Rhumbline Advisers Increases Holdings in Ameren Corporation (AEE)
Rhumbline Advisers raised its holdings in shares of Ameren Corporation (NYSE:AEE) by 3.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 466,705 shares of the utilities provider’s stock after acquiring an additional 15,967 shares during the period. Rhumbline Advisers owned approximately 0.19% of Ameren Corporation worth $26,994,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Swiss National Bank lifted its stake in Ameren Corporation by 2.7% during the 2nd quarter. Swiss National Bank now owns 994,693 shares of the utilities provider’s stock valued at $54,380,000 after acquiring an additional 26,500 shares during the period. Meeder Asset Management Inc. acquired a new stake in Ameren Corporation during the 2nd quarter valued at approximately $307,000. Keybank National Association OH lifted its stake in Ameren Corporation by 2.4% during the 2nd quarter. Keybank National Association OH now owns 556,239 shares of the utilities provider’s stock valued at $30,410,000 after acquiring an additional 13,022 shares during the period. ETRADE Capital Management LLC acquired a new stake in Ameren Corporation during the 2nd quarter valued at approximately $854,000. Finally, Captrust Financial Advisors acquired a new stake in Ameren Corporation during the 2nd quarter valued at approximately $523,000. Institutional investors and hedge funds own 70.25% of the company’s stock.
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Ameren Corporation (AEE) opened at $63.30 on Friday. The company has a quick ratio of 0.40, a current ratio of 0.61 and a debt-to-equity ratio of 0.92. Ameren Corporation has a 12 month low of $48.28 and a 12 month high of $64.89. The stock has a market cap of $15,440.00, a price-to-earnings ratio of 25.02, a P/E/G ratio of 3.44 and a beta of 0.38.
Ameren Corporation (NYSE:AEE) last posted its earnings results on Friday, November 3rd. The utilities provider reported $1.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.31 by ($0.07). Ameren Corporation had a net margin of 10.03% and a return on equity of 8.61%. The firm had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.87 billion. During the same quarter in the prior year, the firm earned $1.52 earnings per share. The business’s revenue for the quarter was down 7.3% on a year-over-year basis. research analysts anticipate that Ameren Corporation will post 2.81 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Wednesday, December 13th will be paid a $0.4575 dividend. This is a boost from Ameren Corporation’s previous quarterly dividend of $0.44. This represents a $1.83 annualized dividend and a dividend yield of 2.89%. The ex-dividend date of this dividend is Tuesday, December 12th. Ameren Corporation’s payout ratio is currently 69.84%.
Several analysts have commented on the stock. Zacks Investment Research cut shares of Ameren Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. BidaskClub upgraded shares of Ameren Corporation from a “hold” rating to a “buy” rating in a research note on Friday, August 11th. Bank of America Corporation assumed coverage on shares of Ameren Corporation in a research note on Tuesday, October 24th. They issued a “neutral” rating and a $62.00 target price for the company. ValuEngine upgraded shares of Ameren Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday. Finally, Morgan Stanley boosted their target price on shares of Ameren Corporation from $56.00 to $57.00 and gave the company an “overweight” rating in a research note on Thursday, August 10th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. Ameren Corporation currently has an average rating of “Hold” and an average price target of $56.00.
Ameren Corporation Company 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.
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