Charles Schwab Investment Management Inc. grew its position in Ameren Corporation (NYSE:AEE - Free Report) by 1.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,726,936 shares of the utilities provider's stock after acquiring an additional 30,105 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.64% of Ameren worth $173,384,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in AEE. Vanguard Group Inc. grew its holdings in shares of Ameren by 2.9% in the first quarter. Vanguard Group Inc. now owns 34,314,121 shares of the utilities provider's stock worth $3,445,138,000 after purchasing an additional 979,928 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Ameren by 1.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 27,048,729 shares of the utilities provider's stock worth $2,411,125,000 after purchasing an additional 392,170 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its holdings in shares of Ameren by 16.7% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 17,038,754 shares of the utilities provider's stock worth $1,518,835,000 after purchasing an additional 2,439,811 shares during the last quarter. Janus Henderson Group PLC grew its holdings in shares of Ameren by 0.9% in the fourth quarter. Janus Henderson Group PLC now owns 4,601,449 shares of the utilities provider's stock worth $410,174,000 after purchasing an additional 39,455 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in shares of Ameren by 6.7% in the fourth quarter. Northern Trust Corp now owns 2,422,045 shares of the utilities provider's stock worth $215,901,000 after purchasing an additional 153,031 shares during the last quarter. Hedge funds and other institutional investors own 79.09% of the company's stock.
Ameren Stock Performance
Shares of Ameren stock traded down $0.97 during midday trading on Friday, hitting $100.47. The company had a trading volume of 427,205 shares, compared to its average volume of 1,718,472. The stock has a market cap of $27.17 billion, a price-to-earnings ratio of 22.08, a PEG ratio of 2.63 and a beta of 0.45. The company has a quick ratio of 0.56, a current ratio of 0.80 and a debt-to-equity ratio of 1.51. The company has a fifty day simple moving average of $97.72 and a 200 day simple moving average of $97.78. Ameren Corporation has a 12-month low of $81.31 and a 12-month high of $104.10.
Ameren (NYSE:AEE - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The utilities provider reported $1.01 EPS for the quarter, beating the consensus estimate of $1.00 by $0.01. Ameren had a net margin of 14.55% and a return on equity of 10.38%. The firm had revenue of $2.22 billion during the quarter, compared to analyst estimates of $1.82 billion. During the same period last year, the firm posted $0.97 EPS. Ameren's revenue was up 31.2% on a year-over-year basis. As a group, analysts predict that Ameren Corporation will post 4.93 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of research analysts have recently commented on AEE shares. Wells Fargo & Company upped their price target on shares of Ameren from $108.00 to $112.00 and gave the stock an "overweight" rating in a report on Wednesday, May 14th. The Goldman Sachs Group upgraded shares of Ameren from a "sell" rating to a "neutral" rating and increased their target price for the stock from $91.00 to $100.00 in a report on Wednesday, June 25th. UBS Group increased their target price on shares of Ameren from $111.00 to $114.00 and gave the stock a "buy" rating in a report on Friday, July 11th. Morgan Stanley dropped their target price on shares of Ameren from $102.00 to $100.00 and set an "equal weight" rating on the stock in a report on Wednesday, June 18th. Finally, KeyCorp set a $104.00 target price on shares of Ameren and gave the stock an "overweight" rating in a report on Wednesday, July 16th. Five analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Ameren presently has an average rating of "Moderate Buy" and an average target price of $101.36.
Check Out Our Latest Research Report on AEE
Ameren Company Profile
(
Free Report)
Ameren Corporation, together with its subsidiaries, operates as a public utility holding company in the United States. The company operates through four segments: Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, and Ameren Transmission. It engages in the rate-regulated electric generation, transmission, and distribution activities; and rate-regulated natural gas distribution business.
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