Today’s Stock On Watch: Does Ameren Corporation (NYSE:AEE) Have Gas After Even More Sellers Involved?

November 23, 2016 - By Ruchi Gupta   ·   0 Comments

Today's Stock On Watch: Does Ameren Corporation (NYSE:AEE) Have Gas After Even More Sellers Involved?

The stock of Ameren Corporation (NYSE:AEE) registered an increase of 5.26% in short interest. AEE’s total short interest was 6.66 million shares in November as published by FINRA. Its up 5.26% from 6.33 million shares, reported previously. With 1.15 million shares average volume, it will take short sellers 6 days to cover their AEE’s short positions. The short interest to Ameren Corporation’s float is 2.75%. About 462,907 shares traded hands. Ameren Corp (NYSE:AEE) has risen 6.37% since April 21, 2016 and is uptrending. It has outperformed by 1.04% the S&P500.

Ameren Corporation is a public utility holding company. The company has a market cap of $12.05 billion. Ameren’s primary assets are its equity interests in its subsidiaries, including Union Electric Company (doing business as Ameren Missouri) and Ameren Illinois Company (Ameren Illinois). It has a 18.31 P/E ratio. Ameren operates through two divisions: Ameren Missouri and Ameren Illinois.

Insitutional Activity: The institutional sentiment decreased to 1.06 in Q2 2016. Its down 0.21, from 1.27 in 2016Q1. The ratio turned negative, as 34 funds sold all Ameren Corp shares owned while 125 reduced positions. 34 funds bought stakes while 168 increased positions. They now own 159.99 million shares or 4.84% less from 168.13 million shares in 2016Q1.
Putnam Invs Ltd Co accumulated 409,516 shares or 0.05% of the stock. Amp Cap Invsts Ltd last reported 398,656 shares in the company. The California-based Advisor Ptnrs Ltd Llc has invested 0.08% in Ameren Corp (NYSE:AEE). Td Asset holds 482,960 shares or 0.05% of its portfolio. Moreover, Jpmorgan Chase & has 0.01% invested in Ameren Corp (NYSE:AEE) for 395,489 shares. Norinchukin National Bank The holds 12,726 shares or 0.02% of its portfolio. Capstone Asset has 31,548 shares for 0.05% of their US portfolio. The Ontario – Canada-based Brookfield Asset Mngmt has invested 0.4% in Ameren Corp (NYSE:AEE). Bnp Paribas Arbitrage holds 0.03% or 122,291 shares in its portfolio. Goldman Sachs Gp Incorporated, a New York-based fund reported 4.47M shares. Moreover, Hsbc Pcl has 0.03% invested in Ameren Corp (NYSE:AEE) for 194,839 shares. Tarbox Group Inc last reported 0% of its portfolio in the stock. James Invest Research Incorporated holds 0.03% or 20,800 shares in its portfolio. Financial Counselors Incorporated has 0.08% invested in the company for 26,074 shares. Hartford Fincl Inc last reported 96 shares in the company.

Insider Transactions: Since June 9, 2016, the stock had 0 insider buys, and 3 sales for $2.18 million net activity. $1.85M worth of Ameren Corp (NYSE:AEE) shares were sold by GALVIN WALTER J. The insider Lindgren Mark C sold 3,500 shares worth $176,190. The insider Steinke Bruce A sold 3,000 shares worth $152,460.

Ameren Corp (NYSE:AEE) Ratings Coverage

Out of 5 analysts covering Ameren (NYSE:AEE), 2 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 40% are positive. Ameren has been the topic of 11 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating by Argus Research given on Monday, August 24. The firm earned “Hold” rating on Monday, April 4 by Argus Research. The firm earned “Overweight” rating on Monday, May 16 by Barclays Capital. The firm has “Neutral” rating given on Wednesday, October 19 by UBS. The company was upgraded on Monday, April 4 by Barclays Capital. The firm earned “Hold” rating on Tuesday, August 25 by Zacks. Wolfe Research upgraded the stock to “Outperform” rating in Monday, August 3 report. The stock of Ameren Corp (NYSE:AEE) has “Neutral” rating given on Tuesday, July 28 by Goldman Sachs.

AEE Company Profile

Ameren Corporation (Ameren), incorporated on August 7, 1995, is a public utility holding company. Ameren’s primary assets are its equity interests in its subsidiaries, including Union Electric Company (doing business as Ameren Missouri) and Ameren Illinois Company (Ameren Illinois). Ameren operates through two divisions: Ameren Missouri and Ameren Illinois. Ameren Missouri and Ameren Illinois each have one segment. The Ameren Missouri segment for both Ameren and Ameren Missouri includes all the activities of Ameren Missouri. The Ameren Illinois segment for both Ameren and Ameren Illinois consists of all of the activities of Ameren Illinois. Ameren’s subsidiaries are separate, independent legal entities with separate businesses, assets, and liabilities. Ameren Missouri operates a rate-regulated electric generation, transmission, and distribution business and a rate-regulated natural gas transmission and distribution business in Missouri. Ameren Illinois operates rate-regulated electric and natural gas transmission and distribution businesses in Illinois.

More recent Ameren Corp (NYSE:AEE) news were published by: Herald-Review.com which released: “Hot weather means hot profits for Ameren Corp” on November 08, 2016. Also Prnewswire.com published the news titled: “Ameren (NYSE: AEE) Announces Third Quarter 2016 Results and Raises 2016 …” on November 04, 2016. Zacks.com‘s news article titled: “Ameren Corp (AEE) Q3 Earnings: Stock to Beat Estimates?” with publication date: November 02, 2016 was also an interesting one.

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By Ruchi Gupta


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