Franklin Resources Inc. Sells 895 Shares of Ameren Corporation (AEE)
Franklin Resources Inc. lowered its holdings in shares of Ameren Corporation (NYSE:AEE) by 0.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 902,870 shares of the utilities provider’s stock after selling 895 shares during the period. Franklin Resources Inc. owned 0.37% of Ameren Corporation worth $49,360,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of AEE. Bessemer Group Inc. acquired a new stake in Ameren Corporation during the 2nd quarter worth $111,000. Acropolis Investment Management LLC boosted its stake in Ameren Corporation by 0.5% during the 2nd quarter. Acropolis Investment Management LLC now owns 2,406 shares of the utilities provider’s stock worth $132,000 after purchasing an additional 11 shares during the period. Benjamin F. Edwards & Company Inc. boosted its stake in Ameren Corporation by 2.4% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 2,408 shares of the utilities provider’s stock worth $132,000 after purchasing an additional 56 shares during the period. Parkside Financial Bank & Trust boosted its stake in Ameren Corporation by 6.8% during the 1st quarter. Parkside Financial Bank & Trust now owns 2,486 shares of the utilities provider’s stock worth $136,000 after purchasing an additional 159 shares during the period. Finally, V Wealth Management LLC acquired a new stake in Ameren Corporation during the 2nd quarter worth $138,000. Hedge funds and other institutional investors own 69.82% of the company’s stock.
A number of analysts recently weighed in on AEE shares. Zacks Investment Research cut shares of Ameren Corporation from a “buy” rating to a “hold” rating in a research note on Monday, September 11th. Barclays PLC cut shares of Ameren Corporation from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $60.00 to $58.00 in a research note 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 target for the company. in a research note on Monday, June 26th. Morgan Stanley reiterated an “equal weight” rating on shares of Ameren Corporation in a research note on Friday, September 8th. Finally, BidaskClub upgraded shares of Ameren Corporation from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 26th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a strong buy rating to the company’s stock. Ameren Corporation currently has a consensus rating of “Hold” and a consensus target price of $55.20.
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Ameren Corporation (NYSE AEE) opened at 59.81 on Friday. The firm’s 50-day moving average is $58.99 and its 200-day moving average is $56.21. The stock has a market cap 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 released its quarterly earnings data on Friday, August 4th. The utilities provider reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.10. The firm had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.42 billion. Ameren Corporation had a net margin of 11.11% and a return on equity of 9.57%. The firm’s revenue was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.61 earnings per share. On average, equities analysts forecast that Ameren Corporation will post $2.80 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Wednesday, September 13th will be issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 2.94%. The ex-dividend date of this dividend is Tuesday, September 12th. Ameren Corporation’s dividend payout ratio is presently 61.54%.
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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