Sciencast Management LP purchased a new stake in shares of Ameren Corp (NYSE:AEE) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 13,960 shares of the utilities provider’s stock, valued at approximately $777,000.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. BlackRock Inc. grew its holdings in Ameren by 0.9% during the 4th quarter. BlackRock Inc. now owns 16,644,375 shares of the utilities provider’s stock valued at $981,851,000 after purchasing an additional 144,146 shares in the last quarter. Wells Fargo & Company MN grew its holdings in Ameren by 12.9% during the 3rd quarter. Wells Fargo & Company MN now owns 4,478,768 shares of the utilities provider’s stock valued at $259,053,000 after purchasing an additional 511,854 shares in the last quarter. APG Asset Management N.V. grew its holdings in Ameren by 27.6% during the 4th quarter. APG Asset Management N.V. now owns 4,419,198 shares of the utilities provider’s stock valued at $217,096,000 after purchasing an additional 956,400 shares in the last quarter. Renaissance Technologies LLC grew its holdings in Ameren by 25.7% during the 4th quarter. Renaissance Technologies LLC now owns 3,180,400 shares of the utilities provider’s stock valued at $187,612,000 after purchasing an additional 650,200 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in Ameren by 2.9% during the 4th quarter. Geode Capital Management LLC now owns 2,572,602 shares of the utilities provider’s stock valued at $151,435,000 after purchasing an additional 72,885 shares in the last quarter. 69.80% of the stock is owned by institutional investors and hedge funds.
In other news, SVP Mark C. Lindgren sold 1,923 shares of Ameren stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $54.28, for a total value of $104,380.44. Following the completion of the transaction, the senior vice president now directly owns 57,557 shares of the company’s stock, valued at approximately $3,124,193.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Martin J. Lyons sold 13,111 shares of Ameren stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $54.52, for a total transaction of $714,811.72. The disclosure for this sale can be found here. Insiders sold a total of 16,986 shares of company stock valued at $925,147 over the last ninety days. Company insiders own 0.38% of the company’s stock.
Ameren Corp (NYSE AEE) opened at $54.09 on Wednesday. The firm has a market cap of $13,201.76, a price-to-earnings ratio of 25.16, a price-to-earnings-growth ratio of 2.60 and a beta of 0.32. The company has a current ratio of 0.55, a quick ratio of 0.37 and a debt-to-equity ratio of 0.97. Ameren Corp has a fifty-two week low of $51.89 and a fifty-two week high of $64.89.
Ameren (NYSE:AEE) last announced its quarterly earnings data on Friday, February 16th. The utilities provider reported $0.39 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.05. The company had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.60 billion. Ameren had a net margin of 8.47% and a return on equity of 9.43%. The firm’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period last year, the business earned $0.13 EPS. sell-side analysts predict that Ameren Corp will post 3.03 earnings per share for the current year.
The firm also recently declared 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 3.38%. The ex-dividend date of this dividend is Tuesday, March 13th. Ameren’s dividend payout ratio (DPR) is presently 85.12%.
Several brokerages have weighed in on AEE. Zacks Investment Research lowered shares of Ameren from a “hold” rating to a “sell” rating in a report on Wednesday, February 7th. UBS Group began coverage on shares of Ameren in a report on Friday, February 2nd. They set a “neutral” rating and a $57.00 price objective for the company. Morgan Stanley set a $53.00 price objective on shares of Ameren and gave the stock a “sell” rating in a report on Tuesday, February 13th. Finally, ValuEngine lowered shares of Ameren from a “buy” rating to a “hold” rating in a report on Monday, December 4th. Two investment 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 company. Ameren presently has a consensus rating of “Hold” and a consensus 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.
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