Janus Capital Management LLC Has $66.24 Million Stake in Ameren Corporation (AEE)
Janus Capital Management LLC reduced its position in Ameren Corporation (NYSE:AEE) by 20.9% during the first quarter, Holdings Channel reports. The fund owned 1,213,468 shares of the utilities provider’s stock after selling 320,936 shares during the period. Janus Capital Management LLC’s holdings in Ameren Corporation were worth $66,243,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently made changes to their positions in the company. Archford Capital Strategies LLC purchased a new position in shares of Ameren Corporation during the first quarter worth $1,462,000. HighTower Advisors LLC raised its position in shares of Ameren Corporation by 0.5% in the first quarter. HighTower Advisors LLC now owns 19,857 shares of the utilities provider’s stock worth $1,086,000 after buying an additional 89 shares during the last quarter. Credit Suisse AG raised its position in shares of Ameren Corporation by 17.5% in the first quarter. Credit Suisse AG now owns 355,359 shares of the utilities provider’s stock worth $19,399,000 after buying an additional 52,967 shares during the last quarter. Paloma Partners Management Co purchased a new position in shares of Ameren Corporation during the first quarter worth $2,422,000. Finally, BlueCrest Capital Management Ltd raised its position in shares of Ameren Corporation by 139.3% in the first quarter. BlueCrest Capital Management Ltd now owns 10,908 shares of the utilities provider’s stock worth $595,000 after buying an additional 6,349 shares during the last quarter. Institutional investors own 72.73% of the company’s stock.
Shares of Ameren Corporation (NYSE AEE) traded down 0.09% during trading on Wednesday, reaching $55.84. 171,560 shares of the company were exchanged. The company’s 50-day moving average is $55.82 and its 200 day moving average is $54.02. Ameren Corporation has a 1-year low of $46.84 and a 1-year high of $57.21. The firm has a market capitalization of $13.55 billion, a PE ratio of 20.93 and a beta of 0.37.
Ameren Corporation (NYSE:AEE) last released its quarterly earnings results on Thursday, May 4th. The utilities provider reported $0.42 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.42. Ameren Corporation had a net margin of 10.56% and a return on equity of 9.01%. The business had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same period in the previous year, the company earned $0.43 earnings per share. The business’s revenue for the quarter was up 5.6% on a year-over-year basis. Equities research analysts expect that Ameren Corporation will post $2.77 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Wednesday, June 14th will be issued a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 3.15%. The ex-dividend date is Monday, June 12th. Ameren Corporation’s dividend payout ratio is currently 65.67%.
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A number of equities analysts recently weighed in on the stock. Goldman Sachs Group, Inc. (The) lowered shares of Ameren Corporation from a “neutral” rating to a “sell” rating and set a $51.00 price objective for the company. in a report on Monday. Barclays PLC lowered shares of Ameren Corporation from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $60.00 to $58.00 in a report on Thursday, May 25th. Finally, Zacks Investment Research lowered shares of Ameren Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, April 18th.
In other Ameren Corporation news, Chairman Warner L. Baxter sold 13,310 shares of Ameren Corporation stock in a transaction on Friday, June 9th. The shares were sold at an average price of $56.23, for a total value of $748,421.30. Following the transaction, the chairman now directly owns 145,939 shares of the company’s stock, valued at $8,206,149.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.38% of the stock is currently owned by insiders.
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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