1 day Ago By ABMN Staff
Ameren Co. ( NYSE:AEE – Get Free Report ) was the recipient of some unusual options trading activity on Wednesday. Investors bought 2,984 call options on the stock.
This is an increase of 2,268% compared to the average daily volume of 126 call options. Wall Street Analysts Forecast Growth A number of brokerages recently issued reports on AEE. BMO Capital Markets raised their target price on Ameren from $84.
00 to $87.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 6th. Barclays upgraded Ameren from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $73.
00 to $77.00 in a research note on Thursday, May 30th. Mizuho upgraded Ameren from a “neutral” rating to an “outperform” rating and upped their target price for the company from $82.
00 to $89.00 in a research report on Monday. Morgan Stanley increased their price target on shares of Ameren from $74.
00 to $81.00 and gave the stock an “equal weight” rating in a report on Friday, August 23rd. Finally, UBS Group initiated coverage on shares of Ameren in a research note on Friday, July 19th.
They set a “buy” rating and a $87.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company.
According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $82.70.
Check Out Our Latest Analysis on AEE Ameren Stock Performance Ameren ( NYSE:AEE – Get Free Report ) last issued its quarterly earnings data on Thursday, August 1st. The utilities provider reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.
93 by $0.04. Ameren had a net margin of 16.
28% and a return on equity of 10.20%. The business had revenue of $1.
69 billion during the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter in the prior year, the firm posted $0.
90 earnings per share. The company’s revenue was down 3.8% compared to the same quarter last year.
Equities research analysts anticipate that Ameren will post 4.62 earnings per share for the current year. Ameren Dividend Announcement The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th.
Investors of record on Wednesday, September 11th will be paid a $0.67 dividend. The ex-dividend date is Wednesday, September 11th.
This represents a $2.68 annualized dividend and a dividend yield of 3.17%.
Ameren’s dividend payout ratio is presently 61.61%. Insider Activity at Ameren In other Ameren news, EVP Chonda J.
Nwamu sold 1,610 shares of the business’s stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $81.94, for a total transaction of $131,923.
40. Following the sale, the executive vice president now owns 44,432 shares of the company’s stock, valued at approximately $3,640,758.08.
The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website . 0.42% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Ameren Several institutional investors and hedge funds have recently modified their holdings of AEE. Private Advisor Group LLC increased its stake in shares of Ameren by 32.2% in the 4th quarter.
Private Advisor Group LLC now owns 5,342 shares of the utilities provider’s stock valued at $386,000 after purchasing an additional 1,302 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Ameren by 1.4% during the 4th quarter.
Dimensional Fund Advisors LP now owns 898,638 shares of the utilities provider’s stock worth $65,007,000 after buying an additional 12,431 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in Ameren by 2.3% during the 4th quarter.
Janney Montgomery Scott LLC now owns 7,414 shares of the utilities provider’s stock worth $536,000 after buying an additional 168 shares in the last quarter. Beacon Pointe Advisors LLC increased its stake in Ameren by 7.0% during the 4th quarter.
Beacon Pointe Advisors LLC now owns 3,596 shares of the utilities provider’s stock worth $260,000 after buying an additional 235 shares in the last quarter. Finally, Kentucky Retirement Systems increased its stake in Ameren by 3.3% during the 4th quarter.
Kentucky Retirement Systems now owns 21,038 shares of the utilities provider’s stock worth $1,522,000 after buying an additional 676 shares in the last quarter. Hedge funds and other institutional investors own 79.09% of the company’s stock.
About Ameren ( Get 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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