Rare Infrastructure Ltd buys $112,537,326 stake in Ameren Corp (AEE)

Ameren Corp (AEE) : Rare Infrastructure Ltd scooped up 382,869 additional shares in Ameren Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 2,204,453 shares of Ameren Corp which is valued at $112,537,326.Ameren Corp makes up approximately 4.95% of Rare Infrastructure Ltd’s portfolio.

Other Hedge Funds, Including , Wedgewood Partners Inc added AEE to its portfolio by purchasing 32,529 company shares during the most recent quarter which is valued at $1,660,605. Ameren Corp makes up approx 0.03% of Wedgewood Partners Inc’s portfolio.Grantham Mayo Van Otterloo boosted its stake in AEE in the latest quarter, The investment management firm added 234,365 additional shares and now holds a total of 562,665 shares of Ameren Corp which is valued at $28,724,048. Ameren Corp makes up approx 0.11% of Grantham Mayo Van Otterloo’s portfolio.Nomura Asset Management Co Ltd boosted its stake in AEE in the latest quarter, The investment management firm added 2,000 additional shares and now holds a total of 33,790 shares of Ameren Corp which is valued at $1,724,980. Ameren Corp makes up approx 0.03% of Nomura Asset Management Co Ltd’s portfolio.Neuberger Berman Group reduced its stake in AEE by selling 107,184 shares or 7.4% in the most recent quarter. The Hedge Fund company now holds 1,340,528 shares of AEE which is valued at $68,366,928. Ameren Corp makes up approx 0.09% of Neuberger Berman Group’s portfolio. Herndon Capital Management added AEE to its portfolio by purchasing 22 company shares during the most recent quarter which is valued at $1,154.

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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