Gabelli Funds LLC Trims Holdings in Ameren Corp (AEE)
Gabelli Funds LLC trimmed its stake in Ameren Corp (NYSE:AEE) by 0.2% in the second quarter, HoldingsChannel.com reports. The firm owned 587,000 shares of the utilities provider’s stock after selling 1,000 shares during the period. Gabelli Funds LLC’s holdings in Ameren were worth $35,719,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of AEE. Brown Advisory Inc. lifted its stake in shares of Ameren by 19.7% in the second quarter. Brown Advisory Inc. now owns 5,108 shares of the utilities provider’s stock valued at $311,000 after buying an additional 839 shares in the last quarter. Vicus Capital lifted its position in shares of Ameren by 15.9% during the first quarter. Vicus Capital now owns 6,822 shares of the utilities provider’s stock valued at $386,000 after purchasing an additional 934 shares in the last quarter. CIBC Asset Management Inc lifted its position in shares of Ameren by 4.0% during the second quarter. CIBC Asset Management Inc now owns 25,189 shares of the utilities provider’s stock valued at $1,533,000 after purchasing an additional 963 shares in the last quarter. Brinker Capital Inc. lifted its position in shares of Ameren by 3.8% during the first quarter. Brinker Capital Inc. now owns 26,315 shares of the utilities provider’s stock valued at $1,490,000 after purchasing an additional 973 shares in the last quarter. Finally, Braun Stacey Associates Inc. lifted its position in shares of Ameren by 5.8% during the second quarter. Braun Stacey Associates Inc. now owns 19,068 shares of the utilities provider’s stock valued at $1,160,000 after purchasing an additional 1,050 shares in the last quarter. Institutional investors and hedge funds own 70.67% of the company’s stock.
A number of research analysts recently weighed in on AEE shares. Zacks Investment Research raised shares of Ameren from a “hold” rating to a “buy” rating and set a $66.00 price target on the stock in a research report on Tuesday, May 29th. Barclays started coverage on shares of Ameren in a research report on Tuesday, July 10th. They set an “equal weight” rating and a $63.00 price target on the stock. Morgan Stanley dropped their price target on shares of Ameren from $61.00 to $57.00 and set an “equal weight” rating on the stock in a research report on Wednesday, June 13th. Finally, Goldman Sachs Group reissued a “neutral” rating on shares of Ameren in a research report on Friday, June 1st. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $63.29.
Ameren (NYSE:AEE) last announced its quarterly earnings data on Friday, August 3rd. The utilities provider reported $0.97 EPS for the quarter, topping the consensus estimate of $0.79 by $0.18. The business had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.54 billion. Ameren had a net margin of 9.85% and a return on equity of 10.60%. The company’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.79 earnings per share. equities research analysts predict that Ameren Corp will post 3.25 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Wednesday, September 12th will be given a $0.4575 dividend. This represents a $1.83 annualized dividend and a yield of 2.88%. The ex-dividend date is Tuesday, September 11th. Ameren’s dividend payout ratio is 64.66%.
In other Ameren news, SVP Bruce A. Steinke sold 3,000 shares of Ameren stock in a transaction dated Thursday, June 7th. The shares were sold at an average price of $56.66, for a total value of $169,980.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Mark C. Birk sold 3,500 shares of Ameren stock in a transaction dated Thursday, June 14th. The stock was sold at an average price of $56.21, for a total transaction of $196,735.00. Following the completion of the sale, the senior vice president now directly owns 51,250 shares in the company, valued at approximately $2,880,762.50. The disclosure for this sale can be found here. Insiders own 0.44% of the company’s stock.
Ameren Corporation operates as a public utility holding company in the United States. It operates through four segments: Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, and Ameren Transmission. The company engages in the rate-regulated electric generation, transmission, and distribution activities; and rate-regulated natural gas distribution and transmission businesses.
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