Lazard Asset Management LLC increased its stake in Ameren Corp. (NYSE:AEE) by 4.4% during the third quarter, Holdings Channel reports. The institutional investor owned 4,474,034 shares of the company’s stock after buying an additional 189,700 shares during the period. Lazard Asset Management LLC’s holdings in Ameren Corp. were worth $220,032,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Acropolis Investment Management LLC increased its position in Ameren Corp. by 0.5% in the third quarter. Acropolis Investment Management LLC now owns 2,372 shares of the company’s stock valued at $117,000 after buying an additional 11 shares in the last quarter. FTB Advisors Inc. increased its position in Ameren Corp. by 3.7% in the second quarter. FTB Advisors Inc. now owns 2,597 shares of the company’s stock valued at $138,000 after buying an additional 92 shares in the last quarter. Signaturefd LLC increased its position in Ameren Corp. by 84.7% in the second quarter. Signaturefd LLC now owns 2,755 shares of the company’s stock valued at $148,000 after buying an additional 1,263 shares in the last quarter. Mizuho Asset Management Co. Ltd. increased its position 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 valued at $166,000 after buying an additional 1,338 shares in the last quarter. Finally, Cullen Frost Bankers Inc. bought a new position in Ameren Corp. during the second quarter valued at approximately $211,000. Hedge funds and other institutional investors own 66.73% of the company’s stock.
Ameren Corp. (NYSE:AEE) opened at 51.81 on Friday. The stock has a market cap of $12.57 billion, a P/E ratio of 19.38 and a beta of 0.32. The company’s 50-day moving average price is $51.49 and its 200-day moving average price is $50.45. Ameren Corp. has a one year low of $41.76 and a one year high of $54.08.
Ameren Corp. (NYSE:AEE) last released its quarterly earnings data on Friday, November 4th. The company reported $1.52 EPS for the quarter, beating the 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 business earned $1.86 billion during the quarter, compared to the consensus estimate of $1.91 billion. During the same quarter in the prior year, the firm earned $1.41 EPS. The business’s revenue was up 1.4% on a year-over-year basis. Analysts forecast that Ameren Corp. will post $2.69 EPS for the current fiscal year.
AEE has been the topic of several analyst reports. Zacks Investment Research upgraded Ameren Corp. from a “hold” rating to a “buy” rating and set a $55.00 price objective on the stock 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 other Ameren Corp. news, insider Maureen A. Borkowski sold 3,850 shares of the 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 completion of the transaction, the insider now owns 30,972 shares of the company’s stock, valued at approximately $1,613,021.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.38% of the stock is owned by corporate insiders.
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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