Duncker Streett & Co. Inc. cut its stake in shares of Ameren Corporation (NYSE:AEE) by 1.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,936 shares of the utilities provider’s stock after selling 93 shares during the period. Duncker Streett & Co. Inc.’s holdings in Ameren Corporation were worth $489,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in the stock. Bank of Montreal Can increased its stake in Ameren Corporation by 43.1% in the first quarter. Bank of Montreal Can now owns 5,511,317 shares of the utilities provider’s stock valued at $300,863,000 after buying an additional 1,659,459 shares in the last quarter. National Pension Service increased its stake in Ameren Corporation by 3.8% in the first quarter. National Pension Service now owns 217,024 shares of the utilities provider’s stock valued at $11,869,000 after buying an additional 7,972 shares in the last quarter. Gulf International Bank UK Ltd increased its stake in Ameren Corporation by 1.3% in the first quarter. Gulf International Bank UK Ltd now owns 77,547 shares of the utilities provider’s stock valued at $4,233,000 after buying an additional 1,000 shares in the last quarter. Acropolis Investment Management LLC increased its stake in Ameren Corporation by 0.5% in the first quarter. Acropolis Investment Management LLC now owns 2,395 shares of the utilities provider’s stock valued at $131,000 after buying an additional 12 shares in the last quarter. Finally, CENTRAL TRUST Co increased its stake in Ameren Corporation by 5.0% in the first quarter. CENTRAL TRUST Co now owns 32,373 shares of the utilities provider’s stock valued at $1,768,000 after buying an additional 1,535 shares in the last quarter. Hedge funds and other institutional investors own 71.82% of the company’s stock.
Shares of Ameren Corporation (NYSE AEE) traded down 1.01% during mid-day trading on Friday, reaching $57.95. The company had a trading volume of 1,106,419 shares. Ameren Corporation has a one year low of $46.84 and a one year high of $58.75. The stock has a market capitalization of $14.06 billion, a P/E ratio of 20.28 and a beta of 0.36. The firm has a 50 day moving average of $55.81 and a 200-day moving average of $55.04.
Ameren Corporation (NYSE:AEE) last posted its earnings results on Friday, August 4th. The utilities provider reported $0.79 EPS for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.10. Ameren Corporation had a return on equity of 9.57% and a net margin of 11.11%. The firm had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.42 billion. During the same period last year, the firm earned $0.61 EPS. The company’s quarterly revenue was up 7.8% on a year-over-year basis. Analysts forecast that Ameren Corporation will post $2.79 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Wednesday, September 13th will be given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.04%. Ameren Corporation’s dividend payout ratio (DPR) is presently 61.54%.
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A number of research analysts have issued reports on AEE shares. BidaskClub upgraded Ameren Corporation from a “hold” rating to a “buy” rating in a research note on Friday. Morgan Stanley upped their price objective on Ameren Corporation from $56.00 to $57.00 and gave the company an “overweight” rating in a research note on Thursday. Goldman Sachs Group, Inc. (The) downgraded Ameren Corporation from a “neutral” rating to a “sell” rating and set a $51.00 price objective for the company. in a research note on Monday, June 26th. Barclays PLC cut Ameren Corporation from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $60.00 to $58.00 in a research report on Thursday, May 25th. Finally, Zacks Investment Research cut Ameren Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, April 18th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $55.20.
In other news, Chairman Warner L. Baxter sold 13,310 shares of the firm’s stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $56.23, for a total transaction of $748,421.30. Following the sale, the chairman now directly owns 145,939 shares in the company, valued at approximately $8,206,149.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.38% of the stock is owned by company insiders.
About Ameren Corporation
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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