Croft Leominster Inc. Has $284,000 Holdings in Ameren Corporation (AEE)
Croft Leominster Inc. held its stake in Ameren Corporation (NYSE:AEE) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,204 shares of the utilities provider’s stock at the close of the 2nd quarter. Croft Leominster Inc.’s holdings in Ameren Corporation were worth $284,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. Bessemer Group Inc. bought a new stake in Ameren Corporation in the second quarter worth $111,000. Acropolis Investment Management LLC boosted its holdings in 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 purchasing an additional 11 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its holdings in 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 purchasing an additional 56 shares in the last quarter. V Wealth Management LLC bought a new stake in Ameren Corporation in the second quarter worth $138,000. Finally, Tower Research Capital LLC TRC boosted its holdings in Ameren Corporation by 367.3% in the first quarter. Tower Research Capital LLC TRC now owns 2,612 shares of the utilities provider’s stock worth $143,000 after purchasing an additional 2,053 shares in the last quarter. Hedge funds and other institutional investors own 69.80% of the company’s stock.
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Ameren Corporation (AEE) traded up 0.33% during midday trading on Friday, reaching $60.54. 170,454 shares of the company’s stock were exchanged. The firm has a 50-day moving average price of $59.38 and a 200 day moving average price of $56.76. Ameren Corporation has a 52 week low of $46.97 and a 52 week high of $60.91. The company has a market cap of $14.69 billion, a price-to-earnings ratio of 21.19 and a beta of 0.36.
Ameren Corporation (NYSE:AEE) last announced its quarterly earnings data on Friday, August 4th. The utilities provider reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.10. Ameren Corporation had a net margin of 11.11% and a return on equity of 9.57%. The company had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter last year, the firm posted $0.61 EPS. The company’s quarterly revenue was up 7.8% on a year-over-year basis. Analysts anticipate that Ameren Corporation will post $2.80 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Wednesday, September 13th were given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.92%. The ex-dividend date was Tuesday, September 12th. Ameren Corporation’s dividend payout ratio (DPR) is presently 61.54%.
A number of equities research analysts have issued reports on the stock. Morgan Stanley restated an “overweight” rating on shares of Ameren Corporation in a report on Monday, July 10th. 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 report on Monday, June 26th. BidaskClub upgraded shares of Ameren Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. Finally, Zacks Investment Research cut shares of Ameren Corporation from a “buy” rating to a “hold” rating in a report on Monday, September 11th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $54.50.
Ameren Corporation 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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