Ameren Corp (AEE) Position Lowered by American Century Companies Inc.
American Century Companies Inc. cut its stake in shares of Ameren Corp (NYSE:AEE) by 17.6% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 2,078,946 shares of the utilities provider’s stock after selling 444,070 shares during the period. American Century Companies Inc. owned 0.86% of Ameren Corp worth $113,656,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Bessemer Group Inc. bought a new position in Ameren Corp during the second quarter valued at about $111,000. Acropolis Investment Management LLC boosted its position in Ameren Corp by 0.5% in the second quarter. Acropolis Investment Management LLC now owns 2,406 shares of the utilities provider’s stock valued at $132,000 after buying an additional 11 shares during the period. Benjamin F. Edwards & Company Inc. boosted its position in Ameren Corp by 2.4% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,408 shares of the utilities provider’s stock valued at $132,000 after buying an additional 56 shares during the period. Parkside Financial Bank & Trust boosted its position in Ameren Corp by 6.8% in the first quarter. Parkside Financial Bank & Trust now owns 2,486 shares of the utilities provider’s stock valued at $136,000 after buying an additional 159 shares during the period. Finally, V Wealth Management LLC bought a new position in Ameren Corp during the second quarter valued at about $138,000. Institutional investors and hedge funds own 71.07% of the company’s stock.
Ameren Corp (NYSE AEE) opened at 60.37 on Friday. The stock has a 50 day moving average of $57.04 and a 200 day moving average of $55.56. Ameren Corp has a 12-month low of $46.84 and a 12-month high of $60.58. The company has a market capitalization of $14.65 billion, a PE ratio of 21.13 and a beta of 0.36.
Ameren Corp (NYSE:AEE) last announced its quarterly earnings data on Friday, August 4th. The utilities provider reported $0.79 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.10. Ameren Corp had a return on equity of 10.89% and a net margin of 12.61%. The business had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.42 billion. During the same period in the previous year, the business posted $0.61 EPS. The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. On average, equities research analysts predict that Ameren Corp will post $2.81 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Wednesday, September 13th will be paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date is Tuesday, September 12th. Ameren Corp’s dividend payout ratio is currently 61.54%.
Several research analysts have recently issued reports on the stock. BidaskClub cut shares of Ameren Corp from a “hold” rating to a “sell” rating in a report on Saturday, July 1st. Morgan Stanley increased their price objective on shares of Ameren Corp from $56.00 to $57.00 and gave the company an “overweight” rating in a report on Thursday, August 10th. Goldman Sachs Group, Inc. (The) cut shares of Ameren Corp from a “neutral” rating to a “sell” rating and set a $51.00 price objective for the company. in a report on Monday, June 26th. Finally, Barclays PLC cut shares of Ameren Corp from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $60.00 to $58.00 in a report on Thursday, May 25th. Two analysts have rated the stock with a sell rating, three have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. Ameren Corp currently has an average rating of “Hold” and a consensus price target of $55.20.
In other news, Chairman Warner L. Baxter sold 13,310 shares of the company’s stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $56.23, for a total transaction of $748,421.30. Following the sale, the chairman now directly owns 145,939 shares in the company, valued at $8,206,149.97. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders own 0.38% of the company’s stock.
About Ameren Corp
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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