Keybank National Association OH Boosts Stake in Ameren Corporation (AEE)
Keybank National Association OH boosted its position in Ameren Corporation (NYSE:AEE) by 2.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 556,239 shares of the utilities provider’s stock after buying an additional 13,022 shares during the period. Keybank National Association OH owned 0.23% of Ameren Corporation worth $30,410,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Bessemer Group Inc. purchased a new stake in shares of Ameren Corporation during the second quarter worth approximately $111,000. Acropolis Investment Management LLC raised its stake in shares of Ameren Corporation by 0.5% in the second quarter. Acropolis Investment Management LLC now owns 2,406 shares of the utilities provider’s stock worth $132,000 after buying an additional 11 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its stake in shares of Ameren Corporation by 2.4% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,408 shares of the utilities provider’s stock worth $132,000 after buying an additional 56 shares during the last quarter. Parkside Financial Bank & Trust raised its stake in shares of Ameren Corporation by 6.8% in the first quarter. Parkside Financial Bank & Trust now owns 2,486 shares of the utilities provider’s stock worth $136,000 after buying an additional 159 shares during the last quarter. Finally, V Wealth Management LLC purchased a new stake in shares of Ameren Corporation during the second quarter worth approximately $138,000. Hedge funds and other institutional investors own 69.80% of the company’s stock.
Ameren Corporation (NYSE:AEE) traded up 0.18% during trading on Tuesday, hitting $60.68. The stock had a trading volume of 41,930 shares. Ameren Corporation has a 52 week low of $46.84 and a 52 week high of $60.79. The company has a 50-day moving average of $57.04 and a 200 day moving average of $55.56. The company has a market cap of $14.72 billion, a price-to-earnings ratio of 21.24 and a beta of 0.36.
Ameren Corporation (NYSE:AEE) last released its earnings results on Friday, August 4th. The utilities provider reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $1.42 billion. During the same quarter in the previous year, the company posted $0.61 EPS. Ameren Corporation’s revenue for the quarter was up 7.8% on a year-over-year basis. On average, equities research analysts anticipate that Ameren Corporation will post $2.81 EPS for the current year.
The business also recently announced 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 2.91%. The ex-dividend date is Tuesday, September 12th. Ameren Corporation’s dividend payout ratio (DPR) is presently 61.54%.
A number of brokerages recently commented on AEE. BidaskClub lowered Ameren Corporation from a “hold” rating to a “sell” rating in a research report on Saturday, July 1st. Morgan Stanley boosted their target price on Ameren Corporation from $56.00 to $57.00 and gave the stock an “overweight” rating in a research report on Thursday, August 10th. Goldman Sachs Group, Inc. (The) lowered Ameren Corporation from a “neutral” rating to a “sell” rating and set a $51.00 target price for the company. in a research report on Monday, June 26th. Finally, Barclays PLC lowered Ameren Corporation from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $60.00 to $58.00 in a research report on Thursday, May 25th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. Ameren Corporation has a consensus rating of “Hold” and a consensus price target of $55.20.
In other Ameren Corporation 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 transaction of $748,421.30. Following the completion of the transaction, the chairman now owns 145,939 shares of the company’s stock, valued at approximately $8,206,149.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 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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