Ameren Corp (AEE) Position Lifted by Amundi Pioneer Asset Management Inc.
Amundi Pioneer Asset Management Inc. increased its holdings in shares of Ameren Corp (NYSE:AEE) by 25.6% during the fourth quarter, Holdings Channel reports. The fund owned 505,328 shares of the utilities provider’s stock after acquiring an additional 103,010 shares during the quarter. Amundi Pioneer Asset Management Inc.’s holdings in Ameren were worth $29,808,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also bought and sold shares of the company. Delpha Capital Management LLC acquired a new position in shares of Ameren during the 4th quarter worth approximately $106,000. Cerebellum GP LLC acquired a new position in Ameren in the 4th quarter valued at $123,000. Acropolis Investment Management LLC grew its holdings in Ameren by 101.9% in the 4th quarter. Acropolis Investment Management LLC now owns 3,392 shares of the utilities provider’s stock valued at $200,000 after buying an additional 1,712 shares in the last quarter. Cetera Investment Advisers acquired a new position in Ameren in the 4th quarter valued at $200,000. Finally, Zeke Capital Advisors LLC acquired a new position in Ameren in the 3rd quarter valued at $201,000. 69.80% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts have commented on AEE shares. ValuEngine raised Ameren from a “hold” rating to a “buy” rating in a report on Wednesday, November 15th. Morgan Stanley lowered Ameren from an “equal weight” rating to an “underweight” rating and set a $61.00 price objective on the stock. in a report on Wednesday, December 13th. Zacks Investment Research lowered Ameren from a “hold” rating to a “sell” rating in a report on Friday, January 5th. Finally, UBS Group started coverage on Ameren in a report on Friday, February 2nd. They issued a “neutral” rating and a $57.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a strong buy rating to the company. Ameren presently has a consensus rating of “Hold” and a consensus target price of $56.20.
Ameren (NYSE:AEE) last issued its quarterly earnings data on Friday, February 16th. The utilities provider reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.05. Ameren had a return on equity of 9.43% and a net margin of 8.47%. The firm had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.60 billion. During the same period in the prior year, the firm posted $0.13 EPS. The company’s revenue for the quarter was up 3.4% on a year-over-year basis. equities research analysts predict that Ameren Corp will post 3.03 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Wednesday, March 14th will be given a dividend of $0.4575 per share. The ex-dividend date is Tuesday, March 13th. This represents a $1.83 dividend on an annualized basis and a dividend yield of 3.39%. Ameren’s payout ratio is 85.12%.
In other news, CAO Bruce A. Steinke sold 1,952 shares of the company’s stock in a transaction on Thursday, March 1st. The stock was sold at an average price of $54.28, for a total transaction of $105,954.56. Following the completion of the sale, the chief accounting officer now directly owns 41,120 shares in the company, valued at approximately $2,231,993.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Martin J. Lyons sold 13,111 shares of the company’s stock in a transaction on Thursday, March 1st. The shares were sold at an average price of $54.52, for a total value of $714,811.72. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 16,986 shares of company stock valued at $925,147. Corporate insiders own 0.38% of the company’s stock.
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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