Rothschild Asset Management Inc. Has $597,000 Position in Ameren Corporation (AEE)
Rothschild Asset Management Inc. boosted its position in shares of Ameren Corporation (NYSE:AEE) by 1.9% during the second quarter, Holdings Channel reports. The institutional investor owned 10,917 shares of the utilities provider’s stock after buying an additional 207 shares during the period. Rothschild Asset Management Inc.’s holdings in Ameren Corporation were worth $597,000 as of its most recent filing with the SEC.
Several other large investors have also recently bought and sold shares of AEE. First Financial Corp IN raised its stake in Ameren Corporation by 10.6% in the first quarter. First Financial Corp IN now owns 2,138 shares of the utilities provider’s stock worth $117,000 after buying an additional 205 shares in the last quarter. Acropolis Investment Management LLC raised its stake in Ameren Corporation by 0.5% in the second quarter. Acropolis Investment Management LLC now owns 2,406 shares of the utilities provider’s stock worth $132,000 after buying an additional 11 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its stake in Ameren Corporation by 2.4% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,408 shares of the utilities provider’s stock worth $132,000 after buying an additional 56 shares in the last quarter. Parkside Financial Bank & Trust raised its stake in Ameren Corporation by 6.8% in the first quarter. Parkside Financial Bank & Trust now owns 2,486 shares of the utilities provider’s stock worth $136,000 after buying an additional 159 shares in the last quarter. Finally, V Wealth Management LLC purchased a new stake in Ameren Corporation during the second quarter worth approximately $138,000. 71.82% of the stock is currently owned by institutional investors.
Ameren Corporation (NYSE AEE) opened at 58.54 on Friday. Ameren Corporation has a 52 week low of $46.84 and a 52 week high of $58.75. The company’s 50-day moving average is $55.76 and its 200 day moving average is $54.99. The company has a market capitalization of $14.20 billion, a price-to-earnings ratio of 20.49 and a beta of 0.36.
Ameren Corporation (NYSE:AEE) last issued its quarterly earnings data on Friday, August 4th. The utilities provider reported $0.79 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.10. The business had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.42 billion. Ameren Corporation had a net margin of 11.11% and a return on equity of 9.57%. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.61 EPS. On average, analysts forecast that Ameren Corporation will post $2.79 EPS for the current fiscal year.
Several research analysts recently issued reports on AEE shares. BidaskClub lowered shares of Ameren Corporation from a “hold” rating to a “sell” rating in a research note on Saturday, July 1st. Zacks Investment Research lowered 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 set a $60.00 target price (up from $56.00) on shares of Ameren Corporation in a research note on Sunday, April 23rd. Morgan Stanley increased their target price on shares of Ameren Corporation from $56.00 to $57.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, Goldman Sachs Group, Inc. (The) lowered shares of Ameren Corporation from a “neutral” rating to a “sell” rating and set a $51.00 target price on the stock. in a research note on Monday, June 26th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. Ameren Corporation has a consensus rating of “Hold” and a consensus price target of $55.20.
In other Ameren Corporation news, Chairman Warner L. Baxter sold 13,310 shares of the business’s stock in a transaction on 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 of the company’s stock, valued at approximately $8,206,149.97. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.38% of the stock is currently owned by 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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