Alliancebernstein L.P. grew its position in Ameren Corp (NYSE:AEE) by 0.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 608,340 shares of the utilities provider’s stock after buying an additional 1,430 shares during the quarter. Alliancebernstein L.P. owned 0.25% of Ameren worth $35,886,000 at the end of the most recent reporting period.
Several other hedge funds have also recently modified their holdings of the business. BlackRock Inc. lifted its holdings in shares of Ameren by 0.9% in the 4th quarter. BlackRock Inc. now owns 16,644,375 shares of the utilities provider’s stock worth $981,851,000 after buying an additional 144,146 shares during the period. Wells Fargo & Company MN lifted its stake in shares of Ameren by 12.9% during the 3rd quarter. Wells Fargo & Company MN now owns 4,478,768 shares of the utilities provider’s stock worth $259,053,000 after purchasing an additional 511,854 shares during the last quarter. APG Asset Management N.V. lifted its stake in shares of 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 worth $217,096,000 after purchasing an additional 956,400 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Ameren by 2.9% during the 4th quarter. Geode Capital Management LLC now owns 2,572,602 shares of the utilities provider’s stock worth $151,435,000 after purchasing an additional 72,885 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its stake in shares of Ameren by 15.1% during the 3rd quarter. Janus Henderson Group PLC now owns 2,244,596 shares of the utilities provider’s stock worth $129,828,000 after purchasing an additional 293,658 shares during the last quarter. Institutional investors and hedge funds own 69.77% of the company’s stock.
NYSE:AEE traded down $0.31 during mid-day trading on Friday, hitting $57.13. 2,826,107 shares of the company’s stock traded hands, compared to its average volume of 1,679,003. Ameren Corp has a twelve month low of $51.89 and a twelve month high of $64.89. The firm has a market capitalization of $13,861.74, a P/E ratio of 20.19, a P/E/G ratio of 2.73 and a beta of 0.26. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.55 and a quick ratio of 0.37.
Ameren (NYSE:AEE) last announced its earnings results on Friday, February 16th. The utilities provider reported $0.39 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.05. Ameren had a return on equity of 9.43% and a net margin of 8.47%. The company had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.60 billion. During the same period in the prior year, the company posted $0.13 EPS. The firm’s quarterly revenue was up 3.4% compared to the same quarter last year. analysts expect that Ameren Corp will post 3.02 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 29th. Investors of record on Wednesday, March 14th were given a dividend of $0.4575 per share. This represents a $1.83 annualized dividend and a yield of 3.20%. The ex-dividend date was Tuesday, March 13th. Ameren’s dividend payout ratio is currently 64.66%.
A number of brokerages recently weighed in on AEE. Morgan Stanley cut Ameren from an “equal weight” rating to an “underweight” rating and set a $61.00 price objective for the company. in a research note on Wednesday, December 13th. Zacks Investment Research cut Ameren from a “hold” rating to a “sell” rating in a research note on Friday, January 5th. UBS upgraded Ameren from a “neutral” rating to a “buy” rating and set a $63.00 price objective for the company in a research note on Monday, April 2nd. Finally, Gabelli began coverage on Ameren in a research note on Tuesday, March 27th. They set a “buy” rating and a $66.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $58.83.
In related news, SVP Mark C. Lindgren sold 1,923 shares of the company’s stock in a transaction dated Thursday, March 1st. The stock was sold at an average price of $54.28, for a total transaction of $104,380.44. Following 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Bruce A. Steinke sold 1,952 shares of the stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $54.28, for a total value of $105,954.56. Following the completion of the transaction, the chief accounting officer now directly owns 41,120 shares in the company, valued at $2,231,993.60. The disclosure for this sale can be found here. Insiders have sold a total of 16,986 shares of company stock worth $925,147 over the last ninety days. 0.44% of the stock is currently owned by corporate insiders.
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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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