Balyasny Asset Management LLC lessened its position in shares of Ameren Corporation (NYSE:AEE) by 98.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,289 shares of the utilities provider’s stock after selling 653,408 shares during the quarter. Balyasny Asset Management LLC’s holdings in Ameren Corporation were worth $562,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Bessemer Group Inc. bought a new stake in shares of Ameren Corporation in the 2nd quarter valued at approximately $111,000. Acropolis Investment Management LLC lifted its stake in shares of Ameren Corporation by 0.5% in the 2nd quarter. Acropolis Investment Management LLC now owns 2,406 shares of the utilities provider’s stock valued at $132,000 after purchasing an additional 11 shares during the last quarter. Benjamin F. Edwards & Company Inc. lifted its stake in shares of Ameren Corporation by 2.4% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 2,408 shares of the utilities provider’s stock valued at $132,000 after purchasing an additional 56 shares during the last quarter. V Wealth Management LLC bought a new stake in shares of Ameren Corporation in the 2nd quarter valued at approximately $138,000. Finally, Tower Research Capital LLC TRC lifted its stake in shares of Ameren Corporation by 367.3% during the 1st quarter. Tower Research Capital LLC TRC now owns 2,612 shares of the utilities provider’s stock worth $143,000 after acquiring an additional 2,053 shares during the last quarter. Institutional investors and hedge funds own 69.81% of the company’s stock.
Ameren Corporation (NYSE AEE) traded up 0.07% during mid-day trading on Friday, reaching $61.42. The company’s stock had a trading volume of 45,591 shares. The stock’s 50 day moving average is $59.65 and its 200 day moving average is $57.18. Ameren Corporation has a one year low of $46.97 and a one year high of $61.82. The firm has a market cap of $14.90 billion, a PE ratio of 21.50 and a beta of 0.36.
Ameren Corporation (NYSE:AEE) last posted its quarterly earnings results on Friday, August 4th. The utilities provider reported $0.79 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.10. Ameren Corporation had a net margin of 11.11% and a return on equity of 9.57%. The company had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.42 billion. During the same period last year, the firm earned $0.61 EPS. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. On average, analysts anticipate that Ameren Corporation will post $2.80 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Wednesday, December 13th will be given a dividend of $0.4575 per share. This represents a $1.83 dividend on an annualized basis and a dividend yield of 2.98%. This is an increase from Ameren Corporation’s previous quarterly dividend of $0.44. The ex-dividend date is Tuesday, December 12th. Ameren Corporation’s dividend payout ratio (DPR) is presently 61.54%.
AEE has been the subject of a number of research analyst reports. BidaskClub lowered Ameren Corporation from a “hold” rating to a “sell” rating in a research note on Saturday, July 1st. Morgan Stanley reaffirmed an “overweight” rating on shares of Ameren Corporation in a research report on Monday, July 10th. Zacks Investment Research lowered Ameren Corporation from a “buy” rating to a “hold” rating in a research report on Monday, September 11th. KeyCorp reiterated a “hold” rating on shares of Ameren Corporation in a report on Friday, October 20th. Finally, Bank of America Corporation initiated coverage on Ameren Corporation in a report on Tuesday. They issued a “neutral” rating and a $62.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a strong buy rating to the stock. Ameren Corporation presently has a consensus rating of “Hold” and a consensus target price of $56.00.
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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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