Revenue Update on Ameren Corp(NYSE:AEE)

Ameren Corp(NYSE:AEE) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 5, 2016. Company reported revenue of $1.43B. Analysts estimated a revenue of $1.46B. Earnings per share were $0.61. Analysts had estimated an EPS of $0.52.

In a different note, On May 16, 2016, Barclays said it Maintains its rating on Ameren Corp. In the research note, the firm Lowers the price-target to $55.00 per share. The shares have been rated ‘Overweight’ by the firm.

Ameren Corp (AEE) made into the market gainers list on Wednesdays trading session with the shares advancing 1.79% or 0.89 points. Due to strong positive momentum, the stock ended at $50.71, which is also near the day’s high of $50.84. The stock began the session at $49.74 and the volume stood at 20,04,844 shares. The 52-week high of the shares is $54.08 and the 52 week low is $38.15. The company has a current market capitalization of $12,304 M and it has 24,26,34,800 shares in outstanding.

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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