Ameren Corp. (NYSE:AEE) – Research analysts at KeyCorp upped their Q3 2016 earnings estimates for Ameren Corp. in a report issued on Monday. KeyCorp analyst P. Ridzon now expects that the firm will post earnings of $1.42 per share for the quarter, up from their previous forecast of $1.35.
Ameren Corp. (NYSE:AEE) last announced its quarterly earnings results on Friday, August 5th. The company reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.09. The business had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.45 billion. Ameren Corp. had a return on equity of 8.83% and a net margin of 10.40%. The business’s quarterly revenue was up 1.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.58 EPS.
Other equities research analysts also recently issued reports about the company. Barclays PLC reaffirmed a “buy” rating and issued a $55.00 price target on shares of Ameren Corp. in a research report on Wednesday, July 6th. Argus reaffirmed a “hold” rating on shares of Ameren Corp. in a research report on Tuesday. Finally, Zacks Investment Research raised Ameren Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, August 9th.
Shares of Ameren Corp. (NYSE:AEE) traded down 0.296% during mid-day trading on Wednesday, hitting $48.765. The stock had a trading volume of 741,877 shares. Ameren Corp. has a one year low of $41.33 and a one year high of $54.08. The stock has a market cap of $11.83 billion, a price-to-earnings ratio of 19.012 and a beta of 0.37. The firm has a 50 day moving average of $49.10 and a 200 day moving average of $49.90.
Large investors have recently added to or reduced their stakes in the company. Farmers & Merchants Investments Inc. increased its stake in Ameren Corp. by 14,795.9% in the third quarter. Farmers & Merchants Investments Inc. now owns 14,598 shares of the company’s stock worth $718,000 after buying an additional 14,500 shares during the period. CHURCHILL MANAGEMENT Corp increased its stake in Ameren Corp. by 8.1% in the third quarter. CHURCHILL MANAGEMENT Corp now owns 408,588 shares of the company’s stock worth $20,094,000 after buying an additional 30,580 shares during the period. Rothschild Investment Corp IL increased its stake in Ameren Corp. by 12.5% in the third quarter. Rothschild Investment Corp IL now owns 17,032 shares of the company’s stock worth $838,000 after buying an additional 1,899 shares during the period. National Pension Service increased its stake in Ameren Corp. by 9.4% in the third quarter. National Pension Service now owns 195,374 shares of the company’s stock worth $9,608,000 after buying an additional 16,856 shares during the period. Finally, Hennessy Advisors Inc. increased its stake in Ameren Corp. by 10.6% in the third quarter. Hennessy Advisors Inc. now owns 181,990 shares of the company’s stock worth $8,950,000 after buying an additional 17,500 shares during the period. 67.52% of the stock is currently owned by institutional investors and hedge funds.
In related news, SVP Bruce A. Steinke sold 3,000 shares of Ameren Corp. 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 sale, the senior vice president now directly owns 24,660 shares of the company’s stock, valued at $1,253,221.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Walter J. Galvin sold 36,989 shares of Ameren Corp. stock in a transaction dated Wednesday, September 7th. The stock was sold at an average price of $49.94, for a total value of $1,847,230.66. The disclosure for this sale can be found here. Corporate insiders own 0.38% of the company’s stock.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 30th. Investors of record on Wednesday, December 7th will be given a dividend of $0.44 per share. The ex-dividend date of this dividend is Monday, December 5th. This is an increase from Ameren Corp.’s previous quarterly dividend of $0.43. This represents a $1.76 dividend on an annualized basis and a yield of 3.60%. Ameren Corp.’s dividend payout ratio (DPR) is 66.15%.
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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