New York State Teachers Retirement System Lowers Stake in Ameren Corporation (AEE)
New York State Teachers Retirement System lowered its stake in Ameren Corporation (NYSE:AEE) by 3.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 450,319 shares of the company’s stock after selling 17,369 shares during the period. New York State Teachers Retirement System owned approximately 0.19% of Ameren Corporation worth $23,624,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently bought and sold shares of AEE. Henderson Group PLC raised its position in Ameren Corporation by 10.0% in the second quarter. Henderson Group PLC now owns 34,557 shares of the company’s stock valued at $1,851,000 after buying an additional 3,150 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD increased its stake 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 valued at $1,001,000 after buying an additional 370 shares during the period. Boston Private Wealth LLC increased its stake 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 valued at $1,716,000 after buying an additional 2,849 shares during the period. Vicus Capital increased its stake in shares of Ameren Corporation by 61.7% in the second quarter. Vicus Capital now owns 11,589 shares of the company’s stock valued at $621,000 after buying an additional 4,424 shares during the period. Finally, Simmons Bank increased its stake in shares of Ameren Corporation by 2.3% in the second quarter. Simmons Bank now owns 24,754 shares of the company’s stock valued at $1,326,000 after buying an additional 562 shares during the period. 69.75% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Ameren Corporation (NYSE:AEE) traded up 0.76% during midday trading on Thursday, reaching $52.94. The company’s stock had a trading volume of 2,248,203 shares. Ameren Corporation has a 52 week low of $45.10 and a 52 week high of $54.08. The firm has a market capitalization of $12.85 billion, a price-to-earnings ratio of 19.80 and a beta of 0.36. The firm’s 50 day moving average is $52.35 and its 200 day moving average is $50.43.
Ameren Corporation (NYSE:AEE) last issued its earnings results on Thursday, February 16th. The company reported $0.13 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.15 by $0.02. Ameren Corporation had a net margin of 10.78% and a return on equity of 9.14%. The firm earned $1.36 billion during the quarter, compared to analyst estimates of $1.57 billion. During the same quarter in the previous year, the business posted $0.12 EPS. Ameren Corporation’s revenue was up 3.7% compared to the same quarter last year. Equities analysts forecast that Ameren Corporation will post $2.68 EPS for the current fiscal year.
The company also recently announced 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 yield of 3.32%. The ex-dividend date of this dividend is Friday, March 10th. Ameren Corporation’s payout ratio is currently 65.67%.
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Several equities research analysts have weighed in on the company. Zacks Investment Research downgraded Ameren Corporation from a “buy” rating to a “hold” rating in a report on Monday. Barclays PLC upped their price target on Ameren Corporation to $56.00 and gave the stock a “buy” rating in a report on Friday, January 20th.
In related news, insider Maureen A. Borkowski sold 3,850 shares of Ameren Corporation stock in a transaction on Tuesday, January 17th. The stock was sold at an average price of $52.08, for a total value of $200,508.00. Following the transaction, the insider now owns 30,972 shares in the company, valued at $1,613,021.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.38% of the stock is currently owned by company insiders.
Ameren Corporation Company Profile
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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