Community Bank N.A. Has $141,000 Stake in Ameren Corporation (AEE)
Community Bank N.A. continued to hold its position in Ameren Corporation (NYSE:AEE) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,573 shares of the utilities provider’s stock at the end of the second quarter. Community Bank N.A.’s holdings in Ameren Corporation were worth $141,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in the stock. Legal & General Group Plc increased its position in Ameren Corporation by 2.2% in the second quarter. Legal & General Group Plc now owns 1,970,074 shares of the utilities provider’s stock valued at $107,706,000 after buying an additional 42,246 shares in the last quarter. SG Americas Securities LLC increased its position in Ameren Corporation by 1,414.5% in the second quarter. SG Americas Securities LLC now owns 374,425 shares of the utilities provider’s stock valued at $20,470,000 after buying an additional 349,703 shares in the last quarter. State of Wisconsin Investment Board increased its position in Ameren Corporation by 36.3% in the second quarter. State of Wisconsin Investment Board now owns 186,767 shares of the utilities provider’s stock valued at $10,211,000 after buying an additional 49,720 shares in the last quarter. LMR Partners LLP bought a new position in Ameren Corporation during the second quarter valued at about $1,572,000. Finally, Conning Inc. increased its position in Ameren Corporation by 0.3% in the second quarter. Conning Inc. now owns 6,455 shares of the utilities provider’s stock valued at $353,000 after buying an additional 20 shares in the last quarter. Institutional investors own 71.07% of the company’s stock.
Shares of Ameren Corporation (NYSE:AEE) opened at 59.14 on Thursday. Ameren Corporation has a 52 week low of $46.84 and a 52 week high of $59.17. The stock’s 50 day moving average is $56.04 and its 200 day moving average is $55.21. The firm has a market cap of $14.35 billion, a P/E ratio of 20.70 and a beta of 0.36.
Ameren Corporation (NYSE:AEE) last issued its quarterly earnings results on Friday, August 4th. The utilities provider reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.10. The company had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.42 billion. Ameren Corporation had a net margin of 11.11% and a return on equity of 9.57%. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.61 EPS. On average, equities research analysts predict that Ameren Corporation will post $2.81 earnings per share for the current fiscal year.
The business also recently declared 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 dividend on an annualized basis and a dividend yield of 2.98%. The ex-dividend date is Tuesday, September 12th. Ameren Corporation’s dividend payout ratio is currently 61.54%.
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Several equities analysts have issued reports on the stock. BidaskClub upgraded shares of Ameren Corporation from a “hold” rating to a “buy” rating in a research note on Friday, August 11th. Morgan Stanley upped their price objective on shares of Ameren Corporation from $56.00 to $57.00 and gave the company an “overweight” rating in a research note on Thursday, August 10th. Goldman Sachs Group, Inc. (The) downgraded 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 note on Monday, June 26th. Finally, Barclays PLC downgraded shares of Ameren Corporation from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $60.00 to $58.00 in a research note on Thursday, May 25th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. Ameren Corporation presently has a consensus rating of “Hold” and an average 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 shares were sold at an average price of $56.23, for a total value of $748,421.30. Following the completion of the sale, the chairman now directly owns 145,939 shares of the company’s stock, valued at approximately $8,206,149.97. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 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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