ARP Americas LP Boosts Position in Ameren Corp (AEE)
ARP Americas LP boosted its stake in shares of Ameren Corp (NYSE:AEE) by 12.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,928 shares of the utilities provider’s stock after buying an additional 1,100 shares during the quarter. ARP Americas LP’s holdings in Ameren were worth $586,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Moisand Fitzgerald Tamayo LLC bought a new position in Ameren during the third quarter valued at about $116,000. Cable Hill Partners LLC grew its position in Ameren by 400.2% during the third quarter. Cable Hill Partners LLC now owns 2,031 shares of the utilities provider’s stock valued at $117,000 after buying an additional 1,625 shares during the period. Cerebellum GP LLC bought a new position in Ameren during the fourth quarter valued at about $123,000. Cetera Investment Advisers bought a new position in Ameren during the fourth quarter valued at about $200,000. Finally, Acropolis Investment Management LLC grew its position in Ameren by 101.9% during the fourth quarter. Acropolis Investment Management LLC now owns 3,392 shares of the utilities provider’s stock valued at $200,000 after buying an additional 1,712 shares during the period. Institutional investors own 69.68% of the company’s stock.
AEE has been the subject of several research reports. Morgan Stanley lowered shares of Ameren from an “equal weight” rating to an “underweight” rating and set a $61.00 price target for the company. in a research report on Wednesday, December 13th. Zacks Investment Research lowered shares of Ameren from a “hold” rating to a “sell” rating in a research report on Friday, January 5th. ValuEngine raised shares of Ameren from a “hold” rating to a “buy” rating in a report on Wednesday, November 15th. Finally, UBS Group initiated coverage on shares of Ameren in a report on Friday, February 2nd. They set a “neutral” rating and a $57.00 price objective on the stock. Two investment 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 company’s stock. The company has an average rating of “Hold” and an average target price of $56.20.
Ameren (NYSE:AEE) last released its quarterly earnings data on Friday, February 16th. The utilities provider reported $0.39 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.05. The business had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.60 billion. Ameren had a net margin of 8.47% and a return on equity of 9.43%. The company’s revenue was up 3.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.13 earnings per share. equities research analysts anticipate that Ameren Corp will post 3.03 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Wednesday, March 14th will be issued a dividend of $0.4575 per share. This represents a $1.83 annualized dividend and a yield of 3.36%. The ex-dividend date is Tuesday, March 13th. Ameren’s dividend payout ratio (DPR) is presently 85.12%.
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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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