Smith Moore & CO. boosted its position in shares of Ameren Corp (NYSE:AEE) by 10.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 13,315 shares of the utilities provider’s stock after acquiring an additional 1,215 shares during the quarter. Smith Moore & CO.’s holdings in Ameren were worth $785,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Norinchukin Bank The raised its stake in Ameren by 7.4% during the 4th quarter. Norinchukin Bank The now owns 19,400 shares of the utilities provider’s stock worth $1,144,000 after acquiring an additional 1,341 shares during the period. ARP Americas LP raised its stake in Ameren by 12.5% during the 4th quarter. ARP Americas LP now owns 9,928 shares of the utilities provider’s stock worth $586,000 after acquiring an additional 1,100 shares during the period. American International Group Inc. raised its stake in Ameren by 14.8% during the 4th quarter. American International Group Inc. now owns 83,078 shares of the utilities provider’s stock worth $4,901,000 after acquiring an additional 10,736 shares during the period. Employees Retirement System of Texas raised its stake in Ameren by 107.1% during the 4th quarter. Employees Retirement System of Texas now owns 29,000 shares of the utilities provider’s stock worth $1,711,000 after acquiring an additional 15,000 shares during the period. Finally, Wealthfront Inc. bought a new stake in Ameren during the 4th quarter worth approximately $604,000. Institutional investors own 69.68% of the company’s stock.
AEE has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of Ameren from a “strong sell” rating to a “hold” rating in a research note on Monday, January 15th. Morgan Stanley cut shares of Ameren from an “equal weight” rating to an “underweight” rating and set a $61.00 target price on the stock. in a research note on Wednesday, December 13th. ValuEngine cut shares of Ameren from a “buy” rating to a “hold” rating in a research note on Monday, December 4th. Bank of America initiated coverage on shares of Ameren in a research note on Tuesday, October 24th. They set a “neutral” rating and a $62.00 target price on the stock. Finally, UBS Group initiated coverage on shares of Ameren in a research note on Friday, February 2nd. They set a “neutral” rating and a $57.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $56.20.
Shares of Ameren Corp (NYSE:AEE) opened at $56.32 on Monday. The stock has a market cap of $13,665.19, a P/E ratio of 26.20, a PEG ratio of 2.62 and a beta of 0.28. The company has a current ratio of 0.55, a quick ratio of 0.37 and a debt-to-equity ratio of 0.97. Ameren Corp has a 1 year low of $51.89 and a 1 year high of $64.89.
Ameren (NYSE:AEE) last released its quarterly earnings data on Friday, February 16th. The utilities provider reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.05. The firm had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.60 billion. Ameren had a net margin of 8.47% and a return on equity of 9.43%. The company’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.13 earnings per share. sell-side analysts expect that Ameren Corp will post 3.03 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Wednesday, March 14th will be given a dividend of $0.4575 per share. This represents a $1.83 annualized dividend and a dividend yield of 3.25%. The ex-dividend date of this dividend is Tuesday, March 13th. Ameren’s payout ratio is currently 85.12%.
In other news, SVP Gregory L. Nelson sold 12,000 shares of Ameren stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $62.68, for a total transaction of $752,160.00. Following the sale, the senior vice president now owns 36,785 shares in the company, valued at $2,305,683.80. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.38% of the company’s stock.
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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