KCG Holdings Inc. decreased its stake in shares of Ameren Corp. (NYSE:AEE) by 51.9% during the third quarter, Holdings Channel reports. The fund owned 31,066 shares of the company’s stock after selling 33,466 shares during the period. KCG Holdings Inc.’s holdings in Ameren Corp. were worth $1,528,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. Acropolis Investment Management LLC raised its stake in Ameren Corp. by 0.5% in the third quarter. Acropolis Investment Management LLC now owns 2,372 shares of the company’s stock worth $117,000 after buying an additional 11 shares in the last quarter. FTB Advisors Inc. raised its stake in Ameren Corp. by 3.7% in the second quarter. FTB Advisors Inc. now owns 2,597 shares of the company’s stock worth $138,000 after buying an additional 92 shares in the last quarter. Signaturefd LLC raised its stake in Ameren Corp. by 84.7% in the second quarter. Signaturefd LLC now owns 2,755 shares of the company’s stock worth $148,000 after buying an additional 1,263 shares in the last quarter. Mizuho Asset Management Co. Ltd. raised its stake in Ameren Corp. by 75.9% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 3,100 shares of the company’s stock worth $166,000 after buying an additional 1,338 shares in the last quarter. Finally, Cullen Frost Bankers Inc. purchased a new stake in Ameren Corp. during the second quarter worth $211,000. Institutional investors and hedge funds own 66.73% of the company’s stock.
Shares of Ameren Corp. (NYSE:AEE) traded down 1.05% during mid-day trading on Thursday, reaching $51.81. 915,695 shares of the company’s stock traded hands. The firm has a market capitalization of $12.57 billion, a price-to-earnings ratio of 19.38 and a beta of 0.32. The stock has a 50-day moving average price of $51.49 and a 200 day moving average price of $50.45. Ameren Corp. has a 12-month low of $41.76 and a 12-month high of $54.08.
Ameren Corp. (NYSE:AEE) last posted its earnings results on Friday, November 4th. The company reported $1.52 earnings per share for the quarter, topping analysts’ consensus estimates of $1.38 by $0.14. Ameren Corp. had a net margin of 10.78% and a return on equity of 9.14%. The firm had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.91 billion. During the same period in the previous year, the firm posted $1.41 EPS. The business’s quarterly revenue was up 1.4% on a year-over-year basis. Analysts anticipate that Ameren Corp. will post $2.69 EPS for the current fiscal year.
A number of analysts have recently weighed in on AEE shares. Zacks Investment Research upgraded shares of Ameren Corp. from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a report on Thursday, October 20th. Argus restated a “hold” rating on shares of Ameren Corp. in a report on Tuesday, October 18th.
In related news, insider Maureen A. Borkowski sold 3,850 shares of the company’s stock in a transaction dated Tuesday, January 17th. The shares were sold at an average price of $52.08, for a total transaction of $200,508.00. Following the transaction, the insider now directly owns 30,972 shares in the company, valued at approximately $1,613,021.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.38% of the company’s stock.
About Ameren Corp.
Ameren Corporation (Ameren) is a public utility holding company. Ameren’s primary assets are its equity interests in its subsidiaries, including Union Electric Company (doing business as Ameren Missouri) and Ameren Illinois Company (Ameren Illinois). Ameren operates through two segments: Ameren Missouri and Ameren Illinois.
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