Jane Street Group LLC lifted its stake in shares of Ameren Corp (NYSE:AEE) by 115.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,421 shares of the utilities provider’s stock after purchasing an additional 48,232 shares during the quarter. Jane Street Group LLC’s holdings in Ameren were worth $371,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in the stock. Moisand Fitzgerald Tamayo LLC bought a new position in Ameren in the third quarter valued at about $116,000. Bessemer Group Inc. bought a new position in Ameren in the second quarter valued at about $111,000. Cable Hill Partners LLC raised its position in Ameren by 400.2% in the third quarter. Cable Hill Partners LLC now owns 2,031 shares of the utilities provider’s stock valued at $117,000 after purchasing an additional 1,625 shares during the last quarter. Zeke Capital Advisors LLC bought a new position in Ameren in the third quarter valued at about $201,000. Finally, Seizert Capital Partners LLC bought a new position in Ameren in the third quarter valued at about $201,000. Institutional investors and hedge funds own 70.44% of the company’s stock.
A number of brokerages have recently issued reports on AEE. ValuEngine upgraded Ameren from a “hold” rating to a “buy” rating in a research report on Wednesday, November 15th. Zacks Investment Research upgraded Ameren from a “sell” rating to a “hold” rating in a research report on Tuesday, November 7th. Bank of America started coverage on Ameren in a research report on Tuesday, October 24th. They set a “neutral” rating and a $62.00 price objective for the company. KeyCorp reaffirmed a “hold” rating on shares of Ameren in a research note on Friday, October 20th. Finally, Morgan Stanley cut Ameren from an “equal weight” rating to an “underweight” rating and set a $61.00 target price for the company. in a research note on Wednesday, December 13th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $56.80.
Ameren (NYSE:AEE) last announced its quarterly earnings data on Friday, November 3rd. The utilities provider reported $1.24 EPS for the quarter, missing the Zacks’ consensus estimate of $1.31 by ($0.07). Ameren had a net margin of 10.03% and a return on equity of 8.61%. The firm had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.87 billion. During the same period last year, the business posted $1.52 EPS. The company’s revenue was down 7.3% on a year-over-year basis. analysts forecast that Ameren Corp will post 2.8 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Wednesday, December 13th will be paid a $0.4575 dividend. This represents a $1.83 dividend on an annualized basis and a yield of 3.03%. The ex-dividend date of this dividend is Tuesday, December 12th. This is a boost from Ameren’s previous quarterly dividend of $0.44. Ameren’s dividend payout ratio (DPR) is 72.62%.
In other Ameren news, SVP Gregory L. Nelson sold 12,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $62.68, for a total value of $752,160.00. Following the completion of the sale, the senior vice president now owns 36,785 shares of the company’s stock, valued at $2,305,683.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.38% of the company’s stock.
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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