Churchill Management Corp buys $16,999,022 stake in Ameren Corp (AEE)

Ameren Corp (AEE) : Churchill Management Corp scooped up 25,959 additional shares in Ameren Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 13, 2016. The investment management firm now holds a total of 348,841 shares of Ameren Corp which is valued at $16,999,022.Ameren Corp makes up approximately 1.19% of Churchill Management Corp’s portfolio.

Ameren Corp opened for trading at $48.74 and hit $49.12 on the upside on Monday, eventually ending the session at $49.08, with a gain of 0.72% or 0.35 points. The heightened volatility saw the trading volume jump to 12,67,125 shares. Company has a market cap of $11,909 M.

Other Hedge Funds, Including , Santa Fe Partners reduced its stake in AEE by selling 22,163 shares or 25.18% in the most recent quarter. The Hedge Fund company now holds 65,841 shares of AEE which is valued at $3,208,432. Ameren Corp makes up approx 0.52% of Santa Fe Partners’s portfolio. Banced Corp sold out all of its stake in AEE during the most recent quarter. The investment firm sold 5,579 shares of AEE which is valued $271,865.Central Trust Co boosted its stake in AEE in the latest quarter, The investment management firm added 3,016 additional shares and now holds a total of 21,676 shares of Ameren Corp which is valued at $1,056,271. Ameren Corp makes up approx 0.08% of Central Trust Co’s portfolio.Creative Planning reduced its stake in AEE by selling 1,747 shares or 10.05% in the most recent quarter. The Hedge Fund company now holds 15,640 shares of AEE which is valued at $761,355. Ameren Corp makes up approx 0.01% of Creative Planning’s portfolio.

On the company’s financial health, Ameren Corp reported $0.12 EPS for the quarter, missing the analyst consensus estimate by $ -0.03 based on the information available during the earnings call on Feb 19, 2016. Analyst had a consensus of $0.15. The company had revenue of $1308.00 million for the quarter, compared to analysts expectations of $1507.63 million. The company’s revenue was down -4.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.19 EPS.

Many Wall Street Analysts have commented on Ameren Corp. Company shares were Upgraded by Barclays on Apr 4, 2016 to ” Overweight”, Firm has raised the Price Target to $ 55 from a previous price target of $46 .Company shares were Reiterated by Barclays on Feb 22, 2016 to “Equal Weight”, Firm has raised the Price Target to $ 46 from a previous price target of $45 .

Ameren Corporation (Ameren) is a utility holding company. The Company operates in two segments: Ameren Missouri and Ameren Illinois. The Company’s subsidiaries include Ameren Missouri and Ameren Illinois. Ameren also has a subsidiary ATXI that operates a FERC rate-regulated electric transmission business. Ameren Missouri operates a rate-regulated electric generation transmission and distribution business and a rate-regulated natural gas transmission and distribution business in Missouri. It supplies electric and natural gas service to a 24000-square-mile area in central and eastern Missouri. Ameren Illinois operates rate-regulated electric and natural gas transmission and distribution businesses in Illinois. Ameren Illinois supplies electric and natural gas utility service to portions of central and southern Illinois in an area of 40000 square miles.

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