Empire Life Investments Inc. raised its stake in Ameren Corp (NYSE:AEE) by 0.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 155,971 shares of the utilities provider’s stock after acquiring an additional 927 shares during the quarter. Empire Life Investments Inc.’s holdings in Ameren were worth $9,201,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in the business. ETRADE Capital Management LLC raised its holdings in Ameren by 6.1% in the 3rd quarter. ETRADE Capital Management LLC now owns 16,577 shares of the utilities provider’s stock valued at $959,000 after acquiring an additional 956 shares during the period. ARP Americas LP raised its holdings in Ameren by 12.5% in the 4th quarter. ARP Americas LP now owns 9,928 shares of the utilities provider’s stock valued at $586,000 after acquiring an additional 1,100 shares during the period. CIBC Asset Management Inc raised its holdings in Ameren by 5.0% in the 4th quarter. CIBC Asset Management Inc now owns 25,425 shares of the utilities provider’s stock valued at $1,500,000 after acquiring an additional 1,211 shares during the period. Smith Moore & CO. raised its holdings in Ameren by 10.0% in the 4th quarter. Smith Moore & CO. now owns 13,315 shares of the utilities provider’s stock valued at $785,000 after acquiring an additional 1,215 shares during the period. Finally, Norinchukin Bank The raised its holdings in Ameren by 7.3% in the 3rd quarter. Norinchukin Bank The now owns 18,059 shares of the utilities provider’s stock valued at $1,045,000 after acquiring an additional 1,221 shares during the period. 69.80% of the stock is currently owned by hedge funds and other institutional investors.
In other Ameren news, CAO Bruce A. Steinke sold 1,952 shares of the firm’s stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $54.28, for a total value of $105,954.56. Following the sale, the chief accounting officer now owns 41,120 shares in the company, valued at $2,231,993.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Martin J. Lyons sold 13,111 shares of the firm’s stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $54.52, for a total transaction of $714,811.72. The disclosure for this sale can be found here. Insiders have sold a total of 16,986 shares of company stock worth $925,147 in the last quarter. 0.38% of the stock is currently owned by company insiders.
Ameren (NYSE:AEE) last posted its quarterly earnings results on Friday, February 16th. The utilities provider reported $0.39 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.05. The business had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.60 billion. Ameren had a net margin of 8.47% and a return on equity of 9.43%. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter last year, the business posted $0.13 EPS. analysts forecast that Ameren Corp will post 3.03 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Wednesday, March 14th will be given a dividend of $0.4575 per share. The ex-dividend date of this dividend is Tuesday, March 13th. This represents a $1.83 annualized dividend and a dividend yield of 3.39%. Ameren’s dividend payout ratio is 85.12%.
A number of research analysts have issued reports on the stock. UBS Group increased their target price on shares of Ameren from $54.00 to $57.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 21st. Zacks Investment Research upgraded shares of Ameren from a “sell” rating to a “hold” rating in a research report on Tuesday, February 13th. Morgan Stanley set a $53.00 target price on shares of Ameren and gave the stock a “sell” rating in a research report on Tuesday, February 13th. Finally, ValuEngine lowered shares of Ameren from a “buy” rating to a “hold” rating in a research report on Monday, December 4th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $56.20.
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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