Ameren Corp. (NYSE:AEE) announced a quarterly dividend on Friday, October 14th. Investors of record on Wednesday, December 7th will be given a dividend of 0.44 per share on Friday, December 30th. This represents a $1.76 dividend on an annualized basis and a yield of 3.66%. This is an increase from Ameren Corp.’s previous quarterly dividend of $0.43.
Shares of Ameren Corp. (NYSE:AEE) opened at 48.03 on Monday. The firm has a market capitalization of $11.65 billion, a P/E ratio of 18.73 and a beta of 0.37. The company’s 50-day moving average price is $49.16 and its 200-day moving average price is $49.92. Ameren Corp. has a 52-week low of $41.33 and a 52-week high of $54.08.
Ameren Corp. (NYSE:AEE) last announced its earnings results on Friday, August 5th. The company reported $0.61 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.09. The firm earned $1.43 billion during the quarter, compared to analyst estimates of $1.45 billion. Ameren Corp. had a net margin of 10.40% and a return on equity of 8.83%. The company’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.58 EPS. On average, equities research analysts expect that Ameren Corp. will post $2.54 EPS for the current fiscal year.
A number of brokerages recently weighed in on AEE. Zacks Investment Research raised shares of Ameren Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, August 9th. Barclays PLC reaffirmed a “buy” rating and issued a $55.00 target price on shares of Ameren Corp. in a research note on Wednesday, July 6th.
In other news, Director Walter J. Galvin sold 36,989 shares of the stock in a transaction dated Wednesday, September 7th. The shares were sold at an average price of $49.94, for a total transaction of $1,847,230.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Bruce A. Steinke sold 3,000 shares of the stock in a transaction dated Thursday, August 11th. The stock was sold at an average price of $50.82, for a total transaction of $152,460.00. Following the transaction, the senior vice president now owns 24,660 shares of the company’s stock, valued at $1,253,221.20. The disclosure for this sale can be found here. Insiders own 0.38% of the company’s stock.
Several institutional investors have recently bought and sold shares of AEE. Johnson Investment Counsel Inc. purchased a new stake in shares of Ameren Corp. during the second quarter worth about $211,000. Advisor Partners LLC boosted its stake in shares of Ameren Corp. by 2.0% in the second quarter. Advisor Partners LLC now owns 4,359 shares of the company’s stock worth $234,000 after buying an additional 85 shares during the last quarter. Mackenzie Financial Corp boosted its stake in shares of Ameren Corp. by 0.4% in the second quarter. Mackenzie Financial Corp now owns 4,606 shares of the company’s stock worth $247,000 after buying an additional 18 shares during the last quarter. Ameritas Investment Partners Inc. boosted its stake in shares of Ameren Corp. by 7.2% in the second quarter. Ameritas Investment Partners Inc. now owns 4,797 shares of the company’s stock worth $257,000 after buying an additional 321 shares during the last quarter. Finally, Bank of Nova Scotia boosted its stake in shares of Ameren Corp. by 6.6% in the second quarter. Bank of Nova Scotia now owns 4,829 shares of the company’s stock worth $259,000 after buying an additional 300 shares during the last quarter. Institutional investors own 67.56% of the company’s stock.
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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