Investors Buy High Volume of Call Options on Ameren (NYSE:AEE)

Ameren Co. (NYSE:AEEGet Free Report) was the recipient of unusually large options trading on Wednesday. Traders acquired 2,984 call options on the stock. This represents an increase of 2,268% compared to the typical daily volume of 126 call options.

Ameren Price Performance

NYSE:AEE opened at $71.82 on Thursday. Ameren has a 12-month low of $67.03 and a 12-month high of $88.72. The firm has a market capitalization of $19.15 billion, a price-to-earnings ratio of 16.51, a P/E/G ratio of 2.47 and a beta of 0.44. The stock’s 50 day moving average price is $72.15 and its two-hundred day moving average price is $71.87. The company has a quick ratio of 0.40, a current ratio of 0.59 and a debt-to-equity ratio of 1.31.

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

Ameren Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Wednesday, June 12th were paid a $0.67 dividend. The ex-dividend date was Wednesday, June 12th. This represents a $2.68 dividend on an annualized basis and a yield of 3.73%. Ameren’s dividend payout ratio (DPR) is currently 61.61%.

Analyst Ratings Changes

AEE has been the subject of several research reports. StockNews.com raised shares of Ameren from a “sell” rating to a “hold” rating in a research note on Wednesday, May 8th. Barclays raised shares of Ameren from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $73.00 to $77.00 in a research report on Thursday, May 30th. The Goldman Sachs Group started coverage on shares of Ameren in a research report on Wednesday, April 10th. They set a “sell” rating and a $73.00 price target on the stock. Morgan Stanley decreased their price objective on Ameren from $76.00 to $72.00 and set an “equal weight” rating for the company in a report on Monday, June 24th. Finally, BMO Capital Markets dropped their target price on Ameren from $81.00 to $80.00 and set an “outperform” rating on the stock in a report on Monday, June 24th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $79.20.

Read Our Latest Report on Ameren

Insiders Place Their Bets

In related news, EVP Mark C. Lindgren sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $75.53, for a total value of $302,120.00. Following the completion of the transaction, the executive vice president now directly owns 43,935 shares in the company, valued at approximately $3,318,410.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Ameren news, EVP Mark C. Lindgren sold 4,000 shares of the stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $75.53, for a total transaction of $302,120.00. Following the completion of the transaction, the executive vice president now owns 43,935 shares in the company, valued at approximately $3,318,410.55. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Rafael Flores sold 1,500 shares of Ameren stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $71.29, for a total value of $106,935.00. Following the completion of the sale, the director now directly owns 13,768 shares in the company, valued at approximately $981,520.72. The disclosure for this sale can be found here. Corporate insiders own 0.36% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Versant Capital Management Inc increased its stake in shares of Ameren by 115.3% during the second quarter. Versant Capital Management Inc now owns 366 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 196 shares during the period. Farmers & Merchants Investments Inc. grew 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 valued at $27,000 after buying an additional 200 shares in the last quarter. YHB Investment Advisors Inc. bought a new position in Ameren during the 1st quarter worth $30,000. Pathway Financial Advisers LLC acquired a new stake in shares of Ameren during the first quarter worth $31,000. Finally, EntryPoint Capital LLC boosted its position in shares of Ameren by 108.1% in the first quarter. EntryPoint Capital LLC now owns 435 shares of the utilities provider’s stock valued at $32,000 after acquiring an additional 226 shares during the period. 79.09% of the stock is owned by institutional investors.

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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