Parametrica Management Ltd Invests $273,000 in Ameren Corporation (AEE) Stock
Parametrica Management Ltd bought a new stake in Ameren Corporation (NYSE:AEE) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 4,723 shares of the utilities provider’s stock, valued at approximately $273,000.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Bessemer Group Inc. purchased a new stake in shares of Ameren Corporation during the 2nd quarter valued at approximately $111,000. Acropolis Investment Management LLC lifted its stake in shares of Ameren Corporation by 0.5% during the 2nd 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 in the last quarter. Benjamin F. Edwards & Company Inc. lifted its stake in shares of 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 valued at $132,000 after buying an additional 56 shares in the last quarter. V Wealth Management LLC purchased a new stake in shares of Ameren Corporation during the 2nd quarter valued at approximately $138,000. Finally, First Midwest Bank Trust Division purchased a new stake in shares of Ameren Corporation during the 3rd quarter valued at approximately $202,000. Hedge funds and other institutional investors own 71.04% of the company’s stock.
Ameren Corporation (NYSE:AEE) last announced its earnings results on Friday, August 4th. The utilities provider reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.10. The company had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.42 billion. Ameren Corporation had a net margin of 11.11% and a return on equity of 9.57%. The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.61 earnings per share.
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 given a dividend of $0.4575 per share. This represents a $1.83 annualized dividend and a yield of 2.94%. This is a positive change from Ameren Corporation’s previous quarterly dividend of $0.44. The ex-dividend date is Tuesday, December 12th. Ameren Corporation’s payout ratio is 61.54%.
A number of brokerages recently commented on AEE. BidaskClub upgraded shares of Ameren Corporation from a “hold” rating to a “buy” rating in a research note on Friday, August 11th. Morgan Stanley upped their price target on shares of Ameren Corporation from $56.00 to $57.00 and gave the company an “overweight” rating in a research note on Thursday, August 10th. KeyCorp restated a “hold” rating on shares of Ameren Corporation in a research note on Friday, October 20th. Zacks Investment Research cut shares of Ameren Corporation from a “buy” rating to a “hold” rating in a research note on Monday, September 11th. Finally, Bank of America Corporation began coverage on shares of Ameren Corporation in a research note on Tuesday, October 24th. They set a “neutral” rating and a $62.00 price target on the stock. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $56.00.
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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