Ameren Corporation (NYSE:AEE) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $61.07 and last traded at $61.04, with a volume of 600,911 shares changing hands. The stock had previously closed at $60.95.
A number of equities research analysts have recently issued reports on AEE shares. Morgan Stanley restated an “overweight” rating on shares of Ameren Corporation in a research note on Monday, July 10th. 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. Zacks Investment Research lowered shares of Ameren Corporation from a “buy” rating to a “hold” rating in a research note on Monday, September 11th. Finally, KeyCorp restated a “hold” rating on shares of Ameren Corporation in a research note on Friday. Two research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $54.50.
The stock’s 50 day moving average price is $59.46 and its 200 day moving average price is $56.97. The company has a market cap of $14.94 billion, a price-to-earnings ratio of 22.97 and a beta of 0.36.
Ameren Corporation (NYSE:AEE) last posted its quarterly earnings results on Friday, August 4th. The utilities provider reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.10. The company had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.42 billion. Ameren Corporation had a net margin of 11.11% and a return on equity of 9.57%. The business’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period last year, the business posted $0.61 EPS. Equities research analysts forecast that Ameren Corporation will post $2.80 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Wednesday, December 13th will be given a $0.4575 dividend. This represents a $1.83 annualized dividend and a yield of 2.97%. This is a positive change from Ameren Corporation’s previous quarterly dividend of $0.44. The ex-dividend date is Tuesday, December 12th. Ameren Corporation’s dividend payout ratio (DPR) is currently 61.54%.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its position in Ameren Corporation by 1.0% in the 2nd quarter. Vanguard Group Inc. now owns 25,785,464 shares of the utilities provider’s stock worth $1,409,691,000 after purchasing an additional 248,010 shares during the last quarter. BlackRock Inc. boosted its position in shares of Ameren Corporation by 2.2% during the 2nd quarter. BlackRock Inc. now owns 16,134,996 shares of the utilities provider’s stock valued at $882,101,000 after acquiring an additional 344,141 shares in the last quarter. Epoch Investment Partners Inc. boosted its position in shares of Ameren Corporation by 1.3% during the 2nd quarter. Epoch Investment Partners Inc. now owns 5,209,589 shares of the utilities provider’s stock valued at $284,808,000 after acquiring an additional 67,494 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of Ameren Corporation by 13.9% during the 2nd quarter. Wells Fargo & Company MN now owns 3,966,914 shares of the utilities provider’s stock valued at $216,871,000 after acquiring an additional 483,928 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its position in shares of Ameren Corporation by 24.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,972,940 shares of the utilities provider’s stock valued at $162,535,000 after acquiring an additional 590,243 shares in the last quarter. Institutional investors own 69.78% of the company’s stock.
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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