First Quadrant L P CA lifted its stake in Ameren Corp (NYSE:AEE) by 1,722.7% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 85,540 shares of the utilities provider’s stock after purchasing an additional 80,847 shares during the quarter. First Quadrant L P CA’s holdings in Ameren were worth $6,425,000 as of its most recent SEC filing.
Other institutional investors also recently made changes to their positions in the company. Cornerstone Advisors Inc. raised its position in Ameren by 104.9% during the 1st quarter. Cornerstone Advisors Inc. now owns 373 shares of the utilities provider’s stock worth $27,000 after buying an additional 191 shares during the last quarter. Interactive Financial Advisors purchased a new position in Ameren during the 1st quarter worth approximately $33,000. Cullen Frost Bankers Inc. purchased a new position in Ameren during the 1st quarter worth approximately $34,000. Quadrant Capital Group LLC raised its position in Ameren by 31.6% during the 1st quarter. Quadrant Capital Group LLC now owns 1,344 shares of the utilities provider’s stock worth $94,000 after buying an additional 323 shares during the last quarter. Finally, Farmers National Bank purchased a new position in Ameren during the 1st quarter worth approximately $94,000. 71.58% of the stock is owned by hedge funds and other institutional investors.
AEE has been the subject of a number of recent research reports. Argus raised shares of Ameren from a “hold” rating to a “buy” rating in a research report on Thursday, July 25th. Zacks Investment Research raised shares of Ameren from a “sell” rating to a “hold” rating in a research report on Monday, May 6th. ValuEngine raised shares of Ameren from a “hold” rating to a “buy” rating in a research report on Monday, May 13th. Finally, KeyCorp initiated coverage on shares of Ameren in a research report on Tuesday, June 4th. They set a “sector weight” rating for the company. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $70.40.
In other news, SVP Mary P. Heger sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $76.02, for a total transaction of $228,060.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Shawn E. Schukar sold 1,200 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $75.27, for a total transaction of $90,324.00. The disclosure for this sale can be found here. 0.52% of the stock is owned by company insiders.
AEE traded down $0.90 during trading on Friday, reaching $75.74. 2,160,308 shares of the company’s stock were exchanged, compared to its average volume of 1,010,579. Ameren Corp has a 1 year low of $61.07 and a 1 year high of $77.77. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.59 and a quick ratio of 0.43. The stock has a market capitalization of $18.82 billion, a PE ratio of 22.47, a P/E/G ratio of 3.62 and a beta of 0.24. The stock has a fifty day moving average of $76.29.
Ameren (NYSE:AEE) last issued its quarterly earnings data on Friday, August 2nd. The utilities provider reported $0.72 EPS for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.03). The firm had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.43 billion. Ameren had a return on equity of 11.22% and a net margin of 13.65%. During the same period in the previous year, the business earned $0.97 EPS. As a group, analysts predict that Ameren Corp will post 3.25 earnings per share for the current fiscal year.
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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