Ameren (AEE) Posts Earnings Results, Beats Expectations By $0.05 EPS
Ameren (NYSE:AEE) posted its quarterly earnings results on Friday. The utilities provider reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.05, Bloomberg Earnings reports. Ameren had a return on equity of 8.61% and a net margin of 10.03%. The business had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.60 billion. During the same quarter in the prior year, the business earned $0.13 EPS. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. Ameren updated its FY18 guidance to $2.95-3.15 EPS.
Shares of Ameren (NYSE:AEE) opened at $56.32 on Friday. Ameren has a 12 month low of $51.89 and a 12 month high of $64.89. The company has a quick ratio of 0.40, a current ratio of 0.61 and a debt-to-equity ratio of 0.92. The firm has a market capitalization of $13,665.20, a price-to-earnings ratio of 19.83, a P/E/G ratio of 2.63 and a beta of 0.28.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Wednesday, March 14th will be paid a $0.4575 dividend. This represents a $1.83 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date of this dividend is Tuesday, March 13th. Ameren’s dividend payout ratio (DPR) is presently 85.12%.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. grew its holdings in Ameren by 0.9% in the 4th quarter. BlackRock Inc. now owns 16,644,375 shares of the utilities provider’s stock valued at $981,851,000 after buying an additional 144,146 shares in the last quarter. Wells Fargo & Company MN grew its holdings in Ameren by 12.9% in the 3rd quarter. Wells Fargo & Company MN now owns 4,478,768 shares of the utilities provider’s stock valued at $259,053,000 after buying an additional 511,854 shares in the last quarter. APG Asset Management N.V. grew its holdings in Ameren by 27.6% in the 4th quarter. APG Asset Management N.V. now owns 4,419,198 shares of the utilities provider’s stock valued at $217,096,000 after buying an additional 956,400 shares in the last quarter. Renaissance Technologies LLC grew its holdings in Ameren by 25.7% in the 4th quarter. Renaissance Technologies LLC now owns 3,180,400 shares of the utilities provider’s stock valued at $187,612,000 after buying an additional 650,200 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in Ameren by 2.9% in the 4th quarter. Geode Capital Management LLC now owns 2,572,602 shares of the utilities provider’s stock valued at $151,435,000 after buying an additional 72,885 shares in the last quarter. 69.99% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts recently weighed in on the company. Zacks Investment Research cut Ameren from a “hold” rating to a “sell” rating in a research note on Wednesday, February 7th. UBS Group assumed coverage on Ameren in a research note on Friday, February 2nd. They issued a “neutral” rating and a $57.00 price target on the stock. Morgan Stanley set a $53.00 price target on Ameren and gave the company a “sell” rating in a research note on Tuesday, February 13th. ValuEngine cut Ameren from a “buy” rating to a “hold” rating in a research note on Monday, December 4th. Finally, Bank of America assumed coverage on Ameren in a research note on Tuesday, October 24th. They issued a “neutral” rating and a $62.00 price target on the stock. Two analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $56.20.
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Ameren Company Profile
Ameren Corporation is a utility holding company. The Company’s subsidiaries include Ameren Missouri, Ameren Illinois and Ameren Transmission Company (ATXI). It operates through four segments. The Ameren Missouri segment includes all of the operations of Ameren Missouri. The Ameren Illinois Electric Distribution segment consists of the electric distribution business of Ameren Illinois.
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