Ameren (NYSE:AEE) – Investment analysts at KeyCorp issued their Q1 2018 earnings estimates for Ameren in a report released on Wednesday, April 18th. KeyCorp analyst P. Ridzon expects that the utilities provider will post earnings per share of $0.63 for the quarter.
Ameren (NYSE:AEE) last released its quarterly earnings data on Friday, February 16th. The utilities provider reported $0.39 EPS for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.05. The company had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.60 billion. Ameren had a net margin of 8.47% and a return on equity of 9.43%. Ameren’s quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.13 EPS.
A number of other research firms also recently commented on AEE. Zacks Investment Research downgraded shares of Ameren from a “hold” rating to a “sell” rating in a report on Friday, January 5th. UBS upgraded shares of Ameren from a “neutral” rating to a “buy” rating and set a $63.00 price objective for the company in a report on Monday, April 2nd. Morgan Stanley increased their price objective on shares of Ameren from $54.00 to $57.00 and gave the company a “sell” rating in a report on Monday, April 16th. Finally, Gabelli started coverage on shares of Ameren in a report on Tuesday, March 27th. They set a “buy” rating and a $66.00 price target for the company. Two research analysts have rated the stock with a sell rating, five have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. Ameren presently has a consensus rating of “Hold” and a consensus target price of $59.50.
AEE stock opened at $56.27 on Friday. The stock has a market capitalization of $13,793.79, a price-to-earnings ratio of 19.88, a price-to-earnings-growth ratio of 2.71 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 has a 12 month low of $51.89 and a 12 month high of $64.89.
The company also recently declared a quarterly dividend, which was paid on Thursday, March 29th. Stockholders of record on Wednesday, March 14th were issued a dividend of $0.4575 per share. The ex-dividend date was Tuesday, March 13th. This represents a $1.83 dividend on an annualized basis and a dividend yield of 3.25%. Ameren’s dividend payout ratio is currently 64.66%.
In other news, CAO Bruce A. Steinke sold 1,952 shares of the firm’s stock in a transaction that occurred on Thursday, March 1st. The shares were 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 approximately $2,231,993.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Martin J. Lyons sold 13,111 shares of the firm’s stock in a transaction that occurred on Thursday, March 1st. The stock was 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 have sold a total of 16,986 shares of company stock valued at $925,147 in the last 90 days. Insiders own 0.44% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Delpha Capital Management LLC acquired a new stake in shares of Ameren during the 4th quarter worth approximately $106,000. Cerebellum GP LLC acquired a new stake in shares of Ameren during the 4th quarter worth approximately $123,000. Focused Wealth Management Inc acquired a new stake in Ameren in the 4th quarter valued at approximately $165,000. Acropolis Investment Management LLC increased its holdings in Ameren by 101.9% in the 4th quarter. Acropolis Investment Management LLC now owns 3,392 shares of the utilities provider’s stock valued at $200,000 after purchasing an additional 1,712 shares during the last quarter. Finally, Cetera Investment Advisers acquired a new stake in Ameren in the 4th quarter valued at approximately $200,000. Institutional investors and hedge funds own 69.75% of the company’s stock.
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Ameren Corporation operates as a public utility holding company in the United States. It operates through four segments: Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, and Ameren Transmission. The company engages in the rate-regulated electric generation, transmission, and distribution activities; and rate-regulated natural gas distribution and transmission businesses.
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