2,059 Shares in Ameren Corporation (NYSE:AEE) Acquired by Chicago Partners Investment Group LLC

Chicago Partners Investment Group LLC bought a new position in shares of Ameren Corporation (NYSE:AEE) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,059 shares of the utilities provider’s stock, valued at approximately $205,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Ameren by 2.9% during the first quarter. Vanguard Group Inc. now owns 34,314,121 shares of the utilities provider’s stock worth $3,445,138,000 after purchasing an additional 979,928 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Ameren by 1.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 27,048,729 shares of the utilities provider’s stock worth $2,411,125,000 after purchasing an additional 392,170 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its holdings in Ameren by 16.7% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 17,038,754 shares of the utilities provider’s stock worth $1,518,835,000 after purchasing an additional 2,439,811 shares in the last quarter. Janus Henderson Group PLC raised its holdings in Ameren by 0.9% during the fourth quarter. Janus Henderson Group PLC now owns 4,601,449 shares of the utilities provider’s stock worth $410,174,000 after purchasing an additional 39,455 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in Ameren by 6.7% during the fourth quarter. Northern Trust Corp now owns 2,422,045 shares of the utilities provider’s stock worth $215,901,000 after purchasing an additional 153,031 shares in the last quarter. Institutional investors own 79.09% of the company’s stock.

Ameren Trading Down 0.2%

NYSE AEE opened at $101.20 on Wednesday. Ameren Corporation has a twelve month low of $80.00 and a twelve month high of $104.10. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.56 and a current ratio of 0.80. The stock has a market cap of $27.36 billion, a price-to-earnings ratio of 22.24, a PEG ratio of 2.61 and a beta of 0.45. The firm’s 50 day moving average price is $97.50 and its two-hundred day moving average price is $97.70.

Ameren (NYSE:AEE) last posted 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 net margin of 14.55% and a return on equity of 10.38%. The firm had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $1.82 billion. During the same period in the previous year, the company posted $0.97 EPS. The company’s quarterly revenue was up 31.2% compared to the same quarter last year. Equities analysts anticipate that Ameren Corporation will post 4.93 EPS for the current year.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Wells Fargo & Company upped their price target on Ameren from $108.00 to $112.00 and gave the company an “overweight” rating in a report on Wednesday, May 14th. Morgan Stanley dropped their price target on Ameren from $102.00 to $100.00 and set an “equal weight” rating on the stock in a report on Wednesday, June 18th. KeyCorp set a $104.00 price target on Ameren and gave the company an “overweight” rating in a report on Wednesday, July 16th. Barclays dropped their price target on Ameren from $104.00 to $100.00 and set an “equal weight” rating on the stock in a report on Thursday, July 10th. Finally, The Goldman Sachs Group raised Ameren from a “sell” rating to a “neutral” rating and upped their price target for the company from $91.00 to $100.00 in a report on Wednesday, June 25th. Five analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $101.36.

About Ameren

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.