Green Square Capital LLC Purchases 1,218 Shares of Ameren Corporation (AEE)
Green Square Capital LLC raised its position in Ameren Corporation (NYSE:AEE) by 1.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 111,712 shares of the utilities provider’s stock after acquiring an additional 1,218 shares during the quarter. Green Square Capital LLC’s holdings in Ameren Corporation were worth $6,107,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of the business. Cornerstone Capital Management Holdings LLC. grew its position in Ameren Corporation by 26.1% in the second quarter. Cornerstone Capital Management Holdings LLC. now owns 218,548 shares of the utilities provider’s stock valued at $11,946,000 after acquiring an additional 45,252 shares in the last quarter. Janus Henderson Group PLC boosted its stake in shares of Ameren Corporation by 6,693.2% during the 2nd quarter. Janus Henderson Group PLC now owns 1,950,938 shares of the utilities provider’s stock valued at $106,658,000 after buying an additional 1,922,219 shares during the last quarter. Castleton Investment Management LLC purchased a new position in shares of Ameren Corporation during the 2nd quarter valued at approximately $23,258,000. Royal Bank of Canada boosted its stake in shares of Ameren Corporation by 0.3% during the 2nd quarter. Royal Bank of Canada now owns 458,722 shares of the utilities provider’s stock valued at $25,078,000 after buying an additional 1,506 shares during the last quarter. Finally, Guardian Capital LP purchased a new position in shares of Ameren Corporation during the 2nd quarter valued at approximately $336,000. 69.80% of the stock is owned by institutional investors.
Ameren Corporation (AEE) traded down 0.42% during trading on Friday, hitting $58.59. The stock had a trading volume of 256,256 shares. The company’s 50-day moving average is $59.37 and its 200 day moving average is $56.62. Ameren Corporation has a 52 week low of $46.84 and a 52 week high of $60.91. The firm has a market cap of $14.22 billion, a PE ratio of 20.51 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 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.69 by $0.10. The company had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.42 billion. Ameren Corporation had a return on equity of 9.57% and a net margin of 11.11%. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.61 EPS. Equities analysts expect that Ameren Corporation will post $2.80 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Wednesday, September 13th were given a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 2.99%. The ex-dividend date was Tuesday, September 12th. Ameren Corporation’s dividend payout ratio is currently 61.54%.
Several equities analysts have recently commented on the company. BidaskClub cut Ameren Corporation from a “hold” rating to a “sell” rating in a research note on Saturday, July 1st. Morgan Stanley increased their target price 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) cut Ameren Corporation from a “neutral” rating to a “sell” rating and set a $51.00 target price for the company. in a research note on Monday, June 26th. Finally, Zacks Investment Research cut 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 given a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $54.50.
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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