IBM Retirement Fund Takes Position in Ameren Corporation (AEE)
IBM Retirement Fund bought a new position in Ameren Corporation (NYSE:AEE) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 3,634 shares of the utilities provider’s stock, valued at approximately $210,000.
Other large investors have also modified their holdings of the company. Bessemer Group Inc. purchased a new stake in shares of Ameren Corporation during the 2nd quarter valued at about $111,000. Moisand Fitzgerald Tamayo LLC purchased a new stake in shares of Ameren Corporation during the 3rd quarter valued at about $116,000. Cable Hill Partners LLC increased its position in shares of Ameren Corporation by 400.2% during the 3rd quarter. Cable Hill Partners LLC now owns 2,031 shares of the utilities provider’s stock valued at $117,000 after purchasing an additional 1,625 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its position in shares of Ameren Corporation by 2.4% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 2,408 shares of the utilities provider’s stock valued at $132,000 after purchasing an additional 56 shares during the last quarter. Finally, Seizert Capital Partners LLC purchased a new stake in shares of Ameren Corporation during the 3rd quarter valued at about $201,000. 70.25% of the stock is owned by institutional investors and hedge funds.
Several research firms have recently commented on AEE. Zacks Investment Research lowered shares of Ameren Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. BidaskClub raised shares of Ameren Corporation from a “hold” rating to a “buy” rating in a research report on Friday, August 11th. Bank of America Corporation began coverage on shares of Ameren Corporation in a research report on Tuesday, October 24th. They set a “neutral” rating and a $62.00 price target for the company. ValuEngine raised shares of Ameren Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday. Finally, Morgan Stanley boosted their price objective on Ameren Corporation from $56.00 to $57.00 and gave the company an “overweight” rating in a research note on Thursday, August 10th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $56.00.
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Shares of Ameren Corporation (NYSE:AEE) traded down $0.49 during trading hours on Thursday, hitting $64.05. The company had a trading volume of 979,000 shares, compared to its average volume of 1,418,707. The company has a market cap of $15,560.00, a P/E ratio of 25.02, a PEG ratio of 3.44 and a beta of 0.38. The company has a current ratio of 0.61, a quick ratio of 0.40 and a debt-to-equity ratio of 0.92. Ameren Corporation has a 52 week low of $48.19 and a 52 week high of $64.89.
Ameren Corporation (NYSE:AEE) last posted its quarterly earnings results on Friday, November 3rd. The utilities provider reported $1.24 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.31 by ($0.07). Ameren Corporation had a return on equity of 8.61% and a net margin of 10.03%. The business had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter in the previous year, the company earned $1.52 earnings per share. The company’s revenue for the quarter was down 7.3% compared to the same quarter last year. research analysts predict that Ameren Corporation will post 2.81 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Wednesday, December 13th will be paid a $0.4575 dividend. This represents a $1.83 annualized dividend and a yield of 2.86%. This is an increase from Ameren Corporation’s previous quarterly dividend of $0.44. The ex-dividend date is Tuesday, December 12th. Ameren Corporation’s dividend payout ratio is presently 69.84%.
About Ameren Corporation
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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