Ameren Corp (AEE) Position Decreased by AMP Capital Investors Ltd
AMP Capital Investors Ltd reduced its stake in shares of Ameren Corp (NYSE:AEE) by 45.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 123,172 shares of the utilities provider’s stock after selling 100,621 shares during the quarter. AMP Capital Investors Ltd owned about 0.05% of Ameren worth $7,707,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. BlackRock Inc. raised its stake in shares of Ameren by 6.0% during the third quarter. BlackRock Inc. now owns 17,545,292 shares of the utilities provider’s stock valued at $1,109,213,000 after purchasing an additional 987,641 shares in the last quarter. Bank of Montreal Can raised its stake in shares of Ameren by 7.8% during the third quarter. Bank of Montreal Can now owns 5,360,731 shares of the utilities provider’s stock valued at $338,906,000 after purchasing an additional 386,293 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of Ameren by 1.1% during the third quarter. Wells Fargo & Company MN now owns 4,618,373 shares of the utilities provider’s stock valued at $291,974,000 after purchasing an additional 50,663 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of Ameren by 7.4% during the second quarter. Renaissance Technologies LLC now owns 4,100,847 shares of the utilities provider’s stock valued at $249,537,000 after purchasing an additional 282,247 shares in the last quarter. Finally, FMR LLC raised its stake in shares of Ameren by 285.1% during the third quarter. FMR LLC now owns 3,720,483 shares of the utilities provider’s stock valued at $235,209,000 after purchasing an additional 2,754,278 shares in the last quarter. Institutional investors and hedge funds own 72.48% of the company’s stock.
A number of equities research analysts recently weighed in on the stock. UBS Group cut shares of Ameren from a “buy” rating to a “neutral” rating and set a $71.00 price objective on the stock. in a research note on Thursday, November 29th. Barclays set a $67.00 price objective on shares of Ameren and gave the company a “hold” rating in a research note on Saturday, November 17th. ValuEngine raised Ameren from a “hold” rating to a “buy” rating in a report on Monday, November 12th. Wolfe Research lowered Ameren from an “outperform” rating to a “hold” rating in a report on Friday, October 26th. Finally, SunTrust Banks initiated coverage on Ameren in a report on Wednesday, September 26th. They set a “hold” rating and a $64.00 target price on the stock. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $66.38.
NYSE:AEE opened at $70.16 on Friday. The stock has a market cap of $17.11 billion, a P/E ratio of 24.79, a PEG ratio of 3.06 and a beta of 0.18. Ameren Corp has a 52-week low of $51.89 and a 52-week high of $70.95. The company has a current ratio of 0.64, a quick ratio of 0.43 and a debt-to-equity ratio of 0.98.
Ameren (NYSE:AEE) last released its earnings results on Wednesday, October 31st. The utilities provider reported $1.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.31 by $0.19. The firm had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.82 billion. Ameren had a return on equity of 11.38% and a net margin of 10.95%. Ameren’s revenue was up .1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.24 earnings per share. Sell-side analysts anticipate that Ameren Corp will post 3.37 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 31st. Investors of record on Wednesday, December 12th will be issued a dividend of $0.475 per share. This is a positive change from Ameren’s previous quarterly dividend of $0.46. This represents a $1.90 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date is Tuesday, December 11th. Ameren’s payout ratio is presently 64.66%.
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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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