Martingale Asset Management L P increased its stake in Ameren Corporation (NYSE:AEE) by 3.1% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 419,964 shares of the utilities provider’s stock after buying an additional 12,823 shares during the period. Martingale Asset Management L P owned 0.17% of Ameren Corporation worth $22,961,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Bessemer Group Inc. purchased a new stake in Ameren Corporation during the 2nd quarter valued at $111,000. Acropolis Investment Management LLC boosted its stake in Ameren Corporation by 0.5% during the 2nd quarter. Acropolis Investment Management LLC now owns 2,406 shares of the utilities provider’s stock valued at $132,000 after purchasing an additional 11 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its stake in Ameren Corporation by 2.4% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 2,408 shares of the utilities provider’s stock valued at $132,000 after purchasing an additional 56 shares during the last quarter. Parkside Financial Bank & Trust boosted its stake in Ameren Corporation by 6.8% during the 1st quarter. Parkside Financial Bank & Trust now owns 2,486 shares of the utilities provider’s stock valued at $136,000 after purchasing an additional 159 shares during the last quarter. Finally, V Wealth Management LLC purchased a new stake in Ameren Corporation during the 2nd quarter valued at $138,000. Institutional investors own 69.82% of the company’s stock.
Shares of Ameren Corporation (AEE) traded up 0.35% during mid-day trading on Friday, reaching $60.09. The company’s stock had a trading volume of 920,192 shares. Ameren Corporation has a one year low of $46.84 and a one year high of $60.79. The firm has a market cap of $14.58 billion, a PE ratio of 21.03 and a beta of 0.37. The firm’s 50 day moving average is $58.48 and its 200 day moving average is $56.01.
Ameren Corporation (NYSE:AEE) last released its quarterly earnings results on Friday, August 4th. The utilities provider reported $0.79 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.69 by $0.10. Ameren Corporation had a net margin of 11.11% and a return on equity of 9.57%. The business had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same period in the previous year, the company earned $0.61 earnings per share. The business’s revenue for the quarter was up 7.8% on a year-over-year basis. On average, equities analysts anticipate that Ameren Corporation will post $2.80 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Wednesday, September 13th will be issued a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 2.93%. The ex-dividend date of this dividend is Tuesday, September 12th. Ameren Corporation’s dividend payout ratio is currently 61.54%.
AEE has been the topic of several recent analyst reports. BidaskClub upgraded Ameren Corporation from a “hold” rating to a “buy” rating in a research note on Friday, August 11th. Barclays PLC downgraded Ameren Corporation from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $60.00 to $58.00 in a research note on Thursday, May 25th. Morgan Stanley reiterated an “equal weight” rating on shares of Ameren Corporation in a research note on Friday. Finally, Goldman Sachs Group, Inc. (The) downgraded Ameren Corporation from a “neutral” rating to a “sell” rating and set a $51.00 target price on the stock. in a research note on Monday, June 26th. Two investment 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 company. The stock presently has a consensus rating of “Hold” and an average target price of $55.20.
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About Ameren Corporation
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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