Amalgamated Bank Increases Holdings in Ameren Corporation (AEE)

Amalgamated Bank raised its holdings in Ameren Corporation (NYSE:AEE) by 60.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,312 shares of the utilities provider’s stock after purchasing an additional 10,275 shares during the period. Amalgamated Bank’s holdings in Ameren Corporation were worth $1,493,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of AEE. BlackRock Inc. increased its stake in shares of Ameren Corporation by 2,750.0% in the first quarter. BlackRock Inc. now owns 15,790,855 shares of the utilities provider’s stock worth $862,024,000 after purchasing an additional 15,236,793 shares in the last quarter. Clearbridge Investments LLC increased its stake in shares of Ameren Corporation by 394,363.1% in the first quarter. Clearbridge Investments LLC now owns 1,238,614 shares of the utilities provider’s stock worth $67,616,000 after purchasing an additional 1,238,300 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Ameren Corporation by 3.6% in the first quarter. Vanguard Group Inc. now owns 25,537,454 shares of the utilities provider’s stock worth $1,394,090,000 after purchasing an additional 885,912 shares in the last quarter. Lazard Asset Management LLC increased its stake in shares of Ameren Corporation by 12.8% in the first quarter. Lazard Asset Management LLC now owns 5,234,226 shares of the utilities provider’s stock worth $285,735,000 after purchasing an additional 595,665 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its stake in shares of Ameren Corporation by 24.8% in the second quarter. Ameriprise Financial Inc. now owns 2,972,940 shares of the utilities provider’s stock worth $162,535,000 after purchasing an additional 590,243 shares in the last quarter. Hedge funds and other institutional investors own 69.80% of the company’s stock.

Ameren Corporation (NYSE:AEE) opened at 58.81 on Friday. The stock has a 50 day moving average of $59.17 and a 200 day moving average of $56.30. Ameren Corporation has a 1-year low of $46.84 and a 1-year high of $60.91. The stock has a market cap of $14.27 billion, a P/E ratio of 20.58 and a beta of 0.37.

Ameren Corporation (NYSE:AEE) last issued its quarterly earnings data on Friday, August 4th. The utilities provider reported $0.79 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.69 by $0.10. The firm had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.42 billion. Ameren Corporation had a net margin of 11.11% and a return on equity of 9.57%. The business’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.61 EPS. Equities analysts anticipate that Ameren Corporation will post $2.80 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Wednesday, September 13th will be issued a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 3.00%. The ex-dividend date is Tuesday, September 12th. Ameren Corporation’s dividend payout ratio is 61.54%.

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Several research firms have recently weighed in on AEE. BidaskClub downgraded shares of Ameren Corporation from a “hold” rating to a “sell” rating in a research note on Saturday, July 1st. Morgan Stanley lifted their target price on shares of Ameren Corporation from $56.00 to $57.00 and gave the stock an “overweight” rating in a research note on Thursday, August 10th. Goldman Sachs Group, Inc. (The) downgraded shares of Ameren Corporation from a “neutral” rating to a “sell” rating and set a $51.00 target price for the company. in a research note on Monday, June 26th. Barclays PLC downgraded shares of Ameren Corporation from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $60.00 to $58.00 in a research note on Thursday, May 25th. Finally, Zacks Investment Research downgraded shares of Ameren Corporation from a “buy” rating to a “hold” rating in a research note on Monday, September 11th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a strong buy rating to the stock. The stock has an average 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.

Institutional Ownership by Quarter for Ameren Corporation (NYSE:AEE)

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