Ameren Corporation (AEE) Shares Bought by Janus Henderson Group PLC
Janus Henderson Group PLC lifted its holdings in shares of Ameren Corporation (NYSE:AEE) by 15.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,244,596 shares of the utilities provider’s stock after purchasing an additional 293,658 shares during the quarter. Janus Henderson Group PLC owned about 0.93% of Ameren worth $129,828,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Conning Inc. lifted its stake in Ameren by 0.3% during the 2nd quarter. Conning Inc. now owns 6,455 shares of the utilities provider’s stock worth $353,000 after acquiring an additional 20 shares in the last quarter. C M Bidwell & Associates Ltd. lifted its stake in Ameren by 1.0% during the 2nd quarter. C M Bidwell & Associates Ltd. now owns 4,345 shares of the utilities provider’s stock worth $238,000 after acquiring an additional 45 shares in the last quarter. Veritable L.P. lifted its stake in Ameren by 0.3% during the 2nd quarter. Veritable L.P. now owns 18,393 shares of the utilities provider’s stock worth $1,006,000 after acquiring an additional 52 shares in the last quarter. Nordea Investment Management AB lifted its stake in Ameren by 0.8% during the 2nd quarter. Nordea Investment Management AB now owns 11,658 shares of the utilities provider’s stock worth $637,000 after acquiring an additional 93 shares in the last quarter. Finally, Ropes Wealth Advisors LLC lifted its stake in Ameren by 2.7% during the 2nd quarter. Ropes Wealth Advisors LLC now owns 5,593 shares of the utilities provider’s stock worth $306,000 after acquiring an additional 149 shares in the last quarter. Institutional investors and hedge funds own 70.54% of the company’s stock.
Shares of Ameren Corporation (AEE) opened at $61.36 on Wednesday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.40 and a current ratio of 0.61. Ameren Corporation has a 12-month low of $50.36 and a 12-month high of $64.89. The firm has a market capitalization of $15,446.13, a PE ratio of 24.67, a PEG ratio of 3.40 and a beta of 0.36.
Ameren (NYSE:AEE) last issued its earnings results on Friday, November 3rd. The utilities provider reported $1.24 earnings per share for the quarter, missing the consensus estimate of $1.31 by ($0.07). Ameren had a return on equity of 8.61% and a net margin of 10.03%. The business had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same period last year, the business posted $1.52 EPS. Ameren’s revenue was down 7.3% on a year-over-year basis. research analysts forecast that Ameren Corporation will post 2.81 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Wednesday, December 13th will be given a dividend of $0.4575 per share. This represents a $1.83 annualized dividend and a dividend yield of 2.98%. The ex-dividend date is Tuesday, December 12th. This is a positive change from Ameren’s previous quarterly dividend of $0.44. Ameren’s dividend payout ratio (DPR) is 69.84%.
In other news, SVP Gregory L. Nelson sold 12,000 shares of the firm’s stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $62.68, for a total transaction of $752,160.00. Following the sale, the senior vice president now owns 36,785 shares of the company’s stock, valued at approximately $2,305,683.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.38% of the stock is currently owned by company insiders.
A number of research firms have issued reports on AEE. Morgan Stanley lowered Ameren from an “equal weight” rating to an “underweight” rating in a research report on Wednesday. ValuEngine lowered Ameren from a “buy” rating to a “hold” rating in a research report on Monday, December 4th. BidaskClub raised Ameren from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 26th. KeyCorp reaffirmed a “hold” rating on shares of Ameren in a research report on Friday, October 20th. Finally, Zacks Investment Research raised Ameren from a “sell” rating to a “hold” rating in a research report on Tuesday, November 7th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a strong buy rating to the company’s stock. Ameren has an average rating of “Hold” and an average target price of $56.00.
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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