Ameren (NYSE:AEE) SVP Mark C. Lindgren sold 5,500 shares of the stock in a transaction on Thursday, May 24th. The stock was sold at an average price of $58.68, for a total value of $322,740.00. Following the completion of the transaction, the senior vice president now directly owns 24,275 shares in the company, valued at $1,424,457. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
Ameren traded up $0.09, hitting $58.87, during mid-day trading on Friday, MarketBeat reports. The company had a trading volume of 1,308,296 shares, compared to its average volume of 1,669,596. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.47 and a quick ratio of 0.33. Ameren has a 1 year low of $51.89 and a 1 year high of $64.89. The firm has a market capitalization of $14.11 billion, a PE ratio of 20.80, a price-to-earnings-growth ratio of 2.91 and a beta of 0.26.
Ameren (NYSE:AEE) last released its quarterly earnings data on Wednesday, May 9th. The utilities provider reported $0.62 EPS for the quarter, beating the consensus estimate of $0.58 by $0.04. Ameren had a return on equity of 10.04% and a net margin of 9.15%. The company had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.55 billion. During the same period last year, the company posted $0.42 earnings per share. The firm’s revenue was up 4.6% compared to the same quarter last year. equities analysts anticipate that Ameren will post 3.04 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 29th. Shareholders of record on Wednesday, June 13th will be given a $0.4575 dividend. This represents a $1.83 annualized dividend and a yield of 3.11%. The ex-dividend date of this dividend is Tuesday, June 12th. Ameren’s dividend payout ratio (DPR) is presently 64.66%.
A number of large investors have recently added to or reduced their stakes in the business. Suntrust Banks Inc. increased its position in shares of Ameren by 18.1% during the first quarter. Suntrust Banks Inc. now owns 53,011 shares of the utilities provider’s stock worth $3,000,000 after acquiring an additional 8,139 shares during the last quarter. Howard Capital Management Inc. increased its position in shares of Ameren by 41.0% during the first quarter. Howard Capital Management Inc. now owns 5,060 shares of the utilities provider’s stock worth $284,000 after acquiring an additional 1,472 shares during the last quarter. Atlantic Trust Group LLC increased its position in shares of Ameren by 33.5% during the first quarter. Atlantic Trust Group LLC now owns 5,056 shares of the utilities provider’s stock worth $286,000 after acquiring an additional 1,268 shares during the last quarter. Legal & General Group Plc increased its position in shares of Ameren by 4.7% during the first quarter. Legal & General Group Plc now owns 2,163,398 shares of the utilities provider’s stock worth $122,517,000 after acquiring an additional 97,091 shares during the last quarter. Finally, Brookfield Asset Management Inc. increased its position in shares of Ameren by 43.0% during the first quarter. Brookfield Asset Management Inc. now owns 44,200 shares of the utilities provider’s stock worth $2,503,000 after acquiring an additional 13,300 shares during the last quarter. 69.71% of the stock is currently owned by institutional investors.
Several research analysts recently weighed in on the company. Zacks Investment Research lowered Ameren from a “buy” rating to a “hold” rating in a research report on Friday. Morgan Stanley raised their price objective on Ameren from $54.00 to $57.00 and gave the company a “sell” rating in a research report on Monday, April 16th. UBS assumed coverage on Ameren in a research report on Friday, February 2nd. They issued a “neutral” rating and a $57.00 price objective on the stock. Gabelli assumed coverage on Ameren in a research report on Tuesday, March 27th. They issued a “buy” rating and a $66.00 price objective on the stock. Finally, Goldman Sachs Group raised Ameren from a “sell” rating to a “neutral” rating and set a $61.00 price objective on the stock in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $61.43.
Ameren Corporation operates as a public utility holding company in the United States. It operates through four segments: Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, and Ameren Transmission. The company engages in the rate-regulated electric generation, transmission, and distribution activities; and rate-regulated natural gas distribution and transmission businesses.
Receive News & Ratings for Ameren Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ameren and related companies with MarketBeat.com's FREE daily email newsletter.