The company is so far trading up from yesterday’s close of $59.26. It is currently trading at $59.89 a tad higher than the 50 day moving average which is $56.41 and which is just a bit higher than the 200 day moving average of $55.38. The 50 day moving average was up $3.41 whereas the 200 day moving average was up $4.44 or +8.02%.
Ameren Corporation (Ameren), launched on August 7, 1995, is a utility holding company. The Business’s primary assets are its equity interests in its subsidiaries, including Ameren Missouri, Ameren Illinois and Ameren Transmission Company (ATXI). The Company operates through four segments: Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas and Ameren Transmission. The Ameren Missouri segment includes all of the operations of Ameren Missouri. The Ameren Illinois Electric Distribution segment consists of the electric distribution business of Ameren Illinois. The Ameren Illinois Natural Gas segment consists of the natural gas business of Ameren Illinois. The ATXI segment is primarily composed of the aggregated electric transmission businesses of Ameren Illinois and ATXI..
Here are a few additional firms who have increased or decreased their stake in (AEE). As of the end of the quarter Brookfield Asset Management Inc. had disposed of 1,061,900 shares trimming its holdings by 99.8%. The value of the investment in Ameren Corporation went from $55,807,000 to $104,000 a change of $55,703,000 for the reporting period. Morgan Stanley expanded its investment by buying 126 shares an increase of 0.3% from 12/31/2016 to 03/31/2017. Morgan Stanley controls 44,914 shares worth $2,452,000. The total value of its holdings increased 4.4%.
Tower Research Capital LLC (trc) reduced its stake by selling 241 shares a decrease of 86.4% in the quarter. Tower Research Capital LLC (trc) claims 38 shares valued at $2,000. The value of the position overall is down by 86.7%. As of quarter end Bank Of Nova Scotia had bought a total of 44,574 shares growing its position 829.1%. The value of the company’s investment in Ameren Corporation increased from $282,000 to $2,727,000 a change of 867.0% quarter over quarter.
August 10 investment analysts at Morgan Stanley held the stock rating at “Overweight” and moved up the price target from $56.00 to $57.00. On June 26, 2017 the stock rating was rated “Sell” by Goldman Sachs down from the previous “Neutral” rating.
On May 25 the company was set at “Equal-Weight” in a report from Barclays a cut from the previous “Overweight” rating.
Ameren Corporation recently declared a dividend for shareholders which will be paid on Friday the 29th of September 2017. The dividend payment will be $0.440 per share for the quarter or $1.76 annualized. This dividend amount will represent a yeild of $2.97. The ex-dividend date will be on Monday the 12th of June 2017.
The company’s P/E ratio is 20.94 and the market cap of the company is 14.51B. As of the latest earnings report the EPS was $2.86 and is projected to be $2.81 for the current year with 242,634,000 shares presently outstanding. Next quarter’s EPS is forecasted at $0.20 with next year’s EPS anticipated to be $3.01.