Chicago Equity Partners LLC Increases Position in Ameren Corporation (AEE)
Chicago Equity Partners LLC boosted its holdings in shares of Ameren Corporation (NYSE:AEE) by 65.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,190 shares of the utilities provider’s stock after acquiring an additional 5,630 shares during the period. Chicago Equity Partners LLC’s holdings in Ameren Corporation were worth $821,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Conning Inc. grew its stake in Ameren Corporation by 0.3% during the 2nd quarter. Conning Inc. now owns 6,455 shares of the utilities provider’s stock valued at $353,000 after acquiring an additional 20 shares in the last quarter. ING Groep NV boosted its holdings in Ameren Corporation by 0.4% in the 2nd quarter. ING Groep NV now owns 12,426 shares of the utilities provider’s stock valued at $679,000 after purchasing an additional 45 shares during the last quarter. C M Bidwell & Associates Ltd. boosted its holdings in Ameren Corporation by 1.0% in the 2nd quarter. C M Bidwell & Associates Ltd. now owns 4,345 shares of the utilities provider’s stock valued at $238,000 after purchasing an additional 45 shares during the last quarter. Veritable L.P. boosted its holdings in Ameren Corporation by 0.3% in the 2nd quarter. Veritable L.P. now owns 18,393 shares of the utilities provider’s stock valued at $1,006,000 after purchasing an additional 52 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. boosted its holdings in Ameren Corporation by 2.4% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 2,408 shares of the utilities provider’s stock valued at $132,000 after purchasing an additional 56 shares during the last quarter. 70.25% of the stock is owned by institutional investors.
Ameren Corporation (NYSE AEE) opened at $64.05 on Thursday. The company has a quick ratio of 0.40, a current ratio of 0.61 and a debt-to-equity ratio of 0.92. Ameren Corporation has a fifty-two week low of $48.19 and a fifty-two week high of $64.89. The company has a market cap of $15,659.65, a P/E ratio of 25.02, a PEG ratio of 3.44 and a beta of 0.38.
Ameren Corporation (NYSE:AEE) last issued its quarterly earnings data on Friday, November 3rd. The utilities provider reported $1.24 EPS for the quarter, missing the consensus estimate of $1.31 by ($0.07). Ameren Corporation had a return on equity of 8.61% and a net margin of 10.03%. The company had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.87 billion. During the same quarter in the prior year, the company posted $1.52 earnings per share. The business’s revenue was down 7.3% compared to the same quarter last year. research analysts anticipate that Ameren Corporation will post 2.81 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Wednesday, December 13th will be issued a $0.4575 dividend. This is a positive change from Ameren Corporation’s previous quarterly dividend of $0.44. This represents a $1.83 annualized dividend and a dividend yield of 2.86%. The ex-dividend date of this dividend is Tuesday, December 12th. Ameren Corporation’s dividend payout ratio is currently 69.84%.
Several equities analysts have weighed in on the stock. Zacks Investment Research lowered shares of Ameren Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. BidaskClub upgraded shares of Ameren Corporation from a “hold” rating to a “buy” rating in a report on Friday, August 11th. Bank of America Corporation assumed coverage on shares of Ameren Corporation in a report on Tuesday, October 24th. They issued a “neutral” rating and a $62.00 target price on the stock. ValuEngine upgraded shares of Ameren Corporation from a “hold” rating to a “buy” rating in a report on Wednesday. Finally, Morgan Stanley boosted their target price on shares of Ameren Corporation from $56.00 to $57.00 and gave the company an “overweight” rating in a report on Thursday, August 10th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $56.00.
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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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