SG Americas Securities LLC lowered its position in Ameren Corp (NYSE:AEE) by 65.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,016 shares of the utilities provider’s stock after selling 23,102 shares during the quarter. SG Americas Securities LLC’s holdings in Ameren were worth $845,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also recently added to or reduced their stakes in the company. Hayden Royal LLC boosted its holdings in Ameren by 3.7% in the first quarter. Hayden Royal LLC now owns 3,949 shares of the utilities provider’s stock valued at $288,000 after acquiring an additional 140 shares during the last quarter. TCI Wealth Advisors Inc. boosted its holdings in Ameren by 52.7% in the second quarter. TCI Wealth Advisors Inc. now owns 429 shares of the utilities provider’s stock valued at $30,000 after acquiring an additional 148 shares during the last quarter. Acropolis Investment Management LLC boosted its holdings in Ameren by 2.8% in the second quarter. Acropolis Investment Management LLC now owns 5,895 shares of the utilities provider’s stock valued at $415,000 after acquiring an additional 158 shares during the last quarter. Ameritas Investment Company LLC boosted its holdings in Ameren by 41.5% in the first quarter. Ameritas Investment Company LLC now owns 566 shares of the utilities provider’s stock valued at $41,000 after acquiring an additional 166 shares during the last quarter. Finally, Fifth Third Bancorp boosted its holdings in Ameren by 8.2% in the first quarter. Fifth Third Bancorp now owns 2,284 shares of the utilities provider’s stock valued at $166,000 after acquiring an additional 173 shares during the last quarter. 76.61% of the stock is owned by institutional investors.
Shares of AEE opened at $80.24 on Friday. Ameren Corp has a 12-month low of $58.74 and a 12-month high of $87.65. The business’s fifty day moving average is $74.32 and its 200 day moving average is $76.05. The company has a quick ratio of 0.42, a current ratio of 0.62 and a debt-to-equity ratio of 1.14. The stock has a market cap of $19.81 billion, a P/E ratio of 25.39, a P/E/G ratio of 3.40 and a beta of 0.25.
Ameren (NYSE:AEE) last issued its earnings results on Monday, May 11th. The utilities provider reported $0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.12). Ameren had a return on equity of 9.62% and a net margin of 13.51%. The firm had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.56 billion. During the same quarter in the prior year, the business earned $0.78 earnings per share. Ameren’s revenue for the quarter was down 7.5% on a year-over-year basis. On average, analysts expect that Ameren Corp will post 3.46 EPS for the current year.
Several analysts recently commented on AEE shares. Evercore ISI upgraded Ameren from an “in-line” rating to an “outperform” rating and reduced their target price for the company from $87.00 to $84.00 in a report on Monday, April 20th. Bank of America upped their target price on Ameren from $75.00 to $79.00 and gave the company a “buy” rating in a report on Tuesday, July 7th. TheStreet upgraded Ameren from a “c+” rating to a “b” rating in a report on Wednesday, June 3rd. UBS Group cut their price target on Ameren from $92.00 to $83.00 and set a “buy” rating on the stock in a report on Friday, June 5th. Finally, Morgan Stanley increased their price target on Ameren from $76.00 to $80.00 and gave the stock an “equal weight” rating in a report on Friday, July 17th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Ameren currently has an average rating of “Buy” and an average target price of $83.50.
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.
Further Reading: How does new data get added to a blockchain?
Receive News & Ratings for Ameren Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ameren and related companies with MarketBeat.com's FREE daily email newsletter.