Rothschild Investment Corp IL held its stake in shares of Ameren Corp (NYSE:AEE) during the first quarter, Holdings Channel reports. The institutional investor owned 17,032 shares of the utilities provider’s stock at the end of the first quarter. Rothschild Investment Corp IL’s holdings in Ameren Corp were worth $930,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. Bank of Montreal Can raised its stake in shares of Ameren Corp by 43.1% in the first quarter. Bank of Montreal Can now owns 5,511,317 shares of the utilities provider’s stock worth $300,863,000 after buying an additional 1,659,459 shares during the period. The Manufacturers Life Insurance Company acquired a new stake in shares of Ameren Corp during the third quarter worth $37,252,000. Asset Management One Co. Ltd. raised its stake in shares of Ameren Corp by 2,118.8% in the fourth quarter. Asset Management One Co. Ltd. now owns 511,026 shares of the utilities provider’s stock worth $26,815,000 after buying an additional 487,994 shares during the period. Renaissance Technologies LLC raised its stake in shares of Ameren Corp by 35.6% in the fourth quarter. Renaissance Technologies LLC now owns 1,727,600 shares of the utilities provider’s stock worth $90,630,000 after buying an additional 453,400 shares during the period. Finally, Wells Fargo & Company MN raised its stake in shares of Ameren Corp by 19.2% in the third quarter. Wells Fargo & Company MN now owns 2,640,982 shares of the utilities provider’s stock worth $129,884,000 after buying an additional 424,742 shares during the period. Institutional investors own 69.75% of the company’s stock.
Ameren Corp (NYSE:AEE) traded up 1.01% during trading on Friday, reaching $55.09. The company had a trading volume of 807,733 shares. The firm’s 50 day moving average price is $54.92 and its 200 day moving average price is $51.85. The firm has a market capitalization of $13.37 billion, a PE ratio of 20.56 and a beta of 0.36. Ameren Corp has a 12-month low of $46.30 and a 12-month high of $56.57.
Ameren Corp (NYSE:AEE) last announced its earnings results on Thursday, February 16th. The utilities provider reported $0.13 EPS for the quarter, missing the consensus estimate of $0.15 by $0.02. Ameren Corp had a net margin of 10.78% and a return on equity of 9.14%. The business had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.57 billion. During the same quarter in the previous year, the company earned $0.12 EPS. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis. Analysts anticipate that Ameren Corp will post $2.77 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, March 31st. Shareholders of record on Tuesday, March 14th were issued a $0.44 dividend. The ex-dividend date of this dividend was Friday, March 10th. This represents a $1.76 annualized dividend and a yield of 3.23%. Ameren Corp’s payout ratio is currently 65.67%.
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AEE has been the subject of a number of research reports. Barclays PLC raised their target price on Ameren Corp to $56.00 and gave the company a “buy” rating in a research note on Friday, January 20th. Zacks Investment Research lowered Ameren Corp from a “buy” rating to a “hold” rating in a research note on Monday, February 13th.
In other Ameren Corp news, SVP Mark C. Lindgren sold 1,024 shares of the stock in a transaction that occurred on Wednesday, March 1st. The stock was sold at an average price of $54.24, for a total value of $55,541.76. Following the transaction, the senior vice president now owns 21,748 shares in the company, valued at $1,179,611.52. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Martin J. Lyons sold 1,320 shares of the stock in a transaction that occurred on Wednesday, March 1st. The stock was sold at an average price of $54.32, for a total value of $71,702.40. Following the completion of the transaction, the vice president now owns 103,303 shares in the company, valued at approximately $5,611,418.96. The disclosure for this sale can be found here. 0.38% of the stock is currently owned by corporate insiders.
Ameren Corp Company Profile
Ameren Corporation is a utility holding company. The Company’s subsidiaries include Ameren Missouri, Ameren Illinois and Ameren Transmission Company (ATXI). It operates through four segments. The Ameren Missouri segment includes all of the operations of Ameren Missouri. The Ameren Illinois Electric Distribution segment consists of the electric distribution business of Ameren Illinois.
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