Simmons Bank Buys 982 Shares of Ameren Corporation (AEE)
Simmons Bank boosted its stake in Ameren Corporation (NYSE:AEE) by 3.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,009 shares of the utilities provider’s stock after purchasing an additional 982 shares during the period. Simmons Bank’s holdings in Ameren Corporation were worth $1,476,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bessemer Group Inc. acquired a new stake in Ameren Corporation in the 2nd quarter valued at $111,000. Acropolis Investment Management LLC increased its holdings in Ameren Corporation by 0.5% in 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. increased its holdings in Ameren Corporation by 2.4% in 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. V Wealth Management LLC acquired a new stake in Ameren Corporation in the 2nd quarter valued at $138,000. Finally, Tower Research Capital LLC TRC increased its holdings in Ameren Corporation by 367.3% in the 1st quarter. Tower Research Capital LLC TRC now owns 2,612 shares of the utilities provider’s stock valued at $143,000 after purchasing an additional 2,053 shares in the last quarter. Hedge funds and other institutional investors own 69.80% of the company’s stock.
Several analysts recently issued reports on AEE shares. Zacks Investment Research downgraded Ameren Corporation from a “buy” rating to a “hold” rating in a report on Monday, September 11th. Goldman Sachs Group, Inc. (The) downgraded Ameren Corporation from a “neutral” rating to a “sell” rating and set a $51.00 price target for the company. in a report on Monday, June 26th. Morgan Stanley reiterated an “equal weight” rating on shares of Ameren Corporation in a report on Friday, September 8th. Finally, BidaskClub upgraded Ameren Corporation from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 26th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $54.50.
Shares of Ameren Corporation (AEE) traded down 0.10% during mid-day trading on Friday, reaching $58.78. The company had a trading volume of 1,178,690 shares. The company’s 50-day moving average is $59.37 and its 200 day moving average is $56.65. Ameren Corporation has a 52-week low of $46.84 and a 52-week high of $60.91. The stock has a market capitalization of $14.26 billion, a P/E ratio of 20.57 and a beta of 0.36.
Ameren Corporation (NYSE:AEE) last released its earnings results on Friday, August 4th. The utilities provider reported $0.79 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.69 by $0.10. The firm had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.42 billion. Ameren Corporation had a net margin of 11.11% and a return on equity of 9.57%. The business’s revenue was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.61 EPS. Analysts anticipate that Ameren Corporation will post $2.80 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Wednesday, September 13th were given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date of this dividend was Tuesday, September 12th. Ameren Corporation’s dividend payout ratio is 61.54%.
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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