State of Tennessee Treasury Department decreased its stake in shares of Ameren Corporation (NYSE:AEE) by 89.4% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 98,801 shares of the utilities provider’s stock after selling 837,062 shares during the quarter. State of Tennessee Treasury Department’s holdings in Ameren Corporation were worth $5,715,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of AEE. Bessemer Group Inc. bought a new position in shares of Ameren Corporation during the second quarter worth $111,000. Cable Hill Partners LLC boosted its position in shares of Ameren Corporation by 400.2% during the third quarter. Cable Hill Partners LLC now owns 2,031 shares of the utilities provider’s stock worth $117,000 after acquiring an additional 1,625 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its position in shares of Ameren Corporation by 2.4% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,408 shares of the utilities provider’s stock worth $132,000 after acquiring an additional 56 shares during the last quarter. V Wealth Management LLC bought a new position in shares of Ameren Corporation during the second quarter worth $138,000. Finally, Seizert Capital Partners LLC bought a new position in shares of Ameren Corporation during the third quarter worth $201,000. Hedge funds and other institutional investors own 70.25% of the company’s stock.
AEE has been the subject of a number of research reports. Zacks Investment Research lowered shares of Ameren Corporation from a “buy” rating to a “hold” rating in a research report on Monday, September 11th. KeyCorp restated a “hold” rating on shares of Ameren Corporation in a research report on Friday, October 20th. Morgan Stanley restated an “equal weight” rating on shares of Ameren Corporation in a research report on Friday, September 8th. BidaskClub upgraded shares of Ameren Corporation from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 26th. Finally, Bank of America Corporation initiated coverage on shares of Ameren Corporation in a research report on Tuesday, October 24th. They set a “neutral” rating and a $62.00 target price for the company. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a strong buy rating to the stock. Ameren Corporation currently has an average rating of “Hold” and a consensus price target of $56.00.
Ameren Corporation (NYSE AEE) opened at $63.39 on Tuesday. Ameren Corporation has a 12-month low of $46.97 and a 12-month high of $63.42. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.40 and a current ratio of 0.61. The company has a market cap of $15,159.82, a price-to-earnings ratio of 24.22, a price-to-earnings-growth ratio of 3.33 and a beta of 0.38.
Ameren Corporation (NYSE:AEE) last released its quarterly earnings data on Friday, November 3rd. The utilities provider reported $1.24 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.31 by ($0.07). Ameren Corporation had a net margin of 10.03% and a return on equity of 8.61%. The business had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter last year, the business earned $1.52 EPS. Ameren Corporation’s revenue for the quarter was down 7.3% compared to the same quarter last year. equities research analysts forecast that Ameren Corporation will post 2.81 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Wednesday, December 13th will be given a dividend of $0.4575 per share. The ex-dividend date is Tuesday, December 12th. This represents a $1.83 annualized dividend and a yield of 2.89%. This is a positive change from Ameren Corporation’s previous quarterly dividend of $0.44. Ameren Corporation’s dividend payout ratio (DPR) is 69.84%.
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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