Zeke Capital Advisors LLC Purchases Shares of 3,473 Ameren Corporation (AEE)
Zeke Capital Advisors LLC purchased a new position in Ameren Corporation (NYSE:AEE) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 3,473 shares of the utilities provider’s stock, valued at approximately $201,000.
Other large investors also recently made changes to their positions in the company. Swiss National Bank lifted its position in shares of Ameren by 2.7% during the 2nd quarter. Swiss National Bank now owns 994,693 shares of the utilities provider’s stock worth $54,380,000 after purchasing an additional 26,500 shares during the last quarter. Keybank National Association OH lifted its position in shares of Ameren by 2.4% during the 2nd quarter. Keybank National Association OH now owns 556,239 shares of the utilities provider’s stock worth $30,410,000 after purchasing an additional 13,022 shares during the last quarter. ETRADE Capital Management LLC acquired a new position in shares of Ameren during the 2nd quarter worth about $854,000. Rhumbline Advisers lifted its position in shares of Ameren by 3.5% during the 3rd quarter. Rhumbline Advisers now owns 466,705 shares of the utilities provider’s stock worth $26,994,000 after purchasing an additional 15,967 shares during the last quarter. Finally, Captrust Financial Advisors acquired a new position in shares of Ameren during the 2nd quarter worth about $523,000. 70.39% of the stock is owned by institutional investors.
Ameren Corporation (NYSE:AEE) opened at $63.09 on Tuesday. The company has a quick ratio of 0.40, a current ratio of 0.61 and a debt-to-equity ratio of 0.92. The company has a market capitalization of $15,467.97, a P/E ratio of 24.71, a price-to-earnings-growth ratio of 3.40 and a beta of 0.36. Ameren Corporation has a twelve month low of $48.41 and a twelve month high of $64.89.
Ameren (NYSE:AEE) last posted its quarterly earnings results on Friday, November 3rd. The utilities provider reported $1.24 EPS for the quarter, missing the consensus estimate of $1.31 by ($0.07). The firm had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.87 billion. Ameren had a net margin of 10.03% and a return on equity of 8.61%. The company’s revenue was down 7.3% on a year-over-year basis. During the same period last year, the company earned $1.52 EPS. equities research analysts expect that Ameren Corporation will post 2.81 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Wednesday, December 13th will be issued a $0.4575 dividend. This is a boost from Ameren’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend is Tuesday, December 12th. This represents a $1.83 annualized dividend and a yield of 2.90%. Ameren’s dividend payout ratio is 69.84%.
Several equities analysts recently weighed in on the company. Zacks Investment Research cut Ameren from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. BidaskClub raised Ameren from a “hold” rating to a “buy” rating in a research report on Friday, August 11th. Bank of America assumed coverage on Ameren in a research report on Tuesday, October 24th. They set a “neutral” rating and a $62.00 price objective for the company. ValuEngine raised Ameren from a “hold” rating to a “buy” rating in a research report on Wednesday, November 15th. Finally, Morgan Stanley boosted their price objective on Ameren from $56.00 to $57.00 and gave the stock an “overweight” rating in a research report on Thursday, August 10th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $56.00.
In other Ameren news, SVP Gregory L. Nelson sold 12,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $62.68, for a total value of $752,160.00. Following the completion of the transaction, the senior vice president now owns 36,785 shares of the company’s stock, valued at approximately $2,305,683.80. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.38% of the company’s stock.
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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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