Robeco Institutional Asset Management B.V. decreased its stake in shares of Ameren Corp (NYSE:AEE) by 25.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 502,121 shares of the utilities provider’s stock after selling 172,470 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.20% of Ameren worth $40,200,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. SRS Capital Advisors Inc. purchased a new position in Ameren during the 2nd quarter valued at about $57,000. Kavar Capital Partners LLC purchased a new position in Ameren during the 2nd quarter valued at about $84,000. Altshuler Shaham Ltd increased its position in Ameren by 102.2% during the 2nd quarter. Altshuler Shaham Ltd now owns 1,219 shares of the utilities provider’s stock valued at $92,000 after purchasing an additional 616 shares during the period. Motco increased its position in Ameren by 12.4% during the 2nd quarter. Motco now owns 1,498 shares of the utilities provider’s stock valued at $113,000 after purchasing an additional 165 shares during the period. Finally, Cerebellum GP LLC purchased a new position in Ameren during the 3rd quarter valued at about $123,000. Institutional investors own 70.95% of the company’s stock.
Shares of Ameren stock opened at $76.62 on Friday. The firm’s 50 day moving average price is $77.73 and its 200-day moving average price is $75.50. The company has a quick ratio of 0.39, a current ratio of 0.55 and a debt-to-equity ratio of 1.04. Ameren Corp has a 52-week low of $62.51 and a 52-week high of $80.85. The company has a market cap of $18.63 billion, a P/E ratio of 22.74, a PEG ratio of 3.65 and a beta of 0.22.
Ameren (NYSE:AEE) last issued its quarterly earnings data on Friday, August 2nd. The utilities provider reported $0.72 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.03). Ameren had a return on equity of 10.31% and a net margin of 13.08%. The firm had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.43 billion. During the same period in the previous year, the firm earned $0.97 EPS. As a group, equities research analysts forecast that Ameren Corp will post 3.25 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Wednesday, December 11th will be given a $0.495 dividend. The ex-dividend date is Tuesday, December 10th. This represents a $1.98 dividend on an annualized basis and a dividend yield of 2.58%. This is an increase from Ameren’s previous quarterly dividend of $0.48. Ameren’s payout ratio is presently 56.38%.
A number of research analysts have commented on the stock. Bank of America raised shares of Ameren from a “neutral” rating to a “buy” rating in a research report on Tuesday, September 17th. They noted that the move was a valuation call. SunTrust Banks cut their target price on shares of Ameren from $84.00 to $81.00 and set a “hold” rating on the stock in a research report on Wednesday. Argus raised shares of Ameren from a “hold” rating to a “buy” rating in a research report on Thursday, July 25th. ValuEngine downgraded shares of Ameren from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Wolfe Research raised shares of Ameren from a “market perform” rating to an “outperform” rating and set a $80.00 target price on the stock in a research report on Thursday, September 12th. Seven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $76.33.
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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