Ameren (NYSE:AEE) announced its quarterly earnings results on Friday. The utilities provider reported $0.39 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate 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%. Ameren’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.13 EPS. Ameren updated its FY18 guidance to $2.95-3.15 EPS.
Shares of Ameren (NYSE:AEE) opened at $56.32 on Friday. Ameren has a fifty-two week low of $51.89 and a fifty-two week high of $64.89. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.61 and a quick ratio of 0.40. The firm has a market capitalization of $13,665.20, a PE ratio of 26.20, a PEG ratio of 2.63 and a beta of 0.28.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Wednesday, March 14th will be issued a $0.4575 dividend. This represents a $1.83 annualized dividend and a dividend yield of 3.25%. The ex-dividend date of this dividend is Tuesday, March 13th. Ameren’s payout ratio is currently 85.12%.
A number of analysts have issued reports on AEE shares. Bank of America started coverage on Ameren in a report on Tuesday, October 24th. They set a “neutral” rating and a $62.00 price target for the company. Morgan Stanley downgraded Ameren from an “equal weight” rating to an “underweight” rating and set a $61.00 price target for the company. in a report on Wednesday, December 13th. Zacks Investment Research raised Ameren from a “strong sell” rating to a “hold” rating in a report on Monday, January 15th. ValuEngine downgraded Ameren from a “buy” rating to a “hold” rating in a report on Monday, December 4th. Finally, UBS Group started coverage on Ameren in a report on Friday, February 2nd. They set a “neutral” rating and a $57.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $56.20.
In other news, SVP Gregory L. Nelson sold 12,000 shares of the business’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 directly owns 36,785 shares of the company’s stock, valued at approximately $2,305,683.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.38% of the stock is currently owned by insiders.
Several institutional investors have recently bought and sold shares of AEE. FMR LLC lifted its holdings in shares of Ameren by 0.4% in 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 last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Ameren by 1.4% in 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 last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Ameren by 4.1% in 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 last quarter. Toronto Dominion Bank lifted its holdings in shares of Ameren by 25.5% in 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 last quarter. Finally, Sentry Investment Management LLC lifted its holdings in shares of Ameren by 1.1% in 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 last quarter. 69.99% of the stock is owned by institutional investors and hedge funds.
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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.
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