QUANTRES ASSET MANAGEMENT Ltd purchased a new position in Ameren Corp (NYSE:AEE) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 5,300 shares of the utilities provider’s stock, valued at approximately $335,000.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its stake in shares of Ameren by 0.4% in the first quarter. Dimensional Fund Advisors LP now owns 577,016 shares of the utilities provider’s stock worth $32,676,000 after acquiring an additional 2,100 shares during the period. LPL Financial LLC increased its stake in shares of Ameren by 21.7% in the first quarter. LPL Financial LLC now owns 26,438 shares of the utilities provider’s stock worth $1,497,000 after acquiring an additional 4,712 shares during the period. Clinton Group Inc. increased its stake in shares of Ameren by 34.9% in the second quarter. Clinton Group Inc. now owns 17,013 shares of the utilities provider’s stock worth $1,035,000 after acquiring an additional 4,402 shares during the period. IFM Investors Pty Ltd increased its stake in shares of Ameren by 40.8% in the second quarter. IFM Investors Pty Ltd now owns 11,445 shares of the utilities provider’s stock worth $696,000 after acquiring an additional 3,316 shares during the period. Finally, CENTRAL TRUST Co increased its stake in shares of Ameren by 8.0% in the second quarter. CENTRAL TRUST Co now owns 42,588 shares of the utilities provider’s stock worth $2,592,000 after acquiring an additional 3,171 shares during the period. 70.72% of the stock is owned by institutional investors and hedge funds.
A number of analysts have recently weighed in on AEE shares. Wells Fargo & Co increased their price objective on shares of Ameren from $67.00 to $71.00 and gave the stock an “outperform” rating in a research note on Monday, September 17th. Wolfe Research lowered shares of Ameren from an “outperform” rating to a “hold” rating in a research note on Friday, October 26th. Morgan Stanley cut their price objective on shares of Ameren from $67.00 to $65.00 and set an “equal weight” rating on the stock in a research note on Friday, September 21st. ValuEngine upgraded shares of Ameren from a “hold” rating to a “buy” rating in a research note on Tuesday, October 9th. Finally, SunTrust Banks started coverage on shares of Ameren in a research note on Wednesday, September 26th. They issued a “hold” rating and a $64.00 price objective on the stock. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $64.88.
Ameren (NYSE:AEE) last released its quarterly earnings results on Wednesday, October 31st. The utilities provider reported $1.50 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.25 by $0.25. The company had revenue of $1.72 billion for 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 firm’s revenue was up .1% on a year-over-year basis. During the same quarter last year, the business earned $1.24 earnings per share. Research analysts predict that Ameren Corp will post 3.27 earnings per share for the current year.
The company also recently declared 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 represents a $1.90 annualized dividend and a yield of 2.94%. The ex-dividend date is Tuesday, December 11th. This is a positive change from Ameren’s previous quarterly dividend of $0.46. Ameren’s dividend payout ratio (DPR) is currently 64.66%.
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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