IFM Investors Pty Ltd purchased a new position in Ameren Corp (NYSE:AEE) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 7,760 shares of the utilities provider’s stock, valued at approximately $449,000.
A number of other institutional investors have also recently modified their holdings of AEE. First Heartland Consultants Inc. lifted its position in shares of Ameren by 18.8% during the 3rd quarter. First Heartland Consultants Inc. now owns 9,132 shares of the utilities provider’s stock worth $528,000 after buying an additional 1,444 shares during the last quarter. California Public Employees Retirement System lifted its position in shares of Ameren by 5.0% during the 3rd quarter. California Public Employees Retirement System now owns 700,000 shares of the utilities provider’s stock worth $40,488,000 after buying an additional 33,400 shares during the last quarter. Krilogy Financial LLC lifted its position in shares of Ameren by 17.8% during the 3rd quarter. Krilogy Financial LLC now owns 11,998 shares of the utilities provider’s stock worth $694,000 after buying an additional 1,811 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of Ameren during the 3rd quarter worth approximately $2,851,000. Finally, Janus Henderson Group PLC lifted its position in shares of Ameren by 15.1% during the 3rd quarter. Janus Henderson Group PLC now owns 2,244,596 shares of the utilities provider’s stock worth $129,828,000 after buying an additional 293,658 shares during the last quarter. Institutional investors own 70.54% of the company’s stock.
Several analysts have recently weighed in on the stock. KeyCorp restated a “hold” rating on shares of Ameren in a research report on Friday, October 20th. Zacks Investment Research downgraded shares of Ameren from a “buy” rating to a “hold” rating in a research report on Monday, September 11th. ValuEngine downgraded shares of Ameren from a “buy” rating to a “hold” rating in a research report on Monday, December 4th. Morgan Stanley downgraded shares of Ameren from an “equal weight” rating to an “underweight” rating and set a $61.00 price objective for the company. in a research report on Wednesday. Finally, Bank of America assumed coverage on shares of Ameren in a research report on Tuesday, October 24th. They set a “neutral” rating and a $62.00 price objective for the company. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a strong buy rating to the company. Ameren has an average rating of “Hold” and an average price target of $56.80.
In other news, SVP Gregory L. Nelson sold 12,000 shares of Ameren stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $62.68, for a total value of $752,160.00. Following the transaction, the senior vice president now directly owns 36,785 shares of the company’s stock, valued at approximately $2,305,683.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.38% of the company’s stock.
Ameren Corp (NYSE:AEE) opened at $60.94 on Friday. The company has a market cap of $14,759.47, a price-to-earnings ratio of 23.58, a PEG ratio of 3.10 and a beta of 0.36. Ameren Corp has a 1-year low of $51.13 and a 1-year high of $64.89. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.61 and a quick ratio of 0.40.
Ameren (NYSE:AEE) last announced its earnings results on Friday, November 3rd. The utilities provider reported $1.24 EPS for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.07). The business had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.87 billion. Ameren had a net margin of 10.03% and a return on equity of 8.61%. The business’s revenue was down 7.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.52 earnings per share. analysts predict that Ameren Corp will post 2.8 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Wednesday, December 13th will be issued a $0.4575 dividend. This represents a $1.83 dividend on an annualized basis and a dividend yield of 3.00%. This is a boost from Ameren’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend is Tuesday, December 12th. Ameren’s payout ratio is presently 72.62%.
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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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