Ameren (AEE) Reaches New 12-Month High at $75.48

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Ameren Corp (NYSE:AEE) shares reached a new 52-week high on Thursday . The stock traded as high as $75.48 and last traded at $75.40, with a volume of 14710 shares trading hands. The stock had previously closed at $74.87.

A number of brokerages have commented on AEE. Zacks Investment Research downgraded Ameren from a “hold” rating to a “sell” rating in a research note on Wednesday, April 24th. ValuEngine upgraded Ameren from a “hold” rating to a “buy” rating in a research note on Monday, May 13th. Morgan Stanley boosted their target price on Ameren from $66.00 to $69.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 12th. Finally, Wells Fargo & Co boosted their target price on Ameren from $73.00 to $77.00 and gave the company an “outperform” rating in a research note on Monday, February 11th. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $69.67.

The company has a market capitalization of $18.25 billion, a PE ratio of 22.42, a PEG ratio of 3.64 and a beta of 0.27. The company has a quick ratio of 0.43, a current ratio of 0.59 and a debt-to-equity ratio of 1.05.

Ameren (NYSE:AEE) last released its quarterly earnings results on Thursday, May 9th. The utilities provider reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.08. The company had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.62 billion. Ameren had a return on equity of 11.22% and a net margin of 13.65%. The firm’s revenue was down 1.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.62 EPS. On average, equities analysts expect that Ameren Corp will post 3.27 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Wednesday, June 12th will be paid a dividend of $0.475 per share. The ex-dividend date is Tuesday, June 11th. This represents a $1.90 annualized dividend and a dividend yield of 2.51%. Ameren’s dividend payout ratio (DPR) is presently 56.38%.

In related news, CAO Bruce A. Steinke sold 6,441 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $70.84, for a total transaction of $456,280.44. Following the completion of the transaction, the chief accounting officer now owns 48,883 shares of the company’s stock, valued at approximately $3,462,871.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Warner L. Baxter sold 41,090 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $70.77, for a total value of $2,907,939.30. Following the transaction, the chief executive officer now directly owns 364,913 shares of the company’s stock, valued at approximately $25,824,893.01. The disclosure for this sale can be found here. In the last quarter, insiders have sold 121,873 shares of company stock valued at $8,639,431. 0.52% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of AEE. Chartwell Investment Partners LLC raised its holdings in Ameren by 327.0% in the 1st quarter. Chartwell Investment Partners LLC now owns 223,786 shares of the utilities provider’s stock valued at $16,459,000 after acquiring an additional 171,371 shares in the last quarter. MML Investors Services LLC raised its holdings in shares of Ameren by 129.0% in the 4th quarter. MML Investors Services LLC now owns 7,889 shares of the utilities provider’s stock worth $515,000 after buying an additional 4,444 shares in the last quarter. Mondrian Investment Partners LTD acquired a new position in shares of Ameren in the 4th quarter worth approximately $40,000. Quantamental Technologies LLC acquired a new position in shares of Ameren in the 4th quarter worth approximately $333,000. Finally, Nuveen Asset Management LLC raised its holdings in shares of Ameren by 188.5% in the 4th quarter. Nuveen Asset Management LLC now owns 582,164 shares of the utilities provider’s stock worth $37,975,000 after buying an additional 380,366 shares in the last quarter. 71.47% of the stock is owned by institutional investors and hedge funds.

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About Ameren (NYSE:AEE)

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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