Arizona State Retirement System Has $4.33 Million Position in Ameren Corporation (AEE)
Arizona State Retirement System reduced its stake in shares of Ameren Corporation (NYSE:AEE) by 1.4% during the second quarter, Holdings Channel reports. The fund owned 79,147 shares of the utilities provider’s stock after selling 1,100 shares during the period. Arizona State Retirement System’s holdings in Ameren Corporation were worth $4,327,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Ameren Corporation by 3.6% in the first quarter. Vanguard Group Inc. now owns 25,537,454 shares of the utilities provider’s stock valued at $1,394,090,000 after buying an additional 885,912 shares during the last quarter. BlackRock Inc. boosted its stake in Ameren Corporation by 2,750.0% in the first quarter. BlackRock Inc. now owns 15,790,855 shares of the utilities provider’s stock valued at $862,024,000 after buying an additional 15,236,793 shares during the last quarter. Lazard Asset Management LLC boosted its stake in Ameren Corporation by 12.8% in the first quarter. Lazard Asset Management LLC now owns 5,234,226 shares of the utilities provider’s stock valued at $285,735,000 after buying an additional 595,665 shares during the last quarter. Epoch Investment Partners Inc. boosted its stake in Ameren Corporation by 10.4% in the first quarter. Epoch Investment Partners Inc. now owns 5,142,095 shares of the utilities provider’s stock valued at $280,707,000 after buying an additional 483,262 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its stake in Ameren Corporation by 14.6% in the first quarter. Wells Fargo & Company MN now owns 3,482,986 shares of the utilities provider’s stock valued at $190,138,000 after buying an additional 445,055 shares during the last quarter. Hedge funds and other institutional investors own 71.07% of the company’s stock.
Shares of Ameren Corporation (NYSE AEE) opened at 58.45 on Tuesday. The stock’s 50 day moving average is $55.88 and its 200 day moving average is $55.13. Ameren Corporation has a 12 month low of $46.84 and a 12 month high of $58.75. The firm has a market cap of $14.18 billion, a PE ratio of 20.46 and a beta of 0.36.
Ameren Corporation (NYSE:AEE) last released its quarterly earnings data on Friday, August 4th. The utilities provider reported $0.79 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.10. Ameren Corporation had a return on equity of 9.57% and a net margin of 11.11%. The company had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter in the prior year, the firm posted $0.61 earnings per share. The firm’s revenue was up 7.8% compared to the same quarter last year. Analysts forecast that Ameren Corporation will post $2.81 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Wednesday, September 13th will be paid a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 3.01%. The ex-dividend date is Tuesday, September 12th. Ameren Corporation’s dividend payout ratio is currently 61.54%.
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Several equities research analysts have weighed in on AEE shares. Barclays PLC cut shares of Ameren Corporation from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $60.00 to $58.00 in a research report on Thursday, May 25th. Goldman Sachs Group, Inc. (The) cut shares of Ameren Corporation from a “neutral” rating to a “sell” rating and set a $51.00 price objective for the company. in a research report on Monday, June 26th. Morgan Stanley restated an “overweight” rating on shares of Ameren Corporation in a research report on Monday, July 10th. BidaskClub upgraded shares of Ameren Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. Finally, Zacks Investment Research cut shares of Ameren Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, April 18th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $55.20.
In other news, Chairman Warner L. Baxter sold 13,310 shares of the company’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $56.23, for a total value of $748,421.30. Following the completion of the transaction, the chairman now owns 145,939 shares of the company’s stock, valued at $8,206,149.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.38% of the company’s stock.
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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