Municipal Employees Retirement System of Michigan boosted its stake in Ameren Corp (NYSE:AEE) by 24.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,830 shares of the utilities provider’s stock after buying an additional 5,690 shares during the quarter. Municipal Employees Retirement System of Michigan’s holdings in Ameren were worth $1,701,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Delpha Capital Management LLC acquired a new stake in Ameren in the 4th quarter valued at $106,000. Cerebellum GP LLC acquired a new stake in Ameren in the 4th quarter valued at $123,000. Focused Wealth Management Inc acquired a new position in Ameren in the fourth quarter worth $165,000. Cetera Investment Advisers acquired a new position in Ameren in the fourth quarter worth $200,000. Finally, Acropolis Investment Management LLC boosted its stake in Ameren by 101.9% in the fourth quarter. Acropolis Investment Management LLC now owns 3,392 shares of the utilities provider’s stock worth $200,000 after purchasing an additional 1,712 shares in the last quarter. 69.80% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts have commented on AEE shares. ValuEngine lowered Ameren from a “buy” rating to a “hold” rating in a research note on Monday, December 4th. Morgan Stanley lowered Ameren from an “equal weight” rating to an “underweight” rating and set a $61.00 price objective on the stock. in a research note on Wednesday, December 13th. Zacks Investment Research lowered Ameren from a “hold” rating to a “sell” rating in a research note on Friday, January 5th. Finally, UBS started coverage on Ameren in a research note on Friday, February 2nd. They issued a “neutral” rating and a $57.00 price objective on the stock. Two analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a strong buy rating to the company. Ameren currently has an average rating of “Hold” and an average target price of $56.20.
In other news, CAO Bruce A. Steinke sold 1,952 shares of the business’s stock in a transaction on Thursday, March 1st. The stock was sold at an average price of $54.28, for a total transaction of $105,954.56. Following the completion of the sale, the chief accounting officer now owns 41,120 shares in the company, valued at $2,231,993.60. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Martin J. Lyons sold 13,111 shares of the business’s stock in a transaction on Thursday, March 1st. The stock was sold at an average price of $54.52, for a total value of $714,811.72. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 16,986 shares of company stock valued at $925,147. 0.38% of the stock is currently owned by corporate insiders.
Ameren Corp (NYSE:AEE) opened at $55.49 on Friday. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.55 and a quick ratio of 0.37. The company has a market capitalization of $13,463.82, a price-to-earnings ratio of 25.81, a price-to-earnings-growth ratio of 2.65 and a beta of 0.32. Ameren Corp has a one year low of $51.89 and a one year high of $64.89.
Ameren (NYSE:AEE) last posted its quarterly earnings data on Friday, February 16th. The utilities provider reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.05. The company had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.60 billion. Ameren had a negative return on equity of 3.31% and a negative net margin of 4.21%. The business’s revenue was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.13 earnings per share. sell-side analysts expect that Ameren Corp will post 3.03 EPS for the current year.
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 given a dividend of $0.4575 per share. The ex-dividend date is Tuesday, March 13th. This represents a $1.83 dividend on an annualized basis and a dividend yield of 3.30%. Ameren’s payout ratio is currently 85.12%.
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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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