Wells Fargo & Company MN boosted its stake in Ameren Corp. (NYSE:AEE) by 19.2% during the third quarter, Holdings Channel reports. The firm owned 2,640,982 shares of the company’s stock after buying an additional 424,742 shares during the period. Wells Fargo & Company MN’s holdings in Ameren Corp. were worth $129,884,000 as of its most recent filing with the SEC.
Other large investors have also recently bought and sold shares of the company. Acropolis Investment Management LLC boosted 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 during the last quarter. FTB Advisors Inc. boosted 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 during the last quarter. Signaturefd LLC boosted 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 during the last quarter. Mizuho Asset Management Co. Ltd. boosted 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 during the last quarter. Finally, Cullen Frost Bankers Inc. bought a new stake in Ameren Corp. during the second quarter worth approximately $211,000. Institutional investors own 66.73% of the company’s stock.
Ameren Corp. (NYSE:AEE) opened at 52.36 on Thursday. Ameren Corp. has a 1-year low of $41.76 and a 1-year high of $54.08. The firm has a 50 day moving average of $51.46 and a 200-day moving average of $50.43. The company has a market capitalization of $12.70 billion, a price-to-earnings ratio of 19.58 and a beta of 0.32.
Ameren Corp. (NYSE:AEE) last posted its quarterly earnings results on Friday, November 4th. The company reported $1.52 EPS for the quarter, beating the Zacks’ consensus estimate of $1.38 by $0.14. Ameren Corp. had a net margin of 10.78% and a return on equity of 9.14%. The company earned $1.86 billion during the quarter, compared to analyst estimates of $1.91 billion. During the same period in the prior year, the business posted $1.41 EPS. The firm’s revenue was up 1.4% compared to the same quarter last year. On average, equities research analysts anticipate that Ameren Corp. will post $2.69 earnings per share for the current fiscal year.
A number of research firms have commented on AEE. Zacks Investment Research upgraded shares of Ameren Corp. from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a report on Wednesday, December 14th. 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 on Tuesday, January 17th. The shares were sold at an average price of $52.08, for a total transaction of $200,508.00. Following the completion of the sale, the insider now directly owns 30,972 shares in the company, valued at approximately $1,613,021.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.38% of the company’s stock.
Ameren Corp. Company Profile
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.
Want to see what other hedge funds are holding AEE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ameren Corp. (NYSE:AEE).