Sound Income Strategies LLC Purchases Shares of 600 Ameren Corp (AEE)

Sound Income Strategies LLC purchased a new stake in Ameren Corp (NYSE:AEE) in the 4th quarter, HoldingsChannel reports. The fund purchased 600 shares of the utilities provider’s stock, valued at approximately $39,000.

Other hedge funds have also added to or reduced their stakes in the company. Bank of America Corp DE raised its position in Ameren by 66.0% in the 2nd quarter. Bank of America Corp DE now owns 1,092,823 shares of the utilities provider’s stock valued at $66,498,000 after purchasing an additional 434,564 shares during the last quarter. Cubist Systematic Strategies LLC raised its position in Ameren by 284.4% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 21,071 shares of the utilities provider’s stock valued at $1,282,000 after purchasing an additional 15,589 shares during the last quarter. James Investment Research Inc. raised its position in Ameren by 871.1% in the 3rd quarter. James Investment Research Inc. now owns 65,551 shares of the utilities provider’s stock valued at $4,144,000 after purchasing an additional 58,801 shares during the last quarter. Achmea Investment Management B.V. raised its position in Ameren by 21.0% in the 3rd quarter. Achmea Investment Management B.V. now owns 21,959 shares of the utilities provider’s stock valued at $1,387,000 after purchasing an additional 3,808 shares during the last quarter. Finally, Prudential Financial Inc. increased its stake in Ameren by 13.8% in the 3rd quarter. Prudential Financial Inc. now owns 319,764 shares of the utilities provider’s stock valued at $20,215,000 after buying an additional 38,850 shares during the period. Hedge funds and other institutional investors own 72.40% of the company’s stock.

Shares of AEE opened at $65.55 on Friday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.43 and a current ratio of 0.64. The firm has a market capitalization of $15.73 billion, a price-to-earnings ratio of 23.16, a PEG ratio of 2.89 and a beta of 0.24. Ameren Corp has a 1 year low of $51.89 and a 1 year high of $70.95.

Ameren (NYSE:AEE) last announced its quarterly earnings data on Wednesday, October 31st. The utilities provider reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.19. Ameren had a net margin of 10.95% and a return on equity of 11.38%. The company had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.82 billion. During the same period in the previous year, the company posted $1.24 EPS. Ameren’s revenue was up .1% compared to the same quarter last year. As a group, equities research analysts expect that Ameren Corp will post 3.4 EPS for the current year.

In other news, insider Michael L. Moehn sold 8,000 shares of the company’s stock in a transaction on Thursday, November 15th. The shares were sold at an average price of $69.00, for a total transaction of $552,000.00. Following the transaction, the insider now directly owns 80,567 shares of the company’s stock, valued at approximately $5,559,123. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Gregory L. Nelson sold 10,000 shares of the company’s stock in a transaction on Thursday, November 15th. The stock was sold at an average price of $69.00, for a total transaction of $690,000.00. Following the transaction, the senior vice president now directly owns 46,095 shares in the company, valued at $3,180,555. The disclosure for this sale can be found here. Corporate insiders own 0.44% of the company’s stock.

Several equities analysts have issued reports on AEE shares. Wells Fargo & Co boosted their price objective on shares of Ameren from $67.00 to $71.00 and gave the company an “outperform” rating in a research note on Monday, September 17th. Barclays set a $67.00 price objective on shares of Ameren and gave the company a “hold” rating in a research note on Saturday, November 17th. SunTrust Banks started coverage on shares of Ameren in a research note on Wednesday, September 26th. They issued a “hold” rating and a $64.00 price objective on the stock. UBS Group cut shares of Ameren from a “buy” rating to a “neutral” rating and set a $71.00 price objective on the stock. in a research note on Thursday, November 29th. Finally, Morgan Stanley dropped their price objective on shares of Ameren from $67.00 to $65.00 and set an “equal weight” rating on the stock in a research note on Friday, September 21st. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $66.38.

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Ameren Company Profile

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.

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Institutional Ownership by Quarter for Ameren (NYSE:AEE)

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