Arizona State Retirement System Grows Stake in Ameren Corp (AEE)

Arizona State Retirement System raised its holdings in shares of Ameren Corp (NYSE:AEE) by 1.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 224,716 shares of the utilities provider’s stock after buying an additional 3,706 shares during the period. Arizona State Retirement System’s holdings in Ameren were worth $14,207,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in AEE. Rampart Investment Management Company LLC purchased a new stake in Ameren during the second quarter valued at approximately $150,000. Orrstown Financial Services Inc. purchased a new stake in Ameren during the second quarter valued at approximately $152,000. Bronfman E.L. Rothschild L.P. increased its holdings in Ameren by 274.3% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 2,553 shares of the utilities provider’s stock valued at $155,000 after buying an additional 1,871 shares during the last quarter. Centaurus Financial Inc. purchased a new stake in Ameren during the second quarter valued at approximately $166,000. Finally, Piedmont Investment Advisors LLC bought a new position in shares of Ameren in the second quarter worth approximately $174,000. 70.72% of the stock is owned by institutional investors and hedge funds.

AEE opened at $64.58 on Thursday. The company has a market capitalization of $15.86 billion, a price-to-earnings ratio of 20.19, a PEG ratio of 3.07 and a beta of 0.20. Ameren Corp has a 1-year low of $51.89 and a 1-year high of $67.23. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.62 and a quick ratio of 0.45.

Ameren (NYSE:AEE) last posted its quarterly earnings results on Wednesday, October 31st. The utilities provider reported $1.50 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.25 by $0.25. The business had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.82 billion. Ameren had a net margin of 9.85% and a return on equity of 10.60%. The company’s revenue was up .1% on a year-over-year basis. During the same period in the prior year, the business posted $1.24 earnings per share. Equities research analysts anticipate that Ameren Corp will post 3.27 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 31st. Investors of record on Wednesday, December 12th will be given a dividend of $0.475 per share. This is a positive change from Ameren’s previous quarterly dividend of $0.46. The ex-dividend date is Tuesday, December 11th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 2.94%. Ameren’s dividend payout ratio is currently 64.66%.

AEE has been the subject of a number of recent analyst reports. ValuEngine upgraded shares of Ameren from a “hold” rating to a “buy” rating in a research report on Tuesday, October 9th. Morgan Stanley dropped their price target on shares of Ameren from $67.00 to $65.00 and set an “equal weight” rating for the company in a research report on Friday, September 21st. Barclays initiated coverage on shares of Ameren in a research report on Tuesday, July 10th. They issued an “equal weight” rating and a $63.00 price target for the company. Wolfe Research lowered shares of Ameren from an “outperform” rating to a “hold” rating in a research report on Friday, October 26th. Finally, SunTrust Banks initiated coverage on shares of Ameren in a research report on Wednesday, September 26th. They issued a “hold” rating and a $64.00 price target for the company. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $64.88.

Ameren Company Profile

Ameren Corporation operates as a public utility holding company in the United States. It operates through four segments: Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, and Ameren Transmission. The company engages in the rate-regulated electric generation, transmission, and distribution activities; and rate-regulated natural gas distribution and transmission businesses.

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Institutional Ownership by Quarter for Ameren (NYSE:AEE)

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