Metropolitan Life Insurance Co NY boosted its stake in shares of Ameren Corp (NYSE:AEE) by 0.5% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 36,517 shares of the utilities provider’s stock after purchasing an additional 177 shares during the period. Metropolitan Life Insurance Co NY’s holdings in Ameren were worth $2,923,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently bought and sold shares of AEE. Millennium Management LLC grew its position in Ameren by 1,224.6% during the third quarter. Millennium Management LLC now owns 3,369,083 shares of the utilities provider’s stock valued at $269,695,000 after buying an additional 3,114,736 shares during the period. Nuveen Asset Management LLC lifted its holdings in Ameren by 296.6% during the second quarter. Nuveen Asset Management LLC now owns 1,754,169 shares of the utilities provider’s stock valued at $131,755,000 after purchasing an additional 1,311,894 shares during the last quarter. Pictet Asset Management Ltd. lifted its holdings in Ameren by 44.1% during the third quarter. Pictet Asset Management Ltd. now owns 3,099,013 shares of the utilities provider’s stock valued at $248,076,000 after purchasing an additional 948,038 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Ameren by 2.1% during the second quarter. Vanguard Group Inc. now owns 30,022,835 shares of the utilities provider’s stock valued at $2,255,015,000 after purchasing an additional 624,618 shares during the last quarter. Finally, Point72 Asset Management L.P. lifted its holdings in Ameren by 1,273.7% during the third quarter. Point72 Asset Management L.P. now owns 407,979 shares of the utilities provider’s stock valued at $32,659,000 after purchasing an additional 378,279 shares during the last quarter. Institutional investors own 75.34% of the company’s stock.
Several equities research analysts have commented on AEE shares. Wolfe Research raised shares of Ameren from a “market perform” rating to an “outperform” rating and set a $80.00 price objective on the stock in a report on Thursday, September 12th. UBS Group raised shares of Ameren from a “neutral” rating to a “buy” rating and upped their price objective for the company from $83.00 to $86.00 in a report on Tuesday, October 29th. ValuEngine downgraded shares of Ameren from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Morgan Stanley upped their price objective on shares of Ameren from $78.00 to $82.00 and gave the company an “equal weight” rating in a report on Wednesday, September 25th. Finally, SunTrust Banks dropped their price objective on shares of Ameren from $84.00 to $81.00 and set a “hold” rating on the stock in a report on Wednesday, October 16th. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $81.20.
Ameren (NYSE:AEE) last announced its quarterly earnings results on Friday, November 8th. The utilities provider reported $1.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.46 by $0.01. Ameren had a net margin of 13.34% and a return on equity of 10.10%. The firm had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.79 billion. During the same period in the prior year, the firm posted $1.50 earnings per share. The company’s revenue for the quarter was down 3.8% on a year-over-year basis. On average, sell-side analysts predict that Ameren Corp will post 3.27 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Wednesday, December 11th will be paid a $0.495 dividend. This is an increase from Ameren’s previous quarterly dividend of $0.48. This represents a $1.98 dividend on an annualized basis and a yield of 2.66%. The ex-dividend date of this dividend is Tuesday, December 10th. Ameren’s dividend payout ratio (DPR) is currently 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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