Advisor Partners LLC raised its position in Ameren Corp (NYSE:AEE) by 4.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,573 shares of the utilities provider’s stock after buying an additional 309 shares during the period. Advisor Partners LLC’s holdings in Ameren were worth $514,000 as of its most recent filing with the SEC.
Other large investors have also recently bought and sold shares of the company. Northwest Investment Counselors LLC purchased a new stake in Ameren in the 3rd quarter valued at about $31,000. Gradient Investments LLC increased its stake in Ameren by 521.4% in the 4th quarter. Gradient Investments LLC now owns 522 shares of the utilities provider’s stock valued at $40,000 after buying an additional 438 shares during the last quarter. Resources Management Corp CT ADV purchased a new stake in Ameren in the 3rd quarter valued at about $48,000. Bartlett & Co. LLC increased its stake in Ameren by 94.1% in the 3rd quarter. Bartlett & Co. LLC now owns 1,250 shares of the utilities provider’s stock valued at $100,000 after buying an additional 606 shares during the last quarter. Finally, Cullen Frost Bankers Inc. increased its stake in Ameren by 806.3% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 1,296 shares of the utilities provider’s stock valued at $103,000 after buying an additional 1,153 shares during the last quarter. Hedge funds and other institutional investors own 75.11% of the company’s stock.
Several equities research analysts have recently issued reports on the stock. Evercore ISI assumed coverage on shares of Ameren in a research note on Tuesday, December 31st. They set a “hold” rating and a $77.00 price target for the company. JPMorgan Chase & Co. assumed coverage on shares of Ameren in a research note on Wednesday, December 11th. They set an “overweight” rating and a $82.00 price target for the company. Morgan Stanley decreased their price target on shares of Ameren from $84.00 to $83.00 and set an “equal weight” rating for the company in a research note on Monday, December 16th. Goldman Sachs Group upgraded shares of Ameren from a “neutral” rating to a “buy” rating and set a $86.00 price target for the company in a research note on Wednesday, January 15th. Finally, SunTrust Banks decreased their price target on shares of Ameren from $84.00 to $81.00 and set a “hold” rating for the company in a research note on Wednesday, October 16th. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Ameren presently has a consensus rating of “Buy” and an average target price of $81.56.
Shares of AEE stock opened at $80.11 on Tuesday. The company has a 50 day moving average of $77.06 and a 200-day moving average of $76.65. The company has a quick ratio of 0.44, a current ratio of 0.65 and a debt-to-equity ratio of 1.05. Ameren Corp has a 12-month low of $66.97 and a 12-month high of $80.85. The firm has a market cap of $19.78 billion, a P/E ratio of 24.65, a PEG ratio of 3.75 and a beta of 0.19.
Ameren (NYSE:AEE) last issued its quarterly earnings results on Friday, November 8th. The utilities provider reported $1.47 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.46 by $0.01. Ameren had a net margin of 13.34% and a return on equity of 10.10%. The company had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.79 billion. During the same quarter last year, the business posted $1.50 EPS. Ameren’s quarterly revenue was down 3.8% compared to the same quarter last year. As a group, equities analysts expect that Ameren Corp will post 3.28 EPS for the current year.
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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