Livforsakringsbolaget Skandia Omsesidigt trimmed its position in Ameren Corp (NYSE:AEE) by 40.7% in the third quarter, HoldingsChannel reports. The firm owned 2,181 shares of the utilities provider’s stock after selling 1,500 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Ameren were worth $138,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of the stock. Summit X LLC lifted its holdings in Ameren by 7.3% in the second quarter. Summit X LLC now owns 11,818 shares of the utilities provider’s stock worth $718,000 after acquiring an additional 799 shares during the last quarter. BB&T Corp lifted its holdings in Ameren by 6.8% in the third quarter. BB&T Corp now owns 12,750 shares of the utilities provider’s stock worth $806,000 after acquiring an additional 808 shares during the last quarter. Brown Advisory Inc. lifted its holdings in Ameren by 19.7% in the second quarter. Brown Advisory Inc. now owns 5,108 shares of the utilities provider’s stock worth $311,000 after acquiring an additional 839 shares during the last quarter. CIBC Asset Management Inc raised its holdings in shares of Ameren by 4.0% during the second quarter. CIBC Asset Management Inc now owns 25,189 shares of the utilities provider’s stock valued at $1,533,000 after buying an additional 963 shares during the last quarter. Finally, Braun Stacey Associates Inc. raised its holdings in shares of Ameren by 5.8% during the second quarter. Braun Stacey Associates Inc. now owns 19,068 shares of the utilities provider’s stock valued at $1,160,000 after buying an additional 1,050 shares during the last quarter. Institutional investors and hedge funds own 70.83% of the company’s stock.
AEE has been the topic of a number of recent analyst reports. Morgan Stanley lifted their price target on Ameren from $57.00 to $62.00 and gave the company a “hold” rating in a report on Monday, July 16th. Wolfe Research cut Ameren from an “outperform” rating to a “hold” rating in a report on Friday, October 26th. Barclays initiated coverage on Ameren in a report on Tuesday, July 10th. They set an “equal weight” rating and a $63.00 price target on the stock. ValuEngine cut Ameren from a “buy” rating to a “hold” rating in a report on Thursday. Finally, SunTrust Banks initiated coverage on Ameren in a report on Wednesday, September 26th. They set a “hold” rating and a $64.00 price target on the stock. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $65.13.
AEE opened at $63.61 on Monday. The company has a market cap of $15.52 billion, a PE ratio of 22.48, a price-to-earnings-growth ratio of 2.89 and a beta of 0.15. The company has a current ratio of 0.64, a quick ratio of 0.43 and a debt-to-equity ratio of 0.98. Ameren Corp has a twelve month low of $51.89 and a twelve month high of $67.23.
Ameren (NYSE:AEE) last released its quarterly earnings results on Wednesday, October 31st. The utilities provider reported $1.50 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.31 by $0.19. The company had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.82 billion. Ameren had a return on equity of 11.38% and a net margin of 10.95%. The business’s revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.24 earnings per share. As a group, analysts anticipate that Ameren Corp will post 3.4 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 31st. Investors of record on Wednesday, December 12th will be issued a dividend of $0.475 per share. This is a boost from Ameren’s previous quarterly dividend of $0.46. The ex-dividend date is Tuesday, December 11th. This represents a $1.90 annualized dividend and a yield of 2.99%. Ameren’s payout ratio is presently 64.66%.
Ameren Corporation operates as a public utility holding company in the United States. It operates through four segments: Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, and Ameren Transmission. The company engages in the rate-regulated electric generation, transmission, and distribution activities; and rate-regulated natural gas distribution and transmission businesses.
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