Ameren Corp. (AEE) to Issue Quarterly Dividend of $0.44 on December 30th
Ameren Corp. (NYSE:AEE) announced a quarterly dividend on Friday, October 14th. Stockholders of record on Wednesday, December 7th will be paid a dividend of 0.44 per share on Friday, December 30th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.46%. The ex-dividend date is Monday, December 5th. This is an increase from Ameren Corp.’s previous quarterly dividend of $0.43.
Shares of Ameren Corp. (NYSE:AEE) opened at 50.93 on Wednesday. The company has a market cap of $12.36 billion, a price-to-earnings ratio of 19.05 and a beta of 0.31. Ameren Corp. has a 12 month low of $41.33 and a 12 month high of $54.08. The stock has a 50 day moving average of $48.86 and a 200-day moving average of $50.06.
Ameren Corp. (NYSE:AEE) last released its earnings results on Friday, November 4th. The company reported $1.52 EPS for the quarter, topping the Zacks’ consensus estimate of $1.38 by $0.14. The company had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.91 billion. Ameren Corp. had a return on equity of 9.14% and a net margin of 10.78%. The business’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.41 EPS. On average, analysts forecast that Ameren Corp. will post $2.64 EPS for the current year.
In related news, Director Walter J. Galvin sold 36,989 shares of Ameren Corp. stock in a transaction dated Wednesday, September 7th. The stock was sold at an average price of $49.94, for a total value of $1,847,230.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.38% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of AEE. Johnson Investment Counsel Inc. bought a new position in Ameren Corp. during the second quarter worth $211,000. Lombard Odier Asset Management Europe Ltd bought a new position in Ameren Corp. during the third quarter worth $201,000. Advisor Partners LLC raised its position in Ameren Corp. by 2.0% in the second quarter. Advisor Partners LLC now owns 4,359 shares of the company’s stock worth $234,000 after buying an additional 85 shares during the last quarter. Mackenzie Financial Corp raised its position in Ameren Corp. by 0.4% in the second quarter. Mackenzie Financial Corp now owns 4,606 shares of the company’s stock worth $247,000 after buying an additional 18 shares during the last quarter. Finally, Ameritas Investment Partners Inc. raised its position in Ameren Corp. by 7.2% in the second quarter. Ameritas Investment Partners Inc. now owns 4,797 shares of the company’s stock worth $257,000 after buying an additional 321 shares during the last quarter. 66.61% of the stock is owned by institutional investors and hedge funds.
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AEE has been the subject of several recent research reports. Zacks Investment Research raised Ameren Corp. from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a report on Thursday, October 20th. Argus reissued a “hold” rating on shares of Ameren Corp. in a report on Tuesday, October 18th.
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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