Opus Investment Management Inc. cut its position in Ameren Corp (NYSE:AEE) by 6.3% during the first quarter, Holdings Channel reports. The institutional investor owned 74,165 shares of the utilities provider’s stock after selling 5,000 shares during the quarter. Ameren makes up approximately 1.1% of Opus Investment Management Inc.’s investment portfolio, making the stock its 20th largest holding. Opus Investment Management Inc.’s holdings in Ameren were worth $5,455,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of AEE. JPMorgan Chase & Co. grew its holdings in shares of Ameren by 836.2% during the third quarter. JPMorgan Chase & Co. now owns 1,983,461 shares of the utilities provider’s stock worth $125,394,000 after buying an additional 1,771,596 shares during the last quarter. Teachers Advisors LLC boosted its holdings in Ameren by 1.1% in the 3rd quarter. Teachers Advisors LLC now owns 746,075 shares of the utilities provider’s stock valued at $47,167,000 after purchasing an additional 8,412 shares in the last quarter. Legal & General Group Plc boosted its holdings in Ameren by 4.8% in the 3rd quarter. Legal & General Group Plc now owns 2,330,384 shares of the utilities provider’s stock valued at $147,297,000 after purchasing an additional 106,776 shares in the last quarter. Vanguard Group Inc boosted its holdings in Ameren by 2.6% in the 3rd quarter. Vanguard Group Inc now owns 27,179,627 shares of the utilities provider’s stock valued at $1,718,295,000 after purchasing an additional 687,592 shares in the last quarter. Finally, First Hawaiian Bank boosted its holdings in Ameren by 371.9% in the 4th quarter. First Hawaiian Bank now owns 1,694 shares of the utilities provider’s stock valued at $111,000 after purchasing an additional 1,335 shares in the last quarter. Institutional investors and hedge funds own 71.72% of the company’s stock.
Shares of AEE stock traded up $0.66 during midday trading on Thursday, reaching $74.38. 27,617 shares of the company traded hands, compared to its average volume of 1,371,506. Ameren Corp has a 1-year low of $55.21 and a 1-year high of $74.91. The company has a current ratio of 0.59, a quick ratio of 0.43 and a debt-to-equity ratio of 1.05. The company has a market cap of $18.32 billion, a price-to-earnings ratio of 22.03, a PEG ratio of 3.65 and a beta of 0.27.
Ameren (NYSE:AEE) last posted its quarterly earnings results on Thursday, May 9th. The utilities provider reported $0.78 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.08. Ameren had a net margin of 13.65% and a return on equity of 11.22%. The company had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.62 billion. During the same period last year, the firm earned $0.62 EPS. The company’s revenue for the quarter was down 1.8% on a year-over-year basis. Sell-side analysts forecast that Ameren Corp will post 3.27 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Wednesday, June 12th will be given a dividend of $0.475 per share. The ex-dividend date is Tuesday, June 11th. This represents a $1.90 annualized dividend and a dividend yield of 2.55%. Ameren’s dividend payout ratio is currently 56.38%.
In related news, CAO Bruce A. Steinke sold 6,441 shares of Ameren stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $70.84, for a total transaction of $456,280.44. Following the completion of the transaction, the chief accounting officer now directly owns 48,883 shares in the company, valued at approximately $3,462,871.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Fadi M. Diya sold 15,000 shares of Ameren stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $71.18, for a total value of $1,067,700.00. Following the transaction, the senior vice president now owns 62,572 shares of the company’s stock, valued at $4,453,874.96. The disclosure for this sale can be found here. Insiders have sold a total of 121,873 shares of company stock valued at $8,639,431 over the last 90 days. Insiders own 0.52% of the company’s stock.
A number of brokerages have weighed in on AEE. Zacks Investment Research lowered Ameren from a “hold” rating to a “sell” rating in a report on Wednesday, April 24th. ValuEngine upgraded shares of Ameren from a “hold” rating to a “buy” rating in a research report on Monday. Morgan Stanley lifted their price target on shares of Ameren from $66.00 to $69.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 12th. Finally, Wells Fargo & Co lifted their price target on shares of Ameren from $73.00 to $77.00 and gave the company an “outperform” rating in a research report on Monday, February 11th. Seven analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Ameren presently has a consensus rating of “Hold” and a consensus target price of $68.43.
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.
Further Reading: How to Profit and Limit Losses With Stop Orders
Want to see what other hedge funds are holding AEE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ameren Corp (NYSE:AEE).
Receive News & Ratings for Ameren Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ameren and related companies with MarketBeat.com's FREE daily email newsletter.