State Street Corp cut its stake in Ameren Corporation (NYSE:AEE) by 2.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,412,696 shares of the utilities provider’s stock after selling 315,963 shares during the period. State Street Corp owned 5.12% of Ameren Corporation worth $678,603,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Acropolis Investment Management LLC raised its holdings in Ameren Corporation by 0.5% in the second quarter. Acropolis Investment Management LLC now owns 2,406 shares of the utilities provider’s stock valued at $132,000 after acquiring an additional 11 shares in the last quarter. Conning Inc. raised its holdings in Ameren Corporation by 0.3% in the second quarter. Conning Inc. now owns 6,455 shares of the utilities provider’s stock valued at $353,000 after acquiring an additional 20 shares in the last quarter. Cleararc Capital Inc. raised its holdings in Ameren Corporation by 0.5% in the first quarter. Cleararc Capital Inc. now owns 5,944 shares of the utilities provider’s stock valued at $324,000 after acquiring an additional 31 shares in the last quarter. ING Groep NV raised its holdings in Ameren Corporation by 0.4% in the second quarter. ING Groep NV now owns 12,426 shares of the utilities provider’s stock valued at $679,000 after acquiring an additional 45 shares in the last quarter. Finally, Veritable L.P. raised its holdings in Ameren Corporation by 0.3% in the second quarter. Veritable L.P. now owns 18,393 shares of the utilities provider’s stock valued at $1,006,000 after acquiring an additional 52 shares in the last quarter. 69.80% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts recently issued reports on AEE shares. Zacks Investment Research cut shares of Ameren Corporation from a “buy” rating to a “hold” rating in a report on Monday, September 11th. Goldman Sachs Group, Inc. (The) cut shares of Ameren Corporation from a “neutral” rating to a “sell” rating and set a $51.00 price target on the stock. in a report on Monday, June 26th. Morgan Stanley reaffirmed an “equal weight” rating on shares of Ameren Corporation in a report on Friday, September 8th. Finally, BidaskClub raised shares of Ameren Corporation from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 26th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a strong buy rating to the company. Ameren Corporation presently has an average rating of “Hold” and an average price target of $54.50.
Shares of Ameren Corporation (NYSE AEE) opened at 60.06 on Wednesday. The company has a market cap of $14.57 billion, a price-to-earnings ratio of 21.02 and a beta of 0.36. The firm’s 50-day moving average is $59.39 and its 200 day moving average is $56.71. Ameren Corporation has a 1-year low of $46.84 and a 1-year high of $60.91.
Ameren Corporation (NYSE:AEE) last issued its earnings results on Friday, August 4th. The utilities provider reported $0.79 EPS for the quarter, topping the consensus estimate of $0.69 by $0.10. The firm had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.42 billion. Ameren Corporation had a return on equity of 9.57% and a net margin of 11.11%. Ameren Corporation’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period last year, the business earned $0.61 earnings per share. Equities analysts expect that Ameren Corporation will post $2.80 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Wednesday, September 13th were given a $0.44 dividend. The ex-dividend date of this dividend was Tuesday, September 12th. This represents a $1.76 annualized dividend and a yield of 2.94%. Ameren Corporation’s dividend payout ratio (DPR) is currently 61.54%.
Ameren Corporation Company Profile
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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