WINTON GROUP Ltd Has $1.04 Million Stake in Ameren Corporation (AEE)
WINTON GROUP Ltd decreased its stake in shares of Ameren Corporation (NYSE:AEE) by 61.1% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 18,932 shares of the utilities provider’s stock after selling 29,702 shares during the period. WINTON GROUP Ltd’s holdings in Ameren Corporation were worth $1,035,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in Ameren Corporation by 1.0% during the 2nd quarter. Vanguard Group Inc. now owns 25,785,464 shares of the utilities provider’s stock valued at $1,409,691,000 after purchasing an additional 248,010 shares during the period. BlackRock Inc. boosted its stake in Ameren Corporation by 2.2% during the 2nd quarter. BlackRock Inc. now owns 16,134,996 shares of the utilities provider’s stock valued at $882,101,000 after purchasing an additional 344,141 shares during the period. Epoch Investment Partners Inc. boosted its stake in Ameren Corporation by 1.3% during the 2nd quarter. Epoch Investment Partners Inc. now owns 5,209,589 shares of the utilities provider’s stock valued at $284,808,000 after purchasing an additional 67,494 shares during the period. Wells Fargo & Company MN boosted its stake in 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 valued at $216,871,000 after purchasing an additional 483,928 shares during the period. Finally, Ameriprise Financial Inc. boosted its stake in Ameren Corporation by 24.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,972,940 shares of the utilities provider’s stock valued at $162,535,000 after purchasing an additional 590,243 shares during the period. 69.78% of the stock is currently owned by institutional investors and hedge funds.
Shares of Ameren Corporation (NYSE AEE) opened at 61.43 on Friday. Ameren Corporation has a 52 week low of $46.97 and a 52 week high of $61.57. The company has a market cap of $14.91 billion, a P/E ratio of 22.92 and a beta of 0.36. The company’s 50-day moving average price is $59.46 and its 200 day moving average price is $56.97.
Ameren Corporation (NYSE:AEE) last announced its quarterly earnings results on Friday, August 4th. The utilities provider reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.10. The firm 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 business’s revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.61 earnings per share. On average, equities analysts forecast that Ameren Corporation will post $2.80 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Wednesday, December 13th will be given a dividend of $0.4575 per share. This represents a $1.83 dividend on an annualized basis and a yield of 2.97%. The ex-dividend date of this dividend is Tuesday, December 12th. This is an increase from Ameren Corporation’s previous quarterly dividend of $0.44. Ameren Corporation’s payout ratio is 61.54%.
AEE has been the subject of several recent analyst reports. BidaskClub upgraded Ameren Corporation from a “hold” rating to a “buy” rating in a research note on Friday, August 11th. Morgan Stanley restated an “equal weight” rating on shares of Ameren Corporation in a research note on Friday, September 8th. Zacks Investment Research downgraded Ameren Corporation from a “buy” rating to a “hold” rating in a research note on Monday, September 11th. KeyCorp restated a “hold” rating on shares of Ameren Corporation in a research note on Friday. Finally, Goldman Sachs Group, Inc. (The) downgraded 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. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $54.50.
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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