Ameren Corporation (AEE) Holdings Increased by Cambridge Investment Research Advisors Inc.
Cambridge Investment Research Advisors Inc. raised its holdings in shares of Ameren Corporation (NYSE:AEE) by 12.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 16,795 shares of the utilities provider’s stock after purchasing an additional 1,903 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Ameren Corporation were worth $971,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of the business. Bessemer Group Inc. purchased a new position in shares of Ameren Corporation in the 2nd quarter worth $111,000. Moisand Fitzgerald Tamayo LLC purchased a new position in shares of Ameren Corporation in the 3rd quarter worth $116,000. Cable Hill Partners LLC boosted its stake in shares of Ameren Corporation by 400.2% in the 3rd quarter. Cable Hill Partners LLC now owns 2,031 shares of the utilities provider’s stock worth $117,000 after buying an additional 1,625 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its stake in shares of Ameren Corporation by 2.4% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 2,408 shares of the utilities provider’s stock worth $132,000 after buying an additional 56 shares during the last quarter. Finally, Seizert Capital Partners LLC purchased a new position in shares of Ameren Corporation in the 3rd quarter worth $201,000. Institutional investors and hedge funds own 70.52% of the company’s stock.
A number of research firms have recently issued reports on AEE. Zacks Investment Research downgraded Ameren Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. BidaskClub upgraded Ameren Corporation from a “hold” rating to a “buy” rating in a research report on Friday, August 11th. Bank of America Corporation assumed coverage on Ameren Corporation in a research report on Tuesday, October 24th. They set a “neutral” rating and a $62.00 target price on the stock. ValuEngine upgraded Ameren Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, November 15th. Finally, Morgan Stanley lifted their target price on Ameren Corporation from $56.00 to $57.00 and gave the company an “overweight” rating in a research report 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 issued a strong buy rating to the stock. Ameren Corporation presently has an average rating of “Hold” and a consensus price target of $56.00.
In other news, SVP Gregory L. Nelson sold 12,000 shares of Ameren Corporation stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $62.68, for a total value of $752,160.00. Following the sale, the senior vice president now directly owns 36,785 shares of the company’s stock, valued at $2,305,683.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.38% of the company’s stock.
Shares of Ameren Corporation (AEE) opened at $62.92 on Thursday. The company has a current ratio of 0.61, a quick ratio of 0.40 and a debt-to-equity ratio of 0.92. The company has a market capitalization of $15,324.81, a PE ratio of 24.48, a price-to-earnings-growth ratio of 3.37 and a beta of 0.38. Ameren Corporation has a twelve month low of $48.32 and a twelve month high of $64.89.
Ameren Corporation (NYSE:AEE) last posted its quarterly earnings results on Friday, November 3rd. The utilities provider reported $1.24 EPS for the quarter, missing the Zacks’ consensus estimate of $1.31 by ($0.07). The business had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.87 billion. Ameren Corporation had a net margin of 10.03% and a return on equity of 8.61%. Ameren Corporation’s revenue was down 7.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.52 earnings per share. equities research analysts predict that Ameren Corporation will post 2.81 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Wednesday, December 13th will be issued a $0.4575 dividend. This represents a $1.83 annualized dividend and a dividend yield of 2.91%. This is a boost from Ameren Corporation’s previous quarterly dividend of $0.44. The ex-dividend date is Tuesday, December 12th. Ameren Corporation’s payout ratio is 69.84%.
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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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