Lazard Asset Management Lowers stake in Ameren Corp (AEE)

Ameren Corp (AEE) : Lazard Asset Management reduced its stake in Ameren Corp by 6.81% during the most recent quarter end. The investment management company now holds a total of 4,284,334 shares of Ameren Corp which is valued at $218,715,251 after selling 313,187 shares in Ameren Corp , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Ameren Corp makes up approximately 0.49% of Lazard Asset Management’s portfolio.

Other Hedge Funds, Including , Lpl Financial sold out all of its stake in AEE during the most recent quarter. The investment firm sold 29,526 shares of AEE which is valued $1,507,302.Dubuque Bank Trust Co boosted its stake in AEE in the latest quarter, The investment management firm added 70 additional shares and now holds a total of 170 shares of Ameren Corp which is valued at $8,679.Bokf Na boosted its stake in AEE in the latest quarter, The investment management firm added 794 additional shares and now holds a total of 6,110 shares of Ameren Corp which is valued at $311,916. Ameren Corp makes up approx 0.01% of Bokf Na’s portfolio.Blackrock Fund Advisors boosted its stake in AEE in the latest quarter, The investment management firm added 214,667 additional shares and now holds a total of 4,124,771 shares of Ameren Corp which is valued at $210,569,560. Ameren Corp makes up approx 0.04% of Blackrock Fund Advisors’s portfolio.

Ameren Corp closed down -0.27 points or -0.55% at $49.15 with 12,93,649 shares getting traded on Thursday. Post opening the session at $49.4, the shares hit an intraday low of $49.08 and an intraday high of $49.5 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Ameren Corp reported $0.58 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Aug 5, 2016. Analyst had a consensus of $0.52. The company had revenue of $1427.00 million for the quarter, compared to analysts expectations of $1452.82 million. The company’s revenue was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.58 EPS.

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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