Cullen Frost Bankers Inc. acquired a new stake in Ameren Corp. (NYSE:AEE) during the second quarter, Holdings Channel reports. The institutional investor acquired 3,943 shares of the company’s stock, valued at approximately $211,000.
A number of other large investors have also added to or reduced their stakes in AEE. Acropolis Investment Management LLC increased its stake in Ameren Corp. by 0.5% in the second quarter. Acropolis Investment Management LLC now owns 2,361 shares of the company’s stock valued at $126,000 after buying an additional 12 shares in the last quarter. V Wealth Management LLC purchased a new position in Ameren Corp. during the second quarter worth approximately $210,000. CIBC World Markets Inc. purchased a new position in Ameren Corp. during the first quarter worth approximately $202,000. Advisor Partners LLC purchased a new position in Ameren Corp. during the first quarter worth approximately $214,000. Finally, ING Groep NV purchased a new position in Ameren Corp. during the first quarter worth approximately $278,000. Institutional investors own 67.56% of the company’s stock.
Ameren Corp. (NYSE:AEE) traded down 0.85% during mid-day trading on Friday, reaching $49.18. 2,012,830 shares of the company traded hands. The company has a market capitalization of $11.93 billion, a P/E ratio of 19.17 and a beta of 0.35. The stock has a 50 day moving average price of $49.98 and a 200-day moving average price of $50.01. Ameren Corp. has a 52-week low of $41.33 and a 52-week high of $54.08.
Ameren Corp. (NYSE:AEE) last released its quarterly earnings data on Friday, August 5th. The company reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.09. Ameren Corp. had a return on equity of 8.83% and a net margin of 10.40%. The firm had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter in the prior year, the company posted $0.58 earnings per share. The firm’s revenue was up 1.9% on a year-over-year basis. Analysts expect that Ameren Corp. will post $2.54 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Thursday, September 8th were issued a $0.425 dividend. The ex-dividend date of this dividend was Tuesday, September 6th. This represents a $1.70 dividend on an annualized basis and a yield of 3.46%. Ameren Corp.’s dividend payout ratio is currently 66.15%.
A number of research firms have recently commented on AEE. Zacks Investment Research cut shares of Ameren Corp. from a “hold” rating to a “sell” rating in a research report on Friday, July 8th. Barclays PLC reissued a “buy” rating and set a $55.00 target price on shares of Ameren Corp. in a research report on Wednesday, July 6th.
In related news, Director Walter J. Galvin sold 36,989 shares of the stock in a transaction that occurred on Wednesday, September 7th. The stock was sold at an average price of $49.94, for a total value of $1,847,230.66. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP Bruce A. Steinke sold 3,000 shares of the stock in a transaction that occurred on Thursday, August 11th. The stock was sold at an average price of $50.82, for a total value of $152,460.00. Following the completion of the transaction, the senior vice president now owns 24,660 shares in the company, valued at approximately $1,253,221.20. The disclosure for this sale can be found here. 0.38% of the stock is owned by corporate insiders.
Ameren Corp. Company Profile
Ameren Corporation (Ameren) is a public utility holding company. Ameren’s primary assets are its equity interests in its subsidiaries, including Union Electric Company (doing business as Ameren Missouri) and Ameren Illinois Company (Ameren Illinois). Ameren operates through two segments: Ameren Missouri and Ameren Illinois.
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