Janney Montgomery Scott LLC cut its position in shares of Ameren Corp (NYSE:AEE) by 10.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 7,152 shares of the utilities provider’s stock after selling 861 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Ameren were worth $467,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently modified their holdings of AEE. FMR LLC increased its position in shares of Ameren by 285.1% during the 3rd quarter. FMR LLC now owns 3,720,483 shares of the utilities provider’s stock valued at $235,209,000 after purchasing an additional 2,754,278 shares during the period. Bessemer Group Inc. acquired a new position in shares of Ameren during the 3rd quarter valued at $154,395,000. JPMorgan Chase & Co. increased its position in shares of Ameren by 836.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,983,461 shares of the utilities provider’s stock valued at $125,394,000 after purchasing an additional 1,771,596 shares during the period. BlackRock Inc. increased its position in shares of Ameren by 6.0% during the 3rd quarter. BlackRock Inc. now owns 17,545,292 shares of the utilities provider’s stock valued at $1,109,213,000 after purchasing an additional 987,641 shares during the period. Finally, Deutsche Bank AG increased its position in shares of Ameren by 32.1% during the 3rd quarter. Deutsche Bank AG now owns 3,170,658 shares of the utilities provider’s stock valued at $200,444,000 after purchasing an additional 770,744 shares during the period. Institutional investors own 72.77% of the company’s stock.
Shares of NYSE AEE opened at $71.24 on Friday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.39 and a current ratio of 0.57. The firm has a market capitalization of $17.63 billion, a P/E ratio of 21.14, a P/E/G ratio of 3.22 and a beta of 0.31. Ameren Corp has a 52-week low of $53.08 and a 52-week high of $72.36.
Ameren (NYSE:AEE) last issued its earnings results on Thursday, February 14th. The utilities provider reported $0.28 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.04). The company had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.56 billion. Ameren had a return on equity of 10.87% and a net margin of 12.95%. The business’s revenue was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.39 earnings per share. As a group, research analysts expect that Ameren Corp will post 3.3 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Wednesday, March 13th will be issued a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date is Tuesday, March 12th. Ameren’s payout ratio is 56.38%.
Several brokerages have recently issued reports on AEE. Barclays set a $67.00 price target on Ameren and gave the company a “hold” rating in a research report on Saturday, November 17th. Morgan Stanley set a $73.00 price target on Ameren and gave the company a “hold” rating in a research report on Friday, February 22nd. UBS Group cut Ameren from a “buy” rating to a “neutral” rating and set a $71.00 price target on the stock. in a research report on Thursday, November 29th. ValuEngine cut Ameren from a “buy” rating to a “hold” rating in a research report on Thursday, November 1st. Finally, Zacks Investment Research cut Ameren from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 13th. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $68.13.
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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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