Ameren Corp (AEE) Shares Bought by Sumitomo Mitsui Trust Holdings Inc.
Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of Ameren Corp (NYSE:AEE) by 4.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,154,921 shares of the utilities provider’s stock after acquiring an additional 44,729 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Ameren were worth $84,944,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in AEE. JPMorgan Chase & Co. boosted its stake in Ameren by 836.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,983,461 shares of the utilities provider’s stock valued at $125,394,000 after purchasing an additional 1,771,596 shares during the last quarter. Teachers Advisors LLC grew its position in Ameren by 1.1% in the third quarter. Teachers Advisors LLC now owns 746,075 shares of the utilities provider’s stock worth $47,167,000 after acquiring an additional 8,412 shares in the last quarter. Vanguard Group Inc boosted its position in shares of Ameren by 2.6% during the third quarter. Vanguard Group Inc now owns 27,179,627 shares of the utilities provider’s stock valued at $1,718,295,000 after buying an additional 687,592 shares during the period. Virtu Financial LLC purchased a new position in shares of Ameren during the fourth quarter valued at approximately $216,000. Finally, Strs Ohio boosted its position in shares of Ameren by 62.3% during the fourth quarter. Strs Ohio now owns 76,961 shares of the utilities provider’s stock valued at $5,020,000 after buying an additional 29,546 shares during the period. Hedge funds and other institutional investors own 71.47% of the company’s stock.
In related news, CAO Bruce A. Steinke sold 6,441 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $70.84, for a total transaction of $456,280.44. Following the completion of the transaction, the chief accounting officer now owns 48,883 shares in the company, valued at approximately $3,462,871.72. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Fadi M. Diya sold 15,000 shares of the company’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $71.18, for a total transaction of $1,067,700.00. Following the transaction, the senior vice president now owns 62,572 shares of the company’s stock, valued at approximately $4,453,874.96. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 121,873 shares of company stock valued at $8,639,431. Insiders own 0.52% of the company’s stock.
Ameren (NYSE:AEE) last released its quarterly earnings results on Thursday, May 9th. The utilities provider reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.08. Ameren had a net margin of 13.65% and a return on equity of 11.22%. The firm had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.62 billion. During the same quarter in the prior year, the firm earned $0.62 EPS. The company’s revenue for the quarter was down 1.8% on a year-over-year basis. As a group, sell-side analysts expect that Ameren Corp will post 3.27 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Wednesday, June 12th will be given a dividend of $0.475 per share. The ex-dividend date of this dividend is Tuesday, June 11th. This represents a $1.90 annualized dividend and a dividend yield of 2.52%. Ameren’s dividend payout ratio (DPR) is presently 56.38%.
Several brokerages have issued reports on AEE. Zacks Investment Research upgraded Ameren from a “sell” rating to a “hold” rating in a research report on Monday, May 6th. ValuEngine downgraded shares of Ameren from a “buy” rating to a “hold” rating in a research report on Thursday, April 4th. Wells Fargo & Co upped their price objective on shares of Ameren from $73.00 to $77.00 and gave the stock an “outperform” rating in a research report on Monday, February 11th. Finally, Morgan Stanley upped their price objective on shares of Ameren from $66.00 to $69.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 12th. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Ameren presently has a consensus rating of “Hold” and an average target price of $69.67.
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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