Ameren Corp (AEE) Stake Increased by Tower Research Capital LLC TRC
Tower Research Capital LLC TRC lifted its position in shares of Ameren Corp (NYSE:AEE) by 28,671.0% in the second quarter, HoldingsChannel.com reports. The fund owned 17,838 shares of the utilities provider’s stock after buying an additional 17,776 shares during the period. Tower Research Capital LLC TRC’s holdings in Ameren were worth $1,085,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Adviser Investments LLC bought a new position in Ameren in the 1st quarter valued at approximately $105,000. Signaturefd LLC bought a new position in Ameren in the 1st quarter valued at approximately $133,000. Rampart Investment Management Company LLC bought a new position in Ameren in the 2nd quarter valued at approximately $150,000. Orrstown Financial Services Inc. bought a new position in Ameren in the 2nd quarter valued at approximately $152,000. Finally, Bronfman E.L. Rothschild L.P. lifted its stake in Ameren by 274.3% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,553 shares of the utilities provider’s stock valued at $155,000 after purchasing an additional 1,871 shares during the last quarter. 70.42% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE AEE opened at $65.24 on Tuesday. The company has a quick ratio of 0.45, a current ratio of 0.62 and a debt-to-equity ratio of 1.01. Ameren Corp has a 52-week low of $51.89 and a 52-week high of $66.11. The company has a market capitalization of $15.96 billion, a price-to-earnings ratio of 23.05, a price-to-earnings-growth ratio of 3.05 and a beta of 0.21.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Wednesday, September 12th will be given a $0.4575 dividend. This represents a $1.83 annualized dividend and a yield of 2.81%. The ex-dividend date of this dividend is Tuesday, September 11th. Ameren’s dividend payout ratio (DPR) is currently 64.66%.
Several equities analysts recently commented on AEE shares. Morgan Stanley raised shares of Ameren from an “underweight” rating to an “equal weight” rating and set a $61.00 price objective for the company in a research note on Wednesday, June 6th. Goldman Sachs Group raised shares of Ameren from a “sell” rating to a “neutral” rating and set a $61.00 price objective for the company in a research note on Tuesday, May 22nd. Zacks Investment Research downgraded shares of Ameren from a “buy” rating to a “hold” rating in a research note on Friday, May 25th. Barclays started coverage on shares of Ameren in a research note on Tuesday, July 10th. They issued an “equal weight” rating and a $63.00 price objective for the company. Finally, Wells Fargo & Co increased their price objective on shares of Ameren from $67.00 to $71.00 and gave the company an “outperform” rating in a research note on Monday. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Ameren has an average rating of “Hold” and a consensus target price of $64.88.
Ameren Company Profile
Ameren Corporation operates as a public utility holding company in the United States. It operates through four segments: Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, and Ameren Transmission. The company engages in the rate-regulated electric generation, transmission, and distribution activities; and rate-regulated natural gas distribution and transmission businesses.
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