Vanguard Group Inc. Acquires 283,304 Shares of Ameren Corp. (AEE)
Vanguard Group Inc. raised its position in shares of Ameren Corp. (NYSE:AEE) by 1.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 22,773,494 shares of the company’s stock after buying an additional 283,304 shares during the period. Vanguard Group Inc. owned about 9.39% of Ameren Corp. worth $1,220,204,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in the stock. Virginia Retirement System bought a new position in Ameren Corp. during the first quarter worth approximately $14,195,000. Thomas White International Ltd. increased its position in Ameren Corp. by 43.5% in the first quarter. Thomas White International Ltd. now owns 30,267 shares of the company’s stock worth $1,516,000 after buying an additional 9,173 shares during the period. Mn Services Vermogensbeheer B.V. bought a new position in Ameren Corp. during the first quarter worth approximately $264,000. Aperio Group LLC increased its position in Ameren Corp. by 8.9% in the first quarter. Aperio Group LLC now owns 71,597 shares of the company’s stock worth $3,587,000 after buying an additional 5,834 shares during the period. Finally, Commonwealth Equity Services Inc increased its position in Ameren Corp. by 3.9% in the first quarter. Commonwealth Equity Services Inc now owns 76,476 shares of the company’s stock worth $3,831,000 after buying an additional 2,884 shares during the period. 68.31% of the stock is owned by institutional investors.
Shares of Ameren Corp. (NYSE:AEE) traded up 0.16% on Monday, reaching $49.46. The company’s stock had a trading volume of 159,525 shares. The stock has a market cap of $12.00 billion, a P/E ratio of 19.28 and a beta of 0.35. Ameren Corp. has a 12 month low of $39.11 and a 12 month high of $54.08. The firm’s 50-day moving average price is $50.54 and its 200-day moving average price is $49.80.
Ameren Corp. (NYSE:AEE) last announced its earnings results on Friday, August 5th. The company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.09. Ameren Corp. had a return on equity of 8.83% and a net margin of 10.40%. The firm earned $1.43 billion during the quarter, compared to analyst estimates of $1.45 billion. During the same period last year, the firm posted $0.58 EPS. The business’s revenue was up 1.9% compared to the same quarter last year. On average, analysts forecast that Ameren Corp. will post $2.54 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Thursday, September 8th will be given a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a dividend yield of 3.44%. The ex-dividend date is Tuesday, September 6th. Ameren Corp.’s dividend payout ratio is presently 66.15%.
A number of research firms recently commented on AEE. Zacks Investment Research downgraded Ameren Corp. from a “hold” rating to a “sell” rating in a research note on Friday, July 8th. Barclays PLC reaffirmed a “buy” rating and issued a $55.00 price target on shares of Ameren Corp. in a research note on Wednesday, July 6th.
In other news, Director Walter J. Galvin sold 36,989 shares of the stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of $49.94, for a total transaction of $1,847,230.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Bruce A. Steinke sold 3,000 shares of the stock in a transaction on Thursday, August 11th. The stock was sold at an average price of $50.82, for a total value of $152,460.00. Following the transaction, the senior vice president now owns 24,660 shares of the company’s stock, valued at approximately $1,253,221.20. The disclosure for this sale can be found here. Insiders own 0.38% of the company’s stock.
About Ameren Corp.
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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