CFC Planning Co LLC Boosts Stake in Ameren Corporation (NYSE:AEE)

by · The Cerbat Gem

CFC Planning Co LLC lifted its holdings in Ameren Corporation (NYSE:AEE – Free Report) by 31.6% during the first quarter, Holdings Channel reports. The institutional investor owned 3,669 shares of the utilities provider’s stock after purchasing an additional 882 shares during the quarter. CFC Planning Co LLC’s holdings in Ameren were worth $368,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Quarry LP purchased a new stake in Ameren during the fourth quarter worth $31,000. ORG Partners LLC increased its stake in shares of Ameren by 74.5% during the 1st quarter. ORG Partners LLC now owns 349 shares of the utilities provider’s stock worth $35,000 after purchasing an additional 149 shares in the last quarter. Lee Danner & Bass Inc. purchased a new position in shares of Ameren during the 4th quarter worth approximately $38,000. Cornerstone Planning Group LLC increased its stake in shares of Ameren by 586.9% during the 1st quarter. Cornerstone Planning Group LLC now owns 419 shares of the utilities provider’s stock worth $41,000 after purchasing an additional 358 shares in the last quarter. Finally, Optiver Holding B.V. increased its stake in shares of Ameren by 78.7% during the 4th quarter. Optiver Holding B.V. now owns 470 shares of the utilities provider’s stock worth $42,000 after purchasing an additional 207 shares in the last quarter. 79.09% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AEE has been the topic of several recent research reports. KeyCorp upgraded Ameren from a “sector weight” rating to an “overweight” rating and set a $103.00 price objective on the stock in a research report on Wednesday, May 14th. The Goldman Sachs Group upgraded shares of Ameren from a “sell” rating to a “neutral” rating and upped their target price for the company from $91.00 to $100.00 in a report on Wednesday, June 25th. Guggenheim restated a “neutral” rating on shares of Ameren in a report on Tuesday, April 22nd. Morgan Stanley reduced their target price on Ameren from $102.00 to $100.00 and set an “equal weight” rating on the stock in a research report on Wednesday, June 18th. Finally, BMO Capital Markets increased their target price on Ameren from $106.00 to $108.00 and gave the stock an “outperform” rating in a research report on Monday, May 5th. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Ameren presently has a consensus rating of “Moderate Buy” and a consensus target price of $101.27.

Read Our Latest Stock Analysis on AEE

Ameren Trading Up 1.0%

AEE opened at $96.19 on Friday. The firm has a market capitalization of $26.00 billion, a P/E ratio of 21.33, a P/E/G ratio of 2.78 and a beta of 0.48. The firm’s 50 day moving average is $96.26 and its 200-day moving average is $96.22. Ameren Corporation has a 52-week low of $71.87 and a 52-week high of $104.10. The company has a quick ratio of 0.62, a current ratio of 0.86 and a debt-to-equity ratio of 1.49.

Ameren (NYSE:AEE – Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The utilities provider reported $1.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.01). Ameren had a net margin of 15.31% and a return on equity of 10.40%. The firm had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $1.92 billion. During the same quarter in the prior year, the business earned $0.98 EPS. The company’s revenue for the quarter was up 15.5% on a year-over-year basis. Analysts expect that Ameren Corporation will post 4.93 EPS for the current fiscal year.

Ameren Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th were issued a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date was Tuesday, June 10th. Ameren’s dividend payout ratio is presently 62.97%.

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.

See Also

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