Krilogy Financial LLC boosted its stake in shares of Ameren Corp (NYSE:AEE) by 17.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 11,998 shares of the utilities provider’s stock after buying an additional 1,811 shares during the period. Krilogy Financial LLC’s holdings in Ameren were worth $694,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in the stock. Cubist Systematic Strategies LLC purchased a new stake in Ameren during the 3rd quarter valued at $2,851,000. Janus Henderson Group PLC increased its stake in Ameren by 15.1% in the third quarter. Janus Henderson Group PLC now owns 2,244,596 shares of the utilities provider’s stock worth $129,828,000 after purchasing an additional 293,658 shares during the period. Jane Street Group LLC increased its stake in Ameren by 115.4% in the third quarter. Jane Street Group LLC now owns 6,421 shares of the utilities provider’s stock worth $371,000 after purchasing an additional 48,232 shares during the period. Vident Investment Advisory LLC increased its stake in Ameren by 21.4% in the third quarter. Vident Investment Advisory LLC now owns 52,517 shares of the utilities provider’s stock worth $3,038,000 after purchasing an additional 9,275 shares during the period. Finally, Empire Life Investments Inc. purchased a new stake in Ameren in the third quarter worth $8,968,000. Institutional investors own 70.44% of the company’s stock.
In other news, SVP Gregory L. Nelson sold 12,000 shares of the stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $62.68, for a total transaction of $752,160.00. Following the transaction, the senior vice president now owns 36,785 shares of the company’s stock, valued at approximately $2,305,683.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.38% of the stock is currently owned by corporate insiders.
Ameren Corp (NYSE:AEE) traded down $0.60 on Tuesday, hitting $58.39. The stock had a trading volume of 1,207,322 shares, compared to its average volume of 1,253,350. Ameren Corp has a fifty-two week low of $51.35 and a fifty-two week high of $64.89. The company has a quick ratio of 0.40, a current ratio of 0.61 and a debt-to-equity ratio of 0.92. The company has a market cap of $14,170.00, a P/E ratio of 23.17, a price-to-earnings-growth ratio of 3.00 and a beta of 0.37.
Ameren (NYSE:AEE) last posted its quarterly earnings results on Friday, November 3rd. The utilities provider reported $1.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.07). Ameren had a return on equity of 8.61% and a net margin of 10.03%. The firm had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.87 billion. During the same period in the previous year, the company posted $1.52 EPS. Ameren’s quarterly revenue was down 7.3% compared to the same quarter last year. equities analysts forecast that Ameren Corp will post 2.8 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Wednesday, December 13th were given a dividend of $0.4575 per share. This is an increase from Ameren’s previous quarterly dividend of $0.44. The ex-dividend date was Tuesday, December 12th. This represents a $1.83 dividend on an annualized basis and a dividend yield of 3.13%. Ameren’s dividend payout ratio is presently 72.62%.
AEE has been the topic of a number of recent analyst reports. Zacks Investment Research lowered Ameren from a “buy” rating to a “hold” rating in a research note on Monday, September 11th. Morgan Stanley lowered Ameren from an “equal weight” rating to an “underweight” rating and set a $61.00 target price on the stock. in a research note on Wednesday, December 13th. ValuEngine lowered Ameren from a “buy” rating to a “hold” rating in a research note on Monday, December 4th. KeyCorp reiterated a “hold” rating on shares of Ameren in a research note on Friday, October 20th. Finally, Bank of America initiated coverage on Ameren in a research note on Tuesday, October 24th. They issued a “neutral” rating and a $62.00 target price on the stock. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $56.80.
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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