3.1% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 210,765 shares of the utilities provider’s stock valued at $11,506,000 after buying an additional 6,414 shares in the last quarter. Gulf International Bank UK Ltd boosted its position in shares of Ameren Corporation by 1.3% in the first quarter. Gulf International Bank UK Ltd now owns 77,547 shares of the utilities provider’s stock valued at $4,233,000 after buying an additional 1,000 shares in the last quarter. National Pension Service boosted its position in shares of Ameren Corporation by 3.8% in the first quarter. National Pension Service now owns 217,024 shares of the utilities provider’s stock valued at $11,869,000 after buying an additional 7,972 shares in the last quarter. Fox Run Management L.L.C. acquired a new position in shares of Ameren Corporation during the first quarter valued at $218,000. Finally, Vicus Capital boosted its position in shares of Ameren Corporation by 0.7% in the first quarter. Vicus Capital now owns 10,039 shares of the utilities provider’s stock valued at $548,000 after buying an additional 66 shares in the last quarter. 71.82% of the stock is owned by institutional investors.
Ameren Corporation (NYSE AEE) opened at 58.08 on Thursday. Ameren Corporation has a 1-year low of $46.84 and a 1-year high of $58.75. The company has a market capitalization of $14.09 billion, a PE ratio of 21.77 and a beta of 0.36. The company has a 50 day moving average of $55.70 and a 200 day moving average of $54.97.
Ameren Corporation (NYSE:AEE) last announced its quarterly 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 return on equity of 9.57% and a net margin of 11.11%. The business had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter in the prior year, the company posted $0.61 earnings per share. Ameren Corporation’s revenue was up 7.8% compared to the same quarter last year. On average, analysts predict that Ameren Corporation will post $2.79 earnings per share for the current fiscal year.
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AEE has been the subject of several research reports. Zacks Investment Research cut shares of Ameren Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, April 18th. Barclays PLC reissued an “overweight” rating and issued a $60.00 target price (up from $56.00) on shares of Ameren Corporation in a research note on Sunday, April 23rd. 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 note on Monday, June 26th. BidaskClub cut shares of Ameren Corporation from a “hold” rating to a “sell” rating in a research note on Saturday, July 1st. Finally, Morgan Stanley reissued an “overweight” rating on shares of Ameren Corporation in a research note on Monday, July 10th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $54.75.
In related news, Chairman Warner L. Baxter sold 13,310 shares of the company’s stock in a transaction on Friday, June 9th. The stock was sold at an average price of $56.23, for a total transaction of $748,421.30. Following the completion of the sale, the chairman now owns 145,939 shares in the company, valued at $8,206,149.97. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.38% of the company’s stock.
Ameren Corporation Company Profile
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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