First Trust Advisors LP raised its holdings in Ameren Corp (NYSE:AEE) by 4.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 979,628 shares of the utilities provider’s stock after buying an additional 39,035 shares during the quarter. First Trust Advisors LP owned approximately 0.40% of Ameren worth $78,419,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Livforsakringsbolaget Skandia Omsesidigt grew its holdings in Ameren by 45.9% in the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 3,181 shares of the utilities provider’s stock valued at $239,000 after buying an additional 1,000 shares during the period. C M Bidwell & Associates Ltd. lifted its stake in shares of Ameren by 173.4% in the 2nd quarter. C M Bidwell & Associates Ltd. now owns 3,650 shares of the utilities provider’s stock valued at $274,000 after purchasing an additional 2,315 shares in the last quarter. Commonwealth Equity Services LLC lifted its stake in shares of Ameren by 4.8% in the 2nd quarter. Commonwealth Equity Services LLC now owns 76,659 shares of the utilities provider’s stock valued at $5,757,000 after purchasing an additional 3,524 shares in the last quarter. California State Teachers Retirement System lifted its stake in shares of Ameren by 0.7% in the 2nd quarter. California State Teachers Retirement System now owns 429,098 shares of the utilities provider’s stock valued at $32,230,000 after purchasing an additional 3,015 shares in the last quarter. Finally, Machina Capital S.A.S. lifted its stake in shares of Ameren by 88.8% in the 2nd quarter. Machina Capital S.A.S. now owns 9,938 shares of the utilities provider’s stock valued at $746,000 after purchasing an additional 4,673 shares in the last quarter. Institutional investors own 70.89% of the company’s stock.
Several research firms have recently weighed in on AEE. SunTrust Banks reduced their price objective on Ameren from $84.00 to $81.00 and set a “hold” rating on the stock in a research note on Wednesday, October 16th. Bank of America raised Ameren from a “neutral” rating to a “buy” rating in a research note on Tuesday, September 17th. They noted that the move was a valuation call. ValuEngine lowered Ameren from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. UBS Group raised Ameren from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $83.00 to $86.00 in a research note on Tuesday, October 29th. Finally, Morgan Stanley lifted their price objective on Ameren from $78.00 to $82.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 25th. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $78.83.
Ameren (NYSE:AEE) last released its quarterly earnings results on Friday, November 8th. The utilities provider reported $1.47 EPS for the quarter, topping the consensus estimate of $1.46 by $0.01. The firm had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.79 billion. Ameren had a return on equity of 10.31% and a net margin of 13.08%. Ameren’s revenue for the quarter was down 3.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.50 EPS. On average, equities research analysts expect that Ameren Corp will post 3.25 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Wednesday, December 11th will be given a dividend of $0.495 per share. The ex-dividend date of this dividend is Tuesday, December 10th. This is a positive change from Ameren’s previous quarterly dividend of $0.48. This represents a $1.98 annualized dividend and a yield of 2.68%. Ameren’s payout ratio is 56.38%.
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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