Ameren (AEE) Issues Earnings Results

Ameren (NYSE:AEE) issued its quarterly earnings results on Friday, February 16th. The utilities provider reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.05, Bloomberg Earnings reports. Ameren had a return on equity of 9.43% and a net margin of 8.47%. The firm had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.60 billion. During the same period last year, the company earned $0.13 earnings per share. The company’s revenue was up 3.4% on a year-over-year basis. Ameren updated its FY18 guidance to $2.95-3.15 EPS.

Ameren (AEE) traded up $1.78 during mid-day trading on Friday, hitting $56.35. The stock had a trading volume of 1,990,000 shares, compared to its average volume of 1,970,000. The stock has a market cap of $13,670.00, a PE ratio of 26.21, a P/E/G ratio of 2.61 and a beta of 0.28. Ameren has a 12-month low of $51.89 and a 12-month high of $64.89. The company has a current ratio of 0.55, a quick ratio of 0.37 and a debt-to-equity ratio of 0.97.

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

A number of institutional investors and hedge funds have recently modified their holdings of AEE. FMR LLC raised its stake in Ameren by 0.4% during the 2nd quarter. FMR LLC now owns 212,312 shares of the utilities provider’s stock valued at $11,608,000 after purchasing an additional 919 shares during the period. Dimensional Fund Advisors LP raised its stake in Ameren by 1.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 564,373 shares of the utilities provider’s stock valued at $30,855,000 after purchasing an additional 7,577 shares during the period. Raymond James Financial Services Advisors Inc. raised its stake in Ameren by 4.1% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 21,074 shares of the utilities provider’s stock valued at $1,152,000 after purchasing an additional 835 shares during the period. Toronto Dominion Bank raised its stake in Ameren by 25.5% during the 2nd quarter. Toronto Dominion Bank now owns 82,194 shares of the utilities provider’s stock valued at $4,493,000 after purchasing an additional 16,717 shares during the period. Finally, Sentry Investment Management LLC raised its stake in Ameren by 1.1% during the 2nd quarter. Sentry Investment Management LLC now owns 19,094 shares of the utilities provider’s stock valued at $1,044,000 after purchasing an additional 199 shares during the period. 69.68% of the stock is currently owned by institutional investors.

AEE has been the topic of several recent analyst reports. Morgan Stanley cut Ameren from an “equal weight” rating to an “underweight” rating and set a $61.00 price objective on the stock. in a research report on Wednesday, December 13th. Zacks Investment Research raised Ameren from a “strong sell” rating to a “hold” rating in a research report on Monday, January 15th. ValuEngine cut Ameren from a “buy” rating to a “hold” rating in a research report on Monday, December 4th. Finally, UBS Group started coverage on Ameren in a research report on Friday, February 2nd. They issued a “neutral” rating and a $57.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $56.20.

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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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