Ameren Corp. (AEE) Stake Maintained by Duff & Phelps Investment Management Co.
Duff & Phelps Investment Management Co. held its position in Ameren Corp. (NYSE:AEE) during the third quarter, according to its most recent filing with the SEC. The firm owned 1,800,000 shares of the company’s stock at the end of the third quarter. Ameren Corp. comprises about 1.2% of Duff & Phelps Investment Management Co.’s holdings, making the stock its 22nd largest position. Duff & Phelps Investment Management Co. owned approximately 0.74% of Ameren Corp. worth $88,524,000 at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of AEE. Bank of Montreal Can purchased a new position in shares of Ameren Corp. during the second quarter worth approximately $192,842,000. Brookfield Asset Management Inc. increased its position in shares of Ameren Corp. by 20,072.2% in the second quarter. Brookfield Asset Management Inc. now owns 1,452,400 shares of the company’s stock worth $77,820,000 after buying an additional 1,445,200 shares during the period. Janus Capital Management LLC increased its position in shares of Ameren Corp. by 214.8% in the second quarter. Janus Capital Management LLC now owns 1,763,714 shares of the company’s stock worth $94,500,000 after buying an additional 1,203,453 shares during the period. AQR Capital Management LLC increased its position in shares of Ameren Corp. by 45.1% in the second quarter. AQR Capital Management LLC now owns 3,679,800 shares of the company’s stock worth $197,164,000 after buying an additional 1,143,337 shares during the period. Finally, American Century Companies Inc. increased its position in shares of Ameren Corp. by 33.6% in the second quarter. American Century Companies Inc. now owns 2,672,261 shares of the company’s stock worth $143,180,000 after buying an additional 672,351 shares during the period. 66.61% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Ameren Corp. (NYSE:AEE) opened at 51.08 on Tuesday. Ameren Corp. has a 12 month low of $41.33 and a 12 month high of $54.08. The firm’s 50 day moving average is $48.86 and its 200-day moving average is $50.06. The firm has a market capitalization of $12.39 billion, a PE ratio of 19.10 and a beta of 0.31.
Ameren Corp. (NYSE:AEE) last issued its quarterly earnings data on Friday, November 4th. The company reported $1.52 EPS for the quarter, beating the Zacks’ consensus estimate of $1.38 by $0.14. The firm had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.91 billion. Ameren Corp. had a net margin of 10.78% and a return on equity of 9.14%. The firm’s revenue was up 1.4% on a year-over-year basis. During the same period in the prior year, the company earned $1.41 EPS. On average, analysts expect that Ameren Corp. will post $2.64 EPS for the current fiscal year.
The firm 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 represents a $1.76 dividend on an annualized basis and a yield of 3.52%. This is a boost from Ameren Corp.’s previous quarterly dividend of $0.43. The ex-dividend date is Monday, December 5th. Ameren Corp.’s dividend payout ratio is presently 63.43%.
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A number of brokerages have weighed in on AEE. 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 dated Wednesday, September 7th. The shares were sold at an average price of $49.94, for a total value of $1,847,230.66. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.38% of the stock is currently owned by corporate insiders.
Ameren Corp. Company Profile
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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