Ameren Corporation (AEE) Stake Held by Fort Washington Investment Advisors Inc. OH
Fort Washington Investment Advisors Inc. OH held its stake in Ameren Corporation (NYSE:AEE) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 30,969 shares of the utilities provider’s stock at the close of the second quarter. Fort Washington Investment Advisors Inc. OH’s holdings in Ameren Corporation were worth $1,693,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of AEE. Vanguard Group Inc. raised its stake in Ameren Corporation by 3.6% during 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 in the last quarter. BlackRock Inc. raised its position in shares of Ameren Corporation by 2,750.0% during the 1st quarter. BlackRock Inc. now owns 15,790,855 shares of the utilities provider’s stock worth $862,024,000 after purchasing an additional 15,236,793 shares during the period. Lazard Asset Management LLC raised its position in shares of Ameren Corporation by 12.8% during the 1st quarter. Lazard Asset Management LLC now owns 5,234,226 shares of the utilities provider’s stock worth $285,735,000 after purchasing an additional 595,665 shares during the period. Epoch Investment Partners Inc. raised its position in shares of Ameren Corporation by 10.4% during the 1st quarter. Epoch Investment Partners Inc. now owns 5,142,095 shares of the utilities provider’s stock worth $280,707,000 after purchasing an additional 483,262 shares during the period. Finally, Wells Fargo & Company MN raised its position in shares of Ameren Corporation by 13.9% during the 2nd quarter. Wells Fargo & Company MN now owns 3,966,914 shares of the utilities provider’s stock worth $216,871,000 after purchasing an additional 483,928 shares during the period. 69.82% of the stock is owned by hedge funds and other institutional investors.
Shares of Ameren Corporation (NYSE:AEE) opened at 59.81 on Friday. The stock has a 50 day moving average price of $58.99 and a 200 day moving average price of $56.21. The firm has a market capitalization of $14.51 billion, a P/E ratio of 20.93 and a beta of 0.37. Ameren Corporation has a 12 month low of $46.84 and a 12 month high of $60.91.
Ameren Corporation (NYSE:AEE) last announced its quarterly earnings results on Friday, August 4th. The utilities provider reported $0.79 EPS for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.10. Ameren Corporation had a net margin of 11.11% and a return on equity of 9.57%. The business had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same quarter in the prior year, the business earned $0.61 EPS. Ameren Corporation’s quarterly revenue was up 7.8% on a year-over-year basis. On average, analysts expect that Ameren Corporation will post $2.80 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Wednesday, September 13th will be given a dividend of $0.44 per share. The ex-dividend date of this dividend is Tuesday, September 12th. This represents a $1.76 annualized dividend and a dividend yield of 2.94%. Ameren Corporation’s dividend payout ratio is 61.54%.
A number of equities analysts recently issued reports on the company. BidaskClub lowered Ameren Corporation from a “hold” rating to a “sell” rating in a report on Saturday, July 1st. Morgan Stanley increased their price target on 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) lowered Ameren Corporation from a “neutral” rating to a “sell” rating and set a $51.00 price target for the company. in a research note on Monday, June 26th. Barclays PLC lowered Ameren Corporation from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $60.00 to $58.00 in a research note on Thursday, May 25th. Finally, Zacks Investment Research lowered Ameren Corporation from a “buy” rating to a “hold” rating in a research note on Monday, September 11th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $55.20.
Ameren Corporation Company Profile
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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