Traders Buy Large Volume of Call Options on Ameren (NYSE:AEE)

Ameren Co. (NYSE:AEEGet Free Report) was the recipient of unusually large options trading on Wednesday. Investors bought 2,984 call options on the stock. This is an increase of approximately 2,268% compared to the average volume of 126 call options.

Ameren Stock Down 1.6 %

AEE opened at $70.10 on Thursday. The firm has a market capitalization of $18.69 billion, a P/E ratio of 16.11, a PEG ratio of 2.49 and a beta of 0.44. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.59 and a quick ratio of 0.40. The company’s 50-day moving average is $73.27 and its 200 day moving average is $72.98. Ameren has a fifty-two week low of $67.03 and a fifty-two week high of $88.72.

Ameren (NYSE:AEEGet Free Report) last issued its quarterly earnings results on Thursday, May 9th. The utilities provider reported $0.98 EPS for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.08). The firm had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $2.19 billion. Ameren had a net margin of 15.84% and a return on equity of 10.20%. The firm’s quarterly revenue was down 11.9% on a year-over-year basis. During the same period in the prior year, the company earned $1.00 EPS. Research analysts expect that Ameren will post 4.58 earnings per share for the current fiscal year.

Ameren Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Wednesday, June 12th will be paid a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 3.82%. The ex-dividend date is Wednesday, June 12th. Ameren’s dividend payout ratio is presently 61.61%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on AEE shares. Barclays dropped their target price on shares of Ameren from $74.00 to $73.00 and set an “equal weight” rating for the company in a research report on Monday, April 15th. Bank of America raised their price objective on shares of Ameren from $77.00 to $78.00 and gave the company a “neutral” rating in a research note on Thursday, April 11th. BMO Capital Markets upped their price target on Ameren from $76.00 to $81.00 and gave the company an “outperform” rating in a research note on Monday, May 6th. StockNews.com raised shares of Ameren from a “sell” rating to a “hold” rating in a research note on Wednesday, May 8th. Finally, Morgan Stanley lifted their target price on Ameren from $69.00 to $76.00 and gave the stock an “equal weight” rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $79.30.

Get Our Latest Analysis on AEE

Insider Buying and Selling

In other news, EVP Mark C. Lindgren sold 1,630 shares of Ameren stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $70.70, for a total value of $115,241.00. Following the transaction, the executive vice president now owns 47,883 shares of the company’s stock, valued at approximately $3,385,328.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Ameren news, CEO Martin J. Lyons sold 7,270 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $70.70, for a total value of $513,989.00. Following the completion of the sale, the chief executive officer now owns 246,434 shares of the company’s stock, valued at $17,422,883.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Mark C. Lindgren sold 1,630 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $70.70, for a total transaction of $115,241.00. Following the sale, the executive vice president now owns 47,883 shares of the company’s stock, valued at $3,385,328.10. The disclosure for this sale can be found here. Insiders have sold a total of 12,900 shares of company stock valued at $931,350 over the last quarter. Corporate insiders own 0.36% of the company’s stock.

Institutional Trading of Ameren

A number of large investors have recently modified their holdings of AEE. Farmers & Merchants Investments Inc. lifted its holdings in Ameren by 117.6% in the 1st quarter. Farmers & Merchants Investments Inc. now owns 370 shares of the utilities provider’s stock worth $27,000 after buying an additional 200 shares during the period. YHB Investment Advisors Inc. bought a new stake in Ameren during the 1st quarter valued at about $30,000. Pathway Financial Advisers LLC purchased a new position in Ameren in the 1st quarter worth approximately $31,000. EntryPoint Capital LLC raised its stake in shares of Ameren by 108.1% in the first quarter. EntryPoint Capital LLC now owns 435 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 226 shares during the last quarter. Finally, Cape Investment Advisory Inc. boosted its position in shares of Ameren by 73.8% during the fourth quarter. Cape Investment Advisory Inc. now owns 478 shares of the utilities provider’s stock valued at $35,000 after buying an additional 203 shares during the last quarter. Institutional investors own 79.09% of the company’s stock.

Ameren Company Profile

(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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