Stifel Financial Corp Trims Holdings in Ameren Corporation (AEE)
Stifel Financial Corp lessened its stake in shares of Ameren Corporation (NYSE:AEE) by 2.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 392,510 shares of the utilities provider’s stock after selling 10,175 shares during the quarter. Stifel Financial Corp owned 0.16% of Ameren worth $22,697,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the stock. Conning Inc. lifted its position in shares of Ameren by 0.3% during the 2nd quarter. Conning Inc. now owns 6,455 shares of the utilities provider’s stock worth $353,000 after buying an additional 20 shares during the period. C M Bidwell & Associates Ltd. increased its holdings in Ameren by 1.0% during the 2nd quarter. C M Bidwell & Associates Ltd. now owns 4,345 shares of the utilities provider’s stock valued at $238,000 after purchasing an additional 45 shares in the last quarter. Veritable L.P. increased its holdings in Ameren by 0.3% during the 2nd quarter. Veritable L.P. now owns 18,393 shares of the utilities provider’s stock valued at $1,006,000 after purchasing an additional 52 shares in the last quarter. CIBC Asset Management Inc increased its holdings in Ameren by 0.4% during the 2nd quarter. CIBC Asset Management Inc now owns 23,805 shares of the utilities provider’s stock valued at $1,301,000 after purchasing an additional 85 shares in the last quarter. Finally, Nordea Investment Management AB increased its holdings in Ameren by 0.8% during the 2nd quarter. Nordea Investment Management AB now owns 11,658 shares of the utilities provider’s stock valued at $637,000 after purchasing an additional 93 shares in the last quarter. Institutional investors and hedge funds own 70.39% of the company’s stock.
AEE has been the subject of a number of recent analyst reports. Morgan Stanley raised their price target on Ameren from $56.00 to $57.00 and gave the company an “overweight” rating in a report on Thursday, August 10th. BidaskClub raised Ameren from a “hold” rating to a “buy” rating in a report on Friday, August 11th. Zacks Investment Research cut Ameren from a “buy” rating to a “hold” rating in a report on Monday, September 11th. KeyCorp reaffirmed a “hold” rating on shares of Ameren in a report on Friday, October 20th. Finally, Bank of America initiated coverage on Ameren in a report on Tuesday, October 24th. They set a “neutral” rating and a $62.00 price target for the company. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and one has assigned a strong buy rating to the company’s stock. The company currently 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 stock in a transaction 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 sale, the senior vice president now directly 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 Securities & Exchange Commission, which can be accessed through this link. 0.38% of the stock is currently owned by company insiders.
Shares of Ameren Corporation (NYSE AEE) opened at $62.48 on Wednesday. The company has a market capitalization of $15,307.83, a price-to-earnings ratio of 24.45, a PEG ratio of 3.37 and a beta of 0.36. Ameren Corporation has a 52 week low of $48.80 and a 52 week high of $64.89. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.61 and a quick ratio of 0.40.
Ameren (NYSE:AEE) last released its earnings results on Friday, November 3rd. The utilities provider reported $1.24 EPS for the quarter, missing the Thomson Reuters’ 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 firm’s quarterly revenue was down 7.3% on a year-over-year basis. During the same period last year, the business posted $1.52 earnings per share. sell-side analysts predict that Ameren Corporation will post 2.81 earnings per share for the current fiscal 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 paid a $0.4575 dividend. This is a boost from Ameren’s previous quarterly dividend of $0.44. This represents a $1.83 annualized dividend and a dividend yield of 2.93%. The ex-dividend date of this dividend is Tuesday, December 12th. Ameren’s dividend payout ratio (DPR) is 69.84%.
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Ameren 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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