Ameren Corp (NYSE:AEE) Shares Acquired by Private Capital Group LLC
Private Capital Group LLC lifted its position in shares of Ameren Corp (NYSE:AEE) by 30.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,543 shares of the utilities provider’s stock after buying an additional 595 shares during the quarter. Private Capital Group LLC’s holdings in Ameren were worth $185,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in the company. Dean Capital Management raised its stake in shares of Ameren by 1.3% during the 4th quarter. Dean Capital Management now owns 9,521 shares of the utilities provider’s stock worth $731,000 after buying an additional 123 shares during the last quarter. Parallel Advisors LLC increased its position in Ameren by 2.6% during the 4th quarter. Parallel Advisors LLC now owns 6,548 shares of the utilities provider’s stock worth $503,000 after purchasing an additional 169 shares in the last quarter. Fifth Third Bancorp increased its position in Ameren by 8.2% during the 1st quarter. Fifth Third Bancorp now owns 2,284 shares of the utilities provider’s stock worth $166,000 after purchasing an additional 173 shares in the last quarter. Rothschild Investment Corp IL increased its position in Ameren by 1.3% during the 1st quarter. Rothschild Investment Corp IL now owns 14,103 shares of the utilities provider’s stock worth $1,027,000 after purchasing an additional 185 shares in the last quarter. Finally, Contravisory Investment Management Inc. increased its position in Ameren by 0.4% during the 1st quarter. Contravisory Investment Management Inc. now owns 52,625 shares of the utilities provider’s stock worth $3,833,000 after purchasing an additional 190 shares in the last quarter. 74.87% of the stock is owned by institutional investors and hedge funds.
A number of analysts recently commented on AEE shares. Barclays reiterated a “hold” rating and set a $84.00 price objective on shares of Ameren in a research report on Wednesday, April 22nd. BMO Capital Markets assumed coverage on Ameren in a research report on Wednesday, February 19th. They set an “outperform” rating and a $91.00 price objective for the company. Morgan Stanley lowered their price target on Ameren from $79.00 to $74.00 and set an “equal weight” rating for the company in a report on Friday. Evercore ISI upgraded Ameren from an “in-line” rating to an “outperform” rating and lowered their price target for the company from $87.00 to $84.00 in a report on Monday, April 20th. Finally, Wells Fargo & Co restated a “buy” rating on shares of Ameren in a report on Tuesday, May 12th. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $83.64.
Ameren (NYSE:AEE) last issued its earnings results on Monday, May 11th. The utilities provider reported $0.59 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.71 by ($0.12). Ameren had a return on equity of 10.29% and a net margin of 14.01%. The firm had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.56 billion. During the same quarter in the previous year, the firm posted $0.78 EPS. The firm’s revenue for the quarter was down 7.5% compared to the same quarter last year. Analysts predict that Ameren Corp will post 3.41 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Wednesday, June 10th will be issued a dividend of $0.495 per share. This represents a $1.98 dividend on an annualized basis and a dividend yield of 2.88%. The ex-dividend date of this dividend is Tuesday, June 9th. Ameren’s payout ratio is currently 59.10%.
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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