CSat Investment Advisory L.P. Acquires 2,180 Shares of Ameren Corp (NYSE:AEE)
CSat Investment Advisory L.P. lifted its holdings in Ameren Corp (NYSE:AEE) by 70.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,281 shares of the utilities provider’s stock after purchasing an additional 2,180 shares during the period. CSat Investment Advisory L.P.’s holdings in Ameren were worth $397,000 as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. Cornerstone Advisors Inc. increased its stake in Ameren by 104.9% during the first quarter. Cornerstone Advisors Inc. now owns 373 shares of the utilities provider’s stock valued at $27,000 after acquiring an additional 191 shares during the period. Interactive Financial Advisors bought a new position in Ameren during the first quarter valued at about $33,000. SRS Capital Advisors Inc. bought a new position in Ameren during the second quarter valued at about $57,000. Kavar Capital Partners LLC bought a new position in Ameren during the second quarter valued at about $84,000. Finally, Altshuler Shaham Ltd increased its stake in Ameren by 102.2% during the second quarter. Altshuler Shaham Ltd now owns 1,219 shares of the utilities provider’s stock valued at $92,000 after acquiring an additional 616 shares during the period. Institutional investors and hedge funds own 70.90% of the company’s stock.
Several equities analysts recently issued reports on the company. KeyCorp assumed coverage on Ameren in a research note on Tuesday, June 4th. They set a “sector weight” rating on the stock. Wolfe Research upgraded Ameren from a “market perform” rating to an “outperform” rating and set a $80.00 price objective on the stock in a research note on Thursday, September 12th. Argus upgraded Ameren from a “hold” rating to a “buy” rating in a research note on Thursday, July 25th. Morgan Stanley upped their price objective on Ameren from $78.00 to $80.00 and gave the company an “equal weight” rating in a research note on Friday, September 6th. Finally, Bank of America upgraded Ameren from a “neutral” rating to a “buy” rating in a research note on Tuesday, September 17th. They noted that the move was a valuation call. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $76.17.
Ameren (NYSE:AEE) last announced its earnings results on Friday, August 2nd. The utilities provider reported $0.72 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.03). The business had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.43 billion. Ameren had a return on equity of 10.31% and a net margin of 13.08%. During the same period in the previous year, the firm earned $0.97 earnings per share. On average, sell-side analysts expect that Ameren Corp will post 3.24 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Wednesday, September 11th will be issued a $0.475 dividend. This represents a $1.90 annualized dividend and a dividend yield of 2.40%. The ex-dividend date of this dividend is Tuesday, September 10th. Ameren’s payout ratio is currently 56.38%.
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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