Ameren Corporation Expected to Post Q3 2017 Earnings of $1.36 Per Share (AEE)
Ameren Corporation (NYSE:AEE) – Investment analysts at KeyCorp boosted their Q3 2017 earnings per share (EPS) estimates for shares of Ameren Corporation in a research report issued on Wednesday. KeyCorp analyst P. Ridzon now anticipates that the utilities provider will post earnings of $1.36 per share for the quarter, up from their prior forecast of $1.35. KeyCorp has a “Hold” rating on the stock.
Ameren Corporation (NYSE:AEE) last posted its quarterly earnings data on Friday, August 4th. The utilities provider reported $0.79 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.69 by $0.10. The firm had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.42 billion. Ameren Corporation had a return on equity of 9.57% and a net margin of 11.11%. The business’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.61 EPS.
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AEE has been the topic of several other research reports. BidaskClub raised Ameren Corporation from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 26th. Morgan Stanley reissued an “equal weight” rating on shares of Ameren Corporation in a report on Friday, September 8th. Goldman Sachs Group, Inc. (The) lowered Ameren Corporation from a “neutral” rating to a “sell” rating and set a $51.00 target price on the stock. in a report on Monday, June 26th. Finally, Zacks Investment Research lowered Ameren Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $54.50.
Shares of Ameren Corporation (AEE) opened at 61.56 on Friday. The stock has a 50 day moving average price of $59.50 and a 200-day moving average price of $57.02. Ameren Corporation has a 52-week low of $46.97 and a 52-week high of $61.74. The firm has a market cap of $14.94 billion, a PE ratio of 22.97 and a beta of 0.36.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Wednesday, December 13th will be issued a $0.4575 dividend. This represents a $1.83 annualized dividend and a yield of 2.97%. The ex-dividend date is Tuesday, December 12th. This is a positive change from Ameren Corporation’s previous quarterly dividend of $0.44. Ameren Corporation’s dividend payout ratio is 61.54%.
Large investors have recently bought and sold shares of the stock. Bessemer Group Inc. purchased a new position in Ameren Corporation in the second quarter valued at $111,000. Acropolis Investment Management LLC increased 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 valued at $132,000 after buying an additional 11 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased 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 valued at $132,000 after buying an additional 56 shares during the last quarter. V Wealth Management LLC purchased a new position in Ameren Corporation in the second quarter valued at $138,000. Finally, Tower Research Capital LLC TRC increased 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 valued at $143,000 after buying an additional 2,053 shares during the last quarter. 69.78% of the stock is currently owned by hedge funds and other institutional investors.
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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