Insider Selling: Ameren Corp (NYSE:AEE) SVP Sells 3,000 Shares of Stock
Ameren Corp (NYSE:AEE) SVP Mary P. Heger sold 3,000 shares of the company’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $76.02, for a total transaction of $228,060.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Ameren stock traded up $0.50 during trading hours on Friday, reaching $76.71. The stock had a trading volume of 1,142,182 shares, compared to its average volume of 1,340,957. The company has a market capitalization of $18.72 billion, a PE ratio of 22.76, a P/E/G ratio of 3.73 and a beta of 0.27. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.43 and a current ratio of 0.59. Ameren Corp has a 52 week low of $56.02 and a 52 week high of $77.55.
Ameren (NYSE:AEE) last posted its quarterly earnings data on Thursday, May 9th. The utilities provider reported $0.78 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.08. Ameren had a net margin of 13.65% and a return on equity of 11.22%. The firm had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.62 billion. During the same quarter in the prior year, the company posted $0.62 earnings per share. The company’s revenue for the quarter was down 1.8% compared to the same quarter last year. On average, equities analysts predict that Ameren Corp will post 3.28 earnings per share for the current fiscal year.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Belpointe Asset Management LLC acquired a new position in shares of Ameren during the first quarter valued at about $118,000. Marshall Wace LLP acquired a new position in shares of Ameren during the first quarter valued at about $3,690,000. Clearbridge Investments LLC increased its holdings in shares of Ameren by 0.3% during the first quarter. Clearbridge Investments LLC now owns 752,789 shares of the utilities provider’s stock valued at $55,368,000 after acquiring an additional 1,968 shares in the last quarter. Laurel Wealth Advisors Inc. increased its holdings in shares of Ameren by 12.1% during the first quarter. Laurel Wealth Advisors Inc. now owns 9,529 shares of the utilities provider’s stock valued at $701,000 after acquiring an additional 1,032 shares in the last quarter. Finally, FMR LLC increased its holdings in shares of Ameren by 13.7% during the first quarter. FMR LLC now owns 4,290,891 shares of the utilities provider’s stock valued at $315,597,000 after acquiring an additional 518,279 shares in the last quarter. Hedge funds and other institutional investors own 71.92% of the company’s stock.
A number of analysts recently weighed in on AEE shares. Morgan Stanley set a $73.00 price objective on shares of Ameren and gave the stock a “hold” rating in a research note on Friday, February 22nd. Zacks Investment Research lowered shares of Ameren from a “buy” rating to a “hold” rating in a research note on Wednesday, March 6th. ValuEngine lowered shares of Ameren from a “buy” rating to a “hold” rating in a research note on Thursday, April 4th. Finally, KeyCorp assumed coverage on shares of Ameren in a research note on Tuesday, June 4th. They issued a “sector weight” rating for the company. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $70.40.
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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.
Further Reading: Return On Assets
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