Barclays PLC Reiterates Overweight Rating for Ameren Corp (AEE)

Barclays PLC reissued their overweight rating on shares of Ameren Corp (NYSE:AEE) in a research report report published on Sunday, April 23rd. The firm currently has a $60.00 price objective on the utilities provider’s stock, up from their prior price objective of $56.00.

Separately, Zacks Investment Research downgraded Ameren Corp from a hold rating to a sell rating in a report on Tuesday, April 18th.

Shares of Ameren Corp (NYSE:AEE) opened at 56.42 on Friday. The stock has a 50 day moving average of $54.88 and a 200-day moving average of $52.95. The firm has a market capitalization of $13.69 billion, a PE ratio of 21.15 and a beta of 0.36. Ameren Corp has a 12 month low of $46.72 and a 12 month high of $56.57.

Ameren Corp (NYSE:AEE) last announced its earnings results on Thursday, May 4th. The utilities provider reported $0.42 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.42. Ameren Corp had a return on equity of 9.14% and a net margin of 10.78%. The business had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.46 billion. During the same quarter last year, the business posted $0.43 earnings per share. The company’s quarterly revenue was up 5.6% on a year-over-year basis. On average, equities research analysts anticipate that Ameren Corp will post $2.78 EPS for the current fiscal year.

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The business also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Wednesday, June 14th will be issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 3.12%. The ex-dividend date of this dividend is Monday, June 12th. Ameren Corp’s dividend payout ratio is 65.67%.

In other news, VP Martin J. Lyons sold 1,320 shares of the company’s stock in a transaction on Wednesday, March 1st. The stock was sold at an average price of $54.32, for a total transaction of $71,702.40. Following the completion of the sale, the vice president now directly owns 103,303 shares of the company’s stock, valued at $5,611,418.96. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Mark C. Lindgren sold 1,024 shares of the stock in a transaction dated Wednesday, March 1st. The stock was sold at an average price of $54.24, for a total value of $55,541.76. Following the completion of the sale, the senior vice president now directly owns 21,748 shares of the company’s stock, valued at $1,179,611.52. The disclosure for this sale can be found here. Corporate insiders own 0.38% of the company’s stock.

Large investors have recently made changes to their positions in the company. Huntington National Bank increased its stake in shares of Ameren Corp by 634.8% in the third quarter. Huntington National Bank now owns 13,446 shares of the utilities provider’s stock valued at $661,000 after buying an additional 11,616 shares in the last quarter. Cornerstone Wealth Management LLC acquired a new stake in shares of Ameren Corp during the third quarter valued at about $1,141,000. Wells Fargo & Company MN increased its stake in shares of Ameren Corp by 19.2% in the third quarter. Wells Fargo & Company MN now owns 2,640,982 shares of the utilities provider’s stock valued at $129,884,000 after buying an additional 424,742 shares in the last quarter. Capital Fund Management S.A. acquired a new stake in shares of Ameren Corp during the third quarter valued at about $2,530,000. Finally, World Asset Management Inc increased its stake in shares of Ameren Corp by 2.0% in the third quarter. World Asset Management Inc now owns 25,499 shares of the utilities provider’s stock valued at $1,254,000 after buying an additional 508 shares in the last quarter. 69.75% of the stock is owned by hedge funds and other institutional investors.

Ameren Corp Company Profile

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.

12 Month Chart for NYSE:AEE

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