Free Trial

Maple Brown Abbott Ltd Buys 93,530 Shares of Ameren Corporation (NYSE:AEE)

Ameren logo with Utilities background

Key Points

  • Maple Brown Abbott Ltd increased its stake in Ameren Corporation by 7.4% during Q1, acquiring an additional 93,530 shares, bringing its total holdings to approximately $136.93 million.
  • Ameren's stock has been rated with a consensus of "Moderate Buy", with a current average price target of $101.36 following various recent analyst upgrades and downgrades.
  • Ameren reported a 31.2% year-over-year revenue increase for the last quarter, achieving $2.22 billion in revenue and an EPS of $1.01, surpassing expectations by 1 cent.
  • Need better tools to track Ameren? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

Maple Brown Abbott Ltd boosted its position in shares of Ameren Corporation (NYSE:AEE - Free Report) by 7.4% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,363,770 shares of the utilities provider's stock after buying an additional 93,530 shares during the quarter. Ameren accounts for approximately 9.3% of Maple Brown Abbott Ltd's investment portfolio, making the stock its 3rd largest position. Maple Brown Abbott Ltd owned approximately 0.50% of Ameren worth $136,933,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Dagco Inc. acquired a new position in shares of Ameren in the 1st quarter valued at $80,000. Russell Investments Group Ltd. boosted its position in shares of Ameren by 4.7% in the 1st quarter. Russell Investments Group Ltd. now owns 217,158 shares of the utilities provider's stock valued at $21,802,000 after purchasing an additional 9,746 shares during the period. Resona Asset Management Co. Ltd. lifted its stake in Ameren by 5.8% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 86,828 shares of the utilities provider's stock worth $8,709,000 after acquiring an additional 4,792 shares in the last quarter. Rathbones Group PLC purchased a new stake in Ameren in the 1st quarter worth about $201,000. Finally, HighTower Advisors LLC lifted its stake in Ameren by 11.6% in the 1st quarter. HighTower Advisors LLC now owns 36,460 shares of the utilities provider's stock worth $3,661,000 after acquiring an additional 3,778 shares in the last quarter. Institutional investors own 79.09% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Morgan Stanley cut their price target on Ameren from $102.00 to $100.00 and set an "equal weight" rating for the company in a research note on Wednesday, June 18th. UBS Group raised their price objective on Ameren from $111.00 to $114.00 and gave the company a "buy" rating in a research note on Friday, July 11th. Guggenheim reissued a "neutral" rating on shares of Ameren in a research note on Tuesday, April 22nd. KeyCorp set a $104.00 price objective on Ameren and gave the company an "overweight" rating in a research note on Wednesday, July 16th. Finally, BMO Capital Markets raised their price objective on Ameren from $106.00 to $108.00 and gave the company an "outperform" rating in a research note on Monday, May 5th. Five equities research 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 MarketBeat, Ameren presently has an average rating of "Moderate Buy" and a consensus target price of $101.36.

Get Our Latest Stock Report on Ameren

Ameren Stock Performance

NYSE AEE traded down $0.83 during trading on Friday, hitting $100.60. The company's stock had a trading volume of 1,905,603 shares, compared to its average volume of 1,728,170. Ameren Corporation has a 52 week low of $81.31 and a 52 week high of $104.10. The firm has a market cap of $27.20 billion, a P/E ratio of 22.11, a price-to-earnings-growth ratio of 2.63 and a beta of 0.45. The firm has a 50 day moving average price of $97.81 and a 200 day moving average price of $97.83. The company has a quick ratio of 0.56, a current ratio of 0.80 and a debt-to-equity ratio of 1.51.

Ameren (NYSE:AEE - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The utilities provider reported $1.01 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.01. Ameren had a return on equity of 10.38% and a net margin of 14.55%. The company had revenue of $2.22 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same quarter last year, the firm earned $0.97 EPS. Ameren's revenue for the quarter was up 31.2% compared to the same quarter last year. Equities research analysts forecast that Ameren Corporation will post 4.93 earnings per share for the current fiscal year.

About Ameren

(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.

Recommended Stories

Institutional Ownership by Quarter for Ameren (NYSE:AEE)

Should You Invest $1,000 in Ameren Right Now?

Before you consider Ameren, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ameren wasn't on the list.

While Ameren currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

7 Stocks to Buy And Hold Forever Cover

Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

3 Stocks With Explosive Upside
September Slowdown: 3 Stocks to Buy When the Pullback Comes
3 Overlooked Stocks Riding the AI Data Center Boom

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines