Traders Buy Large Volume of Ameren Call Options (NYSE:AEE)

Ameren Co. (NYSE:AEEGet Free Report) was the recipient of some unusual options trading activity on Wednesday. Stock traders purchased 2,984 call options on the company. This represents an increase of 2,268% compared to the average daily volume of 126 call options.

Insider Activity at Ameren

In other Ameren news, Director Rafael Flores sold 1,500 shares of Ameren stock in a transaction on Friday, June 7th. The shares were sold at an average price of $71.29, for a total value of $106,935.00. Following the transaction, the director now owns 13,768 shares in the company, valued at approximately $981,520.72. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, Director Rafael Flores sold 1,500 shares of Ameren stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $71.29, for a total value of $106,935.00. Following the transaction, the director now directly owns 13,768 shares of the company’s stock, valued at approximately $981,520.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Mark C. Lindgren sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $75.53, for a total transaction of $302,120.00. Following the sale, the executive vice president now owns 43,935 shares of the company’s stock, valued at $3,318,410.55. The disclosure for this sale can be found here. 0.42% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Farmers & Merchants Investments Inc. raised its holdings in shares of Ameren by 117.6% during the first quarter. Farmers & Merchants Investments Inc. now owns 370 shares of the utilities provider’s stock valued at $27,000 after buying an additional 200 shares during the last quarter. YHB Investment Advisors Inc. bought a new stake in Ameren during the 1st quarter valued at $30,000. Pathway Financial Advisers LLC acquired a new position in Ameren during the 1st quarter worth $31,000. EntryPoint Capital LLC boosted its position in Ameren by 108.1% during the 1st quarter. EntryPoint Capital LLC now owns 435 shares of the utilities provider’s stock worth $32,000 after acquiring an additional 226 shares during the period. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Ameren by 227.3% in the first quarter. EverSource Wealth Advisors LLC now owns 455 shares of the utilities provider’s stock worth $34,000 after purchasing an additional 316 shares in the last quarter. 79.09% of the stock is owned by institutional investors and hedge funds.

Ameren Stock Performance

Shares of AEE opened at $70.00 on Friday. The stock has a market capitalization of $18.67 billion, a PE ratio of 16.09, a price-to-earnings-growth ratio of 2.45 and a beta of 0.45. The business’s fifty day moving average price is $73.09 and its 200 day moving average price is $72.63. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.59 and a quick ratio of 0.40. Ameren has a 12-month low of $67.03 and a 12-month high of $88.72.

Ameren (NYSE:AEEGet Free Report) last issued its earnings results on Thursday, May 9th. The utilities provider reported $0.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.08). The business had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $2.19 billion. Ameren had a return on equity of 10.20% and a net margin of 15.84%. The business’s revenue was down 11.9% on a year-over-year basis. During the same period in the prior year, the business earned $1.00 EPS. Equities research analysts forecast that Ameren will post 4.58 EPS for the current year.

Ameren Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Wednesday, June 12th will be issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 3.83%. The ex-dividend date of this dividend is Wednesday, June 12th. Ameren’s dividend payout ratio (DPR) is 61.61%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Bank of America upped their target price on Ameren from $77.00 to $78.00 and gave the stock a “neutral” rating in a research report on Thursday, April 11th. StockNews.com raised shares of Ameren from a “sell” rating to a “hold” rating in a report on Wednesday, May 8th. Morgan Stanley boosted their price objective on shares of Ameren from $69.00 to $76.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 28th. The Goldman Sachs Group started coverage on Ameren in a research note on Wednesday, April 10th. They set a “sell” rating and a $73.00 target price for the company. Finally, Barclays upgraded Ameren from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $73.00 to $77.00 in a report on Thursday, May 30th. One analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $79.70.

Check Out Our Latest Analysis on Ameren

About Ameren

(Get Free Report)

Ameren Corporation, together with its subsidiaries, operates as a public utility holding company in the United States. The company operates through four segments: Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, and Ameren Transmission. It engages in the rate-regulated electric generation, transmission, and distribution activities; and rate-regulated natural gas distribution business.

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