Ameren (AEE) Posts Earnings Results, Beats Expectations By $0.05 EPS

Ameren (NYSE:AEE) released its earnings results on Friday. The utilities provider reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.05, Bloomberg Earnings reports. The company had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.60 billion. Ameren had a return on equity of 8.61% and a net margin of 10.03%. The firm’s quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.13 earnings per share. Ameren updated its FY18 guidance to $2.95-3.15 EPS.

Shares of Ameren (NYSE:AEE) opened at $56.32 on Friday. The company has a market capitalization of $13,670.00, a PE ratio of 26.20, a P/E/G ratio of 2.63 and a beta of 0.28. The company has a quick ratio of 0.40, a current ratio of 0.61 and a debt-to-equity ratio of 0.92. Ameren has a fifty-two week low of $51.89 and a fifty-two week high of $64.89.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Wednesday, March 14th will be issued a $0.4575 dividend. The ex-dividend date is Tuesday, March 13th. This represents a $1.83 dividend on an annualized basis and a yield of 3.25%. Ameren’s dividend payout ratio is presently 85.12%.

AEE has been the subject of a number of recent research reports. Zacks Investment Research upgraded Ameren from a “strong sell” rating to a “hold” rating in a research report on Monday, January 15th. Morgan Stanley downgraded Ameren from an “equal weight” rating to an “underweight” rating and set a $61.00 target price for the company. in a research report on Wednesday, December 13th. ValuEngine downgraded Ameren from a “buy” rating to a “hold” rating in a research report on Monday, December 4th. KeyCorp restated a “hold” rating on shares of Ameren in a research report on Friday, October 20th. Finally, Bank of America started coverage on Ameren in a research report on Tuesday, October 24th. They set a “neutral” rating and a $62.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a strong buy rating to the stock. Ameren currently has a consensus rating of “Hold” and a consensus target price of $56.20.

In related news, SVP Gregory L. Nelson sold 12,000 shares of the company’s stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $62.68, for a total value of $752,160.00. Following the completion of the sale, the senior vice president now owns 36,785 shares in the company, valued at $2,305,683.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.38% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AEE. Delpha Capital Management LLC bought a new stake in Ameren in the fourth quarter valued at about $106,000. Moisand Fitzgerald Tamayo LLC bought a new stake in Ameren in the third quarter valued at about $116,000. Cable Hill Partners LLC increased its holdings in Ameren by 400.2% in the third quarter. Cable Hill Partners LLC now owns 2,031 shares of the utilities provider’s stock valued at $117,000 after purchasing an additional 1,625 shares during the last quarter. Cerebellum GP LLC bought a new stake in Ameren in the fourth quarter valued at about $123,000. Finally, Focused Wealth Management Inc bought a new stake in Ameren in the fourth quarter valued at about $165,000. Institutional investors and hedge funds own 69.99% of the company’s stock.

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Ameren 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.

Earnings History for Ameren (NYSE:AEE)

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