Keybank National Association OH Decreases Holdings in Ameren Corporation (AEE)
Keybank National Association OH lowered its stake in shares of Ameren Corporation (NYSE:AEE) by 0.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 554,756 shares of the utilities provider’s stock after selling 1,483 shares during the period. Keybank National Association OH owned about 0.23% of Ameren Corporation worth $32,088,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of AEE. Bessemer Group Inc. acquired a new stake in shares of Ameren Corporation during the 2nd quarter valued at $111,000. Cable Hill Partners LLC raised its holdings 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 in the last quarter. Acropolis Investment Management LLC raised its holdings in shares of Ameren Corporation by 0.5% during the 2nd quarter. Acropolis Investment Management LLC now owns 2,406 shares of the utilities provider’s stock valued at $132,000 after purchasing an additional 11 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its holdings 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 in the last quarter. Finally, V Wealth Management LLC bought a new position in shares of Ameren Corporation during the 2nd quarter valued at $138,000. 71.24% of the stock is owned by institutional investors.
Shares of Ameren Corporation (AEE) traded down $0.07 on Tuesday, reaching $62.12. 1,466,023 shares of the company traded hands, compared to its average volume of 1,330,000. The company has a quick ratio of 0.40, a current ratio of 0.61 and a debt-to-equity ratio of 0.92. The company has a market cap of $15,230.00, a P/E ratio of 24.10, a PEG ratio of 3.32 and a beta of 0.38. Ameren Corporation has a 12-month low of $46.97 and a 12-month high of $62.83.
Ameren Corporation (NYSE:AEE) last issued 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). Ameren Corporation had a return on equity of 8.61% and a net margin of 10.03%. The company had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.87 billion. During the same quarter last 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. equities research analysts forecast that Ameren Corporation will post 2.81 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Wednesday, December 13th will be given a dividend of $0.4575 per share. This is a positive change from Ameren Corporation’s previous quarterly dividend of $0.44. This represents a $1.83 annualized dividend and a yield of 2.95%. The ex-dividend date is Tuesday, December 12th. Ameren Corporation’s dividend payout ratio is currently 69.84%.
A number of research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Ameren Corporation from a “sell” rating to a “hold” rating in a report on Tuesday. BidaskClub upgraded shares of Ameren Corporation from a “hold” rating to a “buy” rating in a report on Friday, August 11th. Morgan Stanley raised their price target on shares of Ameren Corporation from $56.00 to $57.00 and gave the company an “overweight” rating in a report on Thursday, August 10th. KeyCorp restated a “hold” rating on shares of Ameren Corporation in a report on Friday, October 20th. Finally, Bank of America Corporation assumed coverage on shares of Ameren Corporation in a report on Tuesday, October 24th. They set a “neutral” rating and a $62.00 price target on the stock. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a strong buy rating to the company. Ameren Corporation presently has a consensus rating of “Hold” and a consensus target price of $56.00.
Ameren Corporation 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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