Verition Fund Management LLC raised its stake in Ameren Corporation (NYSE:AEE) by 947.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 107,464 shares of the utilities provider’s stock after purchasing an additional 97,209 shares during the period. Ameren Corporation makes up approximately 0.6% of Verition Fund Management LLC’s holdings, making the stock its 24th biggest position. Verition Fund Management LLC’s holdings in Ameren Corporation were worth $5,875,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of AEE. AXA boosted its holdings in Ameren Corporation by 31.9% in the 1st quarter. AXA now owns 14,513 shares of the utilities provider’s stock valued at $793,000 after purchasing an additional 3,513 shares during the period. OppenheimerFunds Inc. boosted its holdings in Ameren Corporation by 23.3% in the 1st quarter. OppenheimerFunds Inc. now owns 286,132 shares of the utilities provider’s stock valued at $15,620,000 after purchasing an additional 53,992 shares during the period. Principal Financial Group Inc. boosted its holdings in Ameren Corporation by 1.2% in the 1st quarter. Principal Financial Group Inc. now owns 381,672 shares of the utilities provider’s stock valued at $20,836,000 after purchasing an additional 4,576 shares during the period. FMR LLC boosted its holdings in Ameren Corporation by 61.2% in the 1st quarter. FMR LLC now owns 211,393 shares of the utilities provider’s stock valued at $11,541,000 after purchasing an additional 80,249 shares during the period. Finally, Ngam Advisors L.P. boosted its holdings in Ameren Corporation by 57.3% in the 1st quarter. Ngam Advisors L.P. now owns 37,363 shares of the utilities provider’s stock valued at $2,040,000 after purchasing an additional 13,603 shares during the period. 69.80% of the stock is owned by hedge funds and other institutional investors.
Shares of Ameren Corporation (NYSE:AEE) traded up 0.02% during mid-day trading on Friday, reaching $60.35. 239,097 shares of the company’s stock were exchanged. The stock has a market cap of $14.64 billion, a price-to-earnings ratio of 21.12 and a beta of 0.36. The stock’s 50-day moving average is $59.38 and its 200-day moving average is $56.76. Ameren Corporation has a 52-week low of $46.97 and a 52-week high of $60.91.
Ameren Corporation (NYSE:AEE) last announced its earnings results on Friday, August 4th. The utilities provider reported $0.79 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.10. The company had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.42 billion. Ameren Corporation had a net margin of 11.11% and a return on equity of 9.57%. Ameren Corporation’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.61 earnings per share. On average, equities analysts expect that Ameren Corporation will post $2.80 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Wednesday, September 13th were given a $0.44 dividend. The ex-dividend date of this dividend was Tuesday, September 12th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.92%. Ameren Corporation’s payout ratio is presently 61.54%.
A number of analysts have weighed in on the stock. Zacks Investment Research downgraded shares of Ameren Corporation from a “hold” rating to a “sell” rating in a report on Tuesday. BidaskClub raised shares of Ameren Corporation from a “hold” rating to a “buy” rating in a report on Friday, August 11th. Morgan Stanley increased their price target on shares of Ameren Corporation from $56.00 to $57.00 and gave the company an “overweight” rating in a report on Thursday, August 10th. Finally, Goldman Sachs Group, Inc. (The) downgraded shares of Ameren Corporation from a “neutral” rating to a “sell” rating and set a $51.00 price target for the company. in a report on Monday, June 26th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a strong buy rating to the stock. Ameren Corporation presently has an average rating of “Hold” and a consensus price target of $54.50.
Ameren Corporation Company Profile
Ameren Corporation is a utility holding company. The Company’s subsidiaries include Ameren Missouri, Ameren Illinois and Ameren Transmission Company (ATXI). It operates through four segments. The Ameren Missouri segment includes all of the operations of Ameren Missouri. The Ameren Illinois Electric Distribution segment consists of the electric distribution business of Ameren Illinois.
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