T. Rowe Price Investment Manageme has recently announced that it has increased stake in Ameren Corp. (NYSE:AEE) by 12.18%. After grabbing 15.93 million shares, the institutional investor is now in possession of 1.73 million shares of the Utilities Company. The new investment brought the stake of investor firm to 6.06% having worth around $1.24 billion. Moreover, BlackRock Fund Advisors increased its share by 86802.0 to have a control over 14.33 million shares. And Geode Capital Management LLC raised its holdings to 0.12 million shares by acquiring 5.94 million shares or 2.26% of the stake.
Ameren Corp. (AEE) concluded trading on December 20, 2023 at a closing price of $72.04, with 3.39 million shares of worth about $244.4 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -12.46% during that period and On Wednesday the price saw a loss of about -0.43%. Currently the company’s common shares owned by public are about 262.00M shares, out of which, 261.76M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 66 times over the past 12 months. They bought 365,954 shares in 36 of the transactions. In 30 selling transactions, insiders dumped 262,097 shares.
T Rowe Price Capital Appreciation, Vanguard Total Stock Market ETF, and Vanguard 500 Index Fund are the top 3 mutual funds which are holding stakes in Ameren Corp. T Rowe Price Capital Appreciation is currently holding 10.26 million shares of worth totaling $796.05 million. The company recently came buying 1.12 million shares which brought its stake up to 3.90% of the company’s outstanding shares. Vanguard Total Stock Market ETF bought 34977.0 shares, after which its hold over company’s outstanding shares expand to 3.13%, leaving 8.23 million shares with the mutual fund that have a worth of about $638.39 million. Vanguard 500 Index Fund, after buying 6.34 million shares, have now control over 2.41% of the stake in the company. It holds 27944.0 shares of worth $492.12 million.
However, the stock later moved at a day high price of 72.64, or with a loss of -0.43%. Stock saw a price change of -11.41% in past 5 days and over the past one month there was a price change of -6.22%. Year-to-date (YTD), AEE shares are showing a performance of -18.98% which decreased to -17.48% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $69.71 but also hit the highest price of $91.18 during that period. The average intraday trading volume for Ameren Corp. shares is 2.05 million. The stock is currently trading -6.41% below its 20-day simple moving average (SMA20), while that difference is down -6.41% for SMA50 and it goes to -11.77% lower than SMA200.
T. Rowe Price Investment Manageme acquired 15.93 million shares of Ameren Corp. having value of about $1.24 billion. Data submitted at the U.S SEC by T. Rowe Price Investment Manageme revealed that the firm now holds 1.73 million shares in the company valued at close to $124677178.64, or have control over 12.18% stake in the company. Ameren Corp. (NYSE: AEE) currently have 262.00M outstanding shares and institutions hold larger chunk of about 79.10% of that. Holding of mutual funds in the company is about 25.40% while other institutional holders and individual stake holders have control over 53.93% and 1.15% of the stake respectively.
The stock has a current market capitalization of $18.94B and its 3Y-monthly beta is at 0.46. PE ratio of stock for trailing 12 months is 16.37, while it has posted earnings per share of $4.40 in the same period. Its PEG reads 3.03 and has Quick Ratio of 0.33 while making debt-to-equity ratio of 1.45. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for AEE, volatility over the week remained 4.20% while standing at 2.31% over the month.
Analysts are in expectations that Ameren Corp. (AEE) stock would likely to be making an EPS of $0.61 in the current quarter, while forecast for next quarter EPS is $1.25 and it is $4.59 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.58 which is $0.64 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.63 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 5.75% while it is estimated to increase by 5.27% in next year. EPS is likely to shrink at an annualized rate of 5.40% for next 5-years, compared to annual growth of 14.08% made by the stock over the past 5-years.
