DekaBank Deutsche Girozentrale Boosts Stock Position in Ameren Corp (NYSE:AEE)

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DekaBank Deutsche Girozentrale boosted its holdings in Ameren Corp (NYSE:AEE) by 2.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,233,373 shares of the utilities provider’s stock after buying an additional 32,926 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Ameren were worth $92,136,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of AEE. 6 Meridian boosted its stake in Ameren by 2.0% in the second quarter. 6 Meridian now owns 7,241 shares of the utilities provider’s stock valued at $544,000 after acquiring an additional 139 shares in the last quarter. Roman Butler Fullerton & Co. boosted its stake in Ameren by 1.1% in the second quarter. Roman Butler Fullerton & Co. now owns 14,709 shares of the utilities provider’s stock valued at $1,105,000 after acquiring an additional 161 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its stake in Ameren by 3.7% in the first quarter. Steward Partners Investment Advisory LLC now owns 4,607 shares of the utilities provider’s stock valued at $338,000 after acquiring an additional 165 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Ameren by 0.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 49,920 shares of the utilities provider’s stock valued at $3,749,000 after acquiring an additional 176 shares in the last quarter. Finally, Cornerstone Advisors Inc. boosted its stake in Ameren by 104.9% in the first quarter. Cornerstone Advisors Inc. now owns 373 shares of the utilities provider’s stock valued at $27,000 after acquiring an additional 191 shares in the last quarter. 71.56% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have issued reports on AEE shares. Zacks Investment Research upgraded shares of Ameren from a “sell” rating to a “hold” rating in a research note on Monday, May 6th. ValuEngine upgraded shares of Ameren from a “hold” rating to a “buy” rating in a research note on Monday, May 13th. KeyCorp started coverage on shares of Ameren in a research note on Tuesday, June 4th. They issued a “sector weight” rating for the company. Finally, Argus upgraded shares of Ameren from a “hold” rating to a “buy” rating in a research note on Thursday, July 25th. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Ameren presently has a consensus rating of “Hold” and an average price target of $70.40.

In related news, SVP Mary P. Heger sold 3,000 shares of the stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $76.02, for a total transaction of $228,060.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Shawn E. Schukar sold 1,200 shares of the stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $75.27, for a total transaction of $90,324.00. The disclosure for this sale can be found here. 0.52% of the stock is currently owned by corporate insiders.

Shares of AEE opened at $76.51 on Wednesday. Ameren Corp has a fifty-two week low of $62.06 and a fifty-two week high of $77.77. The firm has a market capitalization of $18.85 billion, a P/E ratio of 22.70, a price-to-earnings-growth ratio of 3.61 and a beta of 0.24. The business’s 50-day simple moving average is $76.13. The company has a quick ratio of 0.39, a current ratio of 0.55 and a debt-to-equity ratio of 1.04.

Ameren (NYSE:AEE) last announced its earnings results on Friday, August 2nd. The utilities provider reported $0.72 earnings per share for the quarter, missing the consensus estimate of $0.75 by ($0.03). Ameren had a return on equity of 10.31% and a net margin of 13.08%. The business had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same quarter last year, the company posted $0.97 EPS. As a group, sell-side analysts forecast that Ameren Corp will post 3.26 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Wednesday, September 11th will be paid a dividend of $0.475 per share. The ex-dividend date of this dividend is Tuesday, September 10th. This represents a $1.90 annualized dividend and a dividend yield of 2.48%. Ameren’s dividend payout ratio (DPR) is 56.38%.

Ameren Profile

Ameren Corporation operates as a public utility holding company in the United States. It operates through four segments: Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, and Ameren Transmission. The company engages in the rate-regulated electric generation, transmission, and distribution activities; and rate-regulated natural gas distribution and transmission businesses.

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Institutional Ownership by Quarter for Ameren (NYSE:AEE)

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