Ameren Corporation (AEE) Announces Earnings Results, Misses Expectations By $0.02 EPS
Ameren Corporation (NYSE:AEE) posted its quarterly earnings data on Thursday. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by $0.02. The business earned $1.36 billion during the quarter, compared to analysts’ expectations of $1.57 billion. Ameren Corporation had a return on equity of 9.14% and a net margin of 10.78%. The business’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.12 EPS. Ameren Corporation updated its FY17 guidance to $2.65-2.85 EPS.
Ameren Corporation (NYSE:AEE) opened at 52.94 on Friday. The stock has a market cap of $12.85 billion, a P/E ratio of 19.80 and a beta of 0.36. Ameren Corporation has a 12-month low of $45.10 and a 12-month high of $54.08. The company has a 50 day moving average of $52.39 and a 200-day moving average of $50.44.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Investors of record on Tuesday, March 14th will be issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.32%. The ex-dividend date is Friday, March 10th. Ameren Corporation’s payout ratio is 65.67%.
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In related news, insider Maureen A. Borkowski sold 3,850 shares of Ameren Corporation stock in a transaction dated Tuesday, January 17th. The stock was sold at an average price of $52.08, for a total value of $200,508.00. Following the completion of the sale, the insider now directly owns 30,972 shares in the company, valued at $1,613,021.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.38% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the company. Henderson Group PLC increased its position in shares of Ameren Corporation by 10.0% in the second quarter. Henderson Group PLC now owns 34,557 shares of the company’s stock worth $1,851,000 after buying an additional 3,150 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD increased its position in shares of Ameren Corporation by 2.0% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 18,700 shares of the company’s stock worth $1,001,000 after buying an additional 370 shares in the last quarter. Boston Private Wealth LLC increased its position in shares of Ameren Corporation by 9.8% in the second quarter. Boston Private Wealth LLC now owns 32,027 shares of the company’s stock worth $1,716,000 after buying an additional 2,849 shares in the last quarter. Vicus Capital increased its position in shares of Ameren Corporation by 61.7% in the second quarter. Vicus Capital now owns 11,589 shares of the company’s stock worth $621,000 after buying an additional 4,424 shares in the last quarter. Finally, Simmons Bank increased its position in shares of Ameren Corporation by 2.3% in the second quarter. Simmons Bank now owns 24,754 shares of the company’s stock worth $1,326,000 after buying an additional 562 shares in the last quarter. Institutional investors and hedge funds own 69.75% of the company’s stock.
A number of equities analysts recently issued reports on AEE shares. Zacks Investment Research downgraded shares of Ameren Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, December 13th. Barclays PLC raised their price objective on shares of Ameren Corporation to $56.00 and gave the stock a “buy” rating in a report on Friday, January 20th.
About Ameren Corporation
Ameren Corporation (Ameren) is a public utility holding company. Ameren’s primary assets are its equity interests in its subsidiaries, including Union Electric Company (doing business as Ameren Missouri) and Ameren Illinois Company (Ameren Illinois). Ameren operates through two segments: Ameren Missouri and Ameren Illinois.
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