Ameren Corp (AEE) Stake Lifted by Parametric Portfolio Associates LLC
Parametric Portfolio Associates LLC lifted its holdings in Ameren Corp (NYSE:AEE) by 6.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 785,531 shares of the utilities provider’s stock after purchasing an additional 45,580 shares during the quarter. Parametric Portfolio Associates LLC owned 0.32% of Ameren worth $45,435,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also bought and sold shares of the company. Swiss National Bank grew its holdings in shares of Ameren by 2.7% in the second quarter. Swiss National Bank now owns 994,693 shares of the utilities provider’s stock worth $54,380,000 after acquiring an additional 26,500 shares during the period. Keybank National Association OH grew its holdings in shares of Ameren by 2.4% in the second quarter. Keybank National Association OH now owns 556,239 shares of the utilities provider’s stock worth $30,410,000 after acquiring an additional 13,022 shares during the period. ETRADE Capital Management LLC bought a new stake in shares of Ameren in the second quarter worth $854,000. Rhumbline Advisers grew its holdings in shares of Ameren by 3.5% in the third quarter. Rhumbline Advisers now owns 466,705 shares of the utilities provider’s stock worth $26,994,000 after acquiring an additional 15,967 shares during the period. Finally, California Public Employees Retirement System grew its holdings in shares of Ameren by 5.0% in the third quarter. California Public Employees Retirement System now owns 700,000 shares of the utilities provider’s stock worth $40,488,000 after acquiring an additional 33,400 shares during the period. Hedge funds and other institutional investors own 70.44% of the company’s stock.
Several analysts recently commented on AEE shares. Zacks Investment Research lowered Ameren from a “buy” rating to a “hold” rating in a report on Monday, September 11th. Morgan Stanley lowered Ameren from an “equal weight” rating to an “underweight” rating and set a $61.00 price target for the company. in a report on Wednesday, December 13th. ValuEngine lowered Ameren from a “buy” rating to a “hold” rating in a report on Monday, December 4th. KeyCorp reissued a “hold” rating on shares of Ameren in a report on Friday, October 20th. Finally, BidaskClub raised Ameren from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 26th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $56.80.
Shares of Ameren Corp (AEE) opened at $58.69 on Thursday. Ameren Corp has a fifty-two week low of $51.35 and a fifty-two week high of $64.89. The company has a current ratio of 0.61, a quick ratio of 0.40 and a debt-to-equity ratio of 0.92. The stock has a market capitalization of $14,434.34, a PE ratio of 23.06, a price-to-earnings-growth ratio of 3.03 and a beta of 0.36.
Ameren (NYSE:AEE) last released its quarterly earnings data on Friday, November 3rd. The utilities provider reported $1.24 earnings per share for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.07). The business had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.87 billion. Ameren had a return on equity of 8.61% and a net margin of 10.03%. The business’s revenue was down 7.3% on a year-over-year basis. During the same period last year, the company earned $1.52 EPS. equities research analysts expect that Ameren Corp will post 2.8 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Wednesday, December 13th will be paid a $0.4575 dividend. This is a positive change from Ameren’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend is Tuesday, December 12th. This represents a $1.83 dividend on an annualized basis and a dividend yield of 3.12%. Ameren’s dividend payout ratio is 72.62%.
In other news, SVP Gregory L. Nelson sold 12,000 shares of the company’s stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $62.68, for a total value of $752,160.00. Following the completion of the transaction, the senior vice president now owns 36,785 shares of the company’s stock, valued at $2,305,683.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.38% of the company’s stock.
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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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