Financial Counselors Inc. trimmed its stake in Ameren Corporation (NYSE:AEE) by 1.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,172 shares of the utilities provider’s stock after selling 314 shares during the period. Financial Counselors Inc.’s holdings in Ameren Corporation were worth $1,376,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Baillie Gifford & Co. increased its holdings in Ameren Corporation by 7.8% in the second quarter. Baillie Gifford & Co. now owns 262,267 shares of the utilities provider’s stock valued at $14,338,000 after purchasing an additional 19,000 shares during the period. Martingale Asset Management L P grew its holdings in Ameren Corporation by 3.1% during the 2nd quarter. Martingale Asset Management L P now owns 419,964 shares of the utilities provider’s stock worth $22,961,000 after acquiring an additional 12,823 shares during the period. Alliancebernstein L.P. grew its holdings in Ameren Corporation by 3.0% during the 2nd quarter. Alliancebernstein L.P. now owns 583,059 shares of the utilities provider’s stock worth $31,876,000 after acquiring an additional 17,064 shares during the period. Aberdeen Asset Management PLC UK grew its holdings in Ameren Corporation by 26.5% during the 2nd quarter. Aberdeen Asset Management PLC UK now owns 87,858 shares of the utilities provider’s stock worth $4,803,000 after acquiring an additional 18,432 shares during the period. Finally, AXA grew its holdings in Ameren Corporation by 608.4% during the 2nd quarter. AXA now owns 102,813 shares of the utilities provider’s stock worth $5,621,000 after acquiring an additional 88,300 shares during the period. Institutional investors and hedge funds own 69.82% of the company’s stock.
Shares of Ameren Corporation (NYSE AEE) opened at 60.91 on Tuesday. The firm’s 50-day moving average price is $58.54 and its 200-day moving average price is $56.06. The firm has a market capitalization of $14.78 billion, a P/E ratio of 21.32 and a beta of 0.37. Ameren Corporation has a one year low of $46.84 and a one year high of $60.91.
Ameren Corporation (NYSE:AEE) last released its quarterly earnings data on Friday, August 4th. The utilities provider reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.10. Ameren Corporation had a net margin of 11.11% and a return on equity of 9.57%. The firm had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.42 billion. During the same quarter in the previous year, the company earned $0.61 earnings per share. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. On average, equities analysts forecast that Ameren Corporation will post $2.80 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Wednesday, September 13th will be given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.89%. The ex-dividend date of this dividend is Tuesday, September 12th. Ameren Corporation’s payout ratio is 61.54%.
A number of analysts have weighed in on AEE shares. Zacks Investment Research downgraded Ameren Corporation from a “buy” rating to a “hold” rating in a report on Monday. Barclays PLC downgraded Ameren Corporation from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $60.00 to $58.00 in a report on Thursday, May 25th. Goldman Sachs Group, Inc. (The) downgraded Ameren Corporation from a “neutral” rating to a “sell” rating and set a $51.00 price target for the company. in a report on Monday, June 26th. Morgan Stanley reiterated an “equal weight” rating on shares of Ameren Corporation in a report on Friday. Finally, BidaskClub upgraded Ameren Corporation from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 26th. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $55.20.
Ameren Corporation 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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