Symmetry Partners LLC bought a new position in shares of Ameren Corp (NYSE:AEE) during the third quarter, HoldingsChannel reports. The firm bought 6,697 shares of the utilities provider’s stock, valued at approximately $536,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in AEE. Northwest Investment Counselors LLC acquired a new position in shares of Ameren during the 3rd quarter valued at $31,000. SRS Capital Advisors Inc. acquired a new position in shares of Ameren in the 2nd quarter worth $57,000. Kavar Capital Partners LLC purchased a new position in shares of Ameren during the second quarter valued at $84,000. Altshuler Shaham Ltd grew its holdings in shares of Ameren by 102.2% during the second quarter. Altshuler Shaham Ltd now owns 1,219 shares of the utilities provider’s stock valued at $92,000 after buying an additional 616 shares in the last quarter. Finally, Bartlett & Co. LLC grew its holdings in shares of Ameren by 94.1% during the third quarter. Bartlett & Co. LLC now owns 1,250 shares of the utilities provider’s stock valued at $100,000 after buying an additional 606 shares in the last quarter. 70.89% of the stock is currently owned by institutional investors and hedge funds.
Several equities research analysts recently weighed in on the stock. Argus upgraded shares of Ameren from a “hold” rating to a “buy” rating in a research report on Thursday, July 25th. SunTrust Banks cut their price objective on shares of Ameren from $84.00 to $81.00 and set a “hold” rating on the stock in a research report on Wednesday, October 16th. Bank of America upgraded shares of Ameren from a “neutral” rating to a “buy” rating in a research report on Tuesday, September 17th. They noted that the move was a valuation call. Wolfe Research upgraded shares of Ameren from a “market perform” rating to an “outperform” rating and set a $80.00 price target on the stock in a report on Thursday, September 12th. Finally, Morgan Stanley upped their price target on shares of Ameren from $78.00 to $82.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 25th. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Ameren currently has an average rating of “Hold” and an average target price of $78.83.
NYSE:AEE traded down $0.79 during mid-day trading on Friday, reaching $73.84. The company’s stock had a trading volume of 1,774,134 shares, compared to its average volume of 1,447,325. Ameren Corp has a 1 year low of $62.51 and a 1 year high of $80.85. The stock has a fifty day moving average of $77.67 and a 200-day moving average of $75.97. The firm has a market capitalization of $18.43 billion, a PE ratio of 21.91, a price-to-earnings-growth ratio of 3.59 and a beta of 0.19. The company has a quick ratio of 0.39, a current ratio of 0.55 and a debt-to-equity ratio of 1.04.
Ameren (NYSE:AEE) last released its quarterly earnings results on Friday, November 8th. The utilities provider reported $1.47 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.43 by $0.04. The business had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.79 billion. Ameren had a net margin of 13.08% and a return on equity of 10.31%. The company’s quarterly revenue was down 3.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.50 earnings per share. On average, analysts expect that Ameren Corp will post 3.25 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Wednesday, December 11th will be given a dividend of $0.495 per share. This represents a $1.98 annualized dividend and a dividend yield of 2.68%. This is a positive change from Ameren’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Tuesday, December 10th. Ameren’s dividend payout ratio is presently 56.38%.
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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