Diversified Trust Co purchased a new stake in Ameren Co. (NYSE:AEE – Get Rating) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 4,785 shares of the utilities provider’s stock, valued at approximately $432,000.
Several other institutional investors and hedge funds also recently made changes to their positions in AEE. JPMorgan Chase & Co. boosted its stake in shares of Ameren by 493.3% in the 1st quarter. JPMorgan Chase & Co. now owns 4,654,972 shares of the utilities provider’s stock valued at $436,452,000 after purchasing an additional 3,870,393 shares in the last quarter. Millennium Management LLC lifted its position in Ameren by 933.4% during the 4th quarter. Millennium Management LLC now owns 1,523,881 shares of the utilities provider’s stock worth $135,641,000 after buying an additional 1,376,417 shares in the last quarter. State Street Corp lifted its position in Ameren by 8.0% during the 1st quarter. State Street Corp now owns 13,889,994 shares of the utilities provider’s stock worth $1,302,326,000 after buying an additional 1,029,187 shares in the last quarter. BlackRock Inc. lifted its position in Ameren by 3.9% during the 4th quarter. BlackRock Inc. now owns 20,753,782 shares of the utilities provider’s stock worth $1,847,293,000 after buying an additional 786,490 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its position in Ameren by 46.5% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 2,397,635 shares of the utilities provider’s stock worth $224,803,000 after buying an additional 761,460 shares in the last quarter. Institutional investors and hedge funds own 77.98% of the company’s stock.
Analyst Upgrades and Downgrades
Several brokerages recently issued reports on AEE. Barclays reduced their price target on shares of Ameren from $99.00 to $91.00 and set an “equal weight” rating on the stock in a research report on Monday, July 18th. UBS Group downgraded shares of Ameren from a “buy” rating to a “neutral” rating and upped their price target for the stock from $94.00 to $96.00 in a research report on Thursday, June 30th. Argus upped their price target on shares of Ameren from $95.00 to $102.00 and gave the stock a “buy” rating in a research report on Friday, June 3rd. Mizuho upped their target price on shares of Ameren from $92.00 to $98.00 and gave the company a “neutral” rating in a research report on Monday, September 12th. Finally, BMO Capital Markets lifted their price target on shares of Ameren from $98.00 to $103.00 and gave the stock an “outperform” rating in a research report on Friday, September 9th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $99.13.
Ameren Price Performance
AEE opened at $90.41 on Friday. The company has a fifty day moving average price of $92.62 and a two-hundred day moving average price of $91.86. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.50 and a current ratio of 0.67. Ameren Co. has a 52 week low of $80.27 and a 52 week high of $99.20. The firm has a market capitalization of $23.36 billion, a PE ratio of 23.18, a P/E/G ratio of 3.10 and a beta of 0.35.
Ameren (NYSE:AEE – Get Rating) last announced its quarterly earnings results on Thursday, August 4th. The utilities provider reported $0.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.07). Ameren had a net margin of 14.49% and a return on equity of 10.19%. The firm had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.52 billion. During the same period last year, the firm earned $0.80 EPS. Ameren’s quarterly revenue was up 17.3% on a year-over-year basis. As a group, analysts anticipate that Ameren Co. will post 4.09 earnings per share for the current year.
Ameren Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Wednesday, September 7th will be issued a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 2.61%. The ex-dividend date of this dividend is Tuesday, September 6th. Ameren’s dividend payout ratio (DPR) is 60.51%.
Ameren Corporation, together with its subsidiaries, 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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