Strs Ohio Acquires 7,643 Shares of Ameren Corporation (NYSE:AEE)
Strs Ohio raised its position in Ameren Corporation (NYSE:AEE) by 23.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,019 shares of the utilities provider’s stock after buying an additional 7,643 shares during the period. Strs Ohio’s holdings in Ameren Corporation were worth $2,187,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of the company. First Manhattan Co. raised its stake in shares of Ameren Corporation by 3.0% in the first quarter. First Manhattan Co. now owns 1,022,853 shares of the utilities provider’s stock worth $50,303,000 after buying an additional 30,255 shares during the period. Mn Services Vermogensbeheer B.V. raised its stake in shares of Ameren Corporation by 5.6% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 6,471 shares of the utilities provider’s stock worth $330,000 after buying an additional 341 shares during the period. Candriam Luxembourg S.C.A. raised its stake in shares of Ameren Corporation by 5.8% in the first quarter. Candriam Luxembourg S.C.A. now owns 77,871 shares of the utilities provider’s stock worth $4,251,000 after buying an additional 4,291 shares during the period. Hexavest Inc. raised its stake in shares of Ameren Corporation by 3.1% in the first quarter. Hexavest Inc. now owns 729,907 shares of the utilities provider’s stock worth $39,846,000 after buying an additional 21,794 shares during the period. Finally, State of Alaska Department of Revenue acquired a new stake in shares of Ameren Corporation during the first quarter worth about $713,000. Institutional investors own 71.82% of the company’s stock.
Shares of Ameren Corporation (NYSE:AEE) opened at 58.54 on Friday. Ameren Corporation has a 1-year low of $46.84 and a 1-year high of $58.75. The company’s 50 day moving average is $55.76 and its 200-day moving average is $54.99. The stock 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 released its quarterly earnings data on Friday, August 4th. The utilities provider reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.10. The business had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.42 billion. Ameren Corporation had a return on equity of 9.57% and a net margin of 11.11%. The company’s revenue was up 7.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.61 EPS. Equities analysts anticipate that Ameren Corporation will post $2.79 earnings per share for the current fiscal year.
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A number of analysts have issued reports on the stock. Morgan Stanley boosted their price target on shares of Ameren Corporation from $56.00 to $57.00 and gave the stock an “overweight” rating in a research note on Thursday. Barclays PLC lowered shares of Ameren Corporation from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $60.00 to $58.00 in a research note on Thursday, May 25th. 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. BidaskClub upgraded shares of Ameren Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. Finally, Zacks Investment Research lowered shares of Ameren Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, April 18th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $55.20.
In related news, Chairman Warner L. Baxter sold 13,310 shares of the firm’s stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $56.23, for a total transaction of $748,421.30. Following the sale, 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 is accessible through this link. Company 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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