Ameren Corp. (AEE) Stake Increased by State Treasurer State of Michigan
State Treasurer State of Michigan boosted its position in Ameren Corp. (NYSE:AEE) by 0.5% during the third quarter, according to its most recent filing with the SEC. The firm owned 84,682 shares of the company’s stock after buying an additional 400 shares during the period. State Treasurer State of Michigan’s holdings in Ameren Corp. were worth $4,165,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Advisor Partners LLC boosted its stake in Ameren Corp. by 7.1% in the third quarter. Advisor Partners LLC now owns 4,667 shares of the company’s stock valued at $230,000 after buying an additional 308 shares during the last quarter. Aperio Group LLC boosted its stake in Ameren Corp. by 14.9% in the third quarter. Aperio Group LLC now owns 83,029 shares of the company’s stock valued at $4,083,000 after buying an additional 10,786 shares during the last quarter. Quantitative Investment Management LLC boosted its stake in Ameren Corp. by 755.7% in the third quarter. Quantitative Investment Management LLC now owns 75,300 shares of the company’s stock valued at $3,703,000 after buying an additional 66,500 shares during the last quarter. Armstrong Shaw Associates Inc. CT bought a new stake in Ameren Corp. during the third quarter valued at about $467,000. Finally, LMR Partners LLP boosted its stake in Ameren Corp. by 154.1% in the third quarter. LMR Partners LLP now owns 12,881 shares of the company’s stock valued at $634,000 after buying an additional 7,811 shares during the last quarter. Institutional investors own 66.61% of the company’s stock.
Ameren Corp. (NYSE:AEE) traded up 2.18% on Monday, hitting $51.08. 1,825,358 shares of the company were exchanged. The stock has a market capitalization of $12.39 billion, a P/E ratio of 19.10 and a beta of 0.31. Ameren Corp. has a 52-week low of $41.33 and a 52-week high of $54.08. The stock’s 50-day moving average price is $48.76 and its 200-day moving average price is $50.02.
Ameren Corp. (NYSE:AEE) last posted its quarterly earnings data on Friday, November 4th. The company reported $1.52 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.38 by $0.14. Ameren Corp. had a return on equity of 9.14% and a net margin of 10.78%. The firm earned $1.86 billion during the quarter, compared to the consensus estimate of $1.91 billion. During the same period in the prior year, the company earned $1.41 EPS. The firm’s revenue was up 1.4% compared to the same quarter last year. On average, equities research analysts anticipate that Ameren Corp. will post $2.64 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 30th. Investors of record on Wednesday, December 7th will be paid a $0.44 dividend. This is an increase from Ameren Corp.’s previous quarterly dividend of $0.43. This represents a $1.76 annualized dividend and a yield of 3.52%. The ex-dividend date is Monday, December 5th. Ameren Corp.’s dividend payout ratio is currently 63.43%.
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Several equities research analysts have recently issued reports on AEE shares. Zacks Investment Research upgraded shares of Ameren Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, August 9th. Argus reiterated a “hold” rating on shares of Ameren Corp. in a research report on Tuesday, October 18th.
In related news, Director Walter J. Galvin sold 36,989 shares of the stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of $49.94, for a total value of $1,847,230.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.38% of the stock is owned by corporate insiders.
About Ameren Corp.
Ameren Corporation (Ameren) is a public utility holding company. Ameren’s primary assets are its equity interests in its subsidiaries, including Union Electric Company (doing business as Ameren Missouri) and Ameren Illinois Company (Ameren Illinois). Ameren operates through two segments: Ameren Missouri and Ameren Illinois.
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