ING Groep NV increased its holdings in shares of Ameren Co. (NYSE:AEE) by 2.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,775 shares of the utilities provider’s stock after acquiring an additional 378 shares during the quarter. ING Groep NV’s holdings in Ameren were worth $1,365,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. ADE LLC purchased a new position in shares of Ameren in the fourth quarter valued at $27,000. Twin Tree Management LP purchased a new position in Ameren during the 4th quarter valued at about $30,000. ShoreHaven Wealth Partners LLC purchased a new position in Ameren during the 4th quarter valued at about $31,000. Vantage Consulting Group Inc purchased a new position in shares of Ameren during the 4th quarter worth approximately $40,000. Finally, Signet Investment Advisory Group Inc. purchased a new position in shares of Ameren during the 4th quarter worth approximately $59,000. Institutional investors and hedge funds own 76.02% of the company’s stock.
Several equities analysts recently issued reports on AEE shares. Morgan Stanley lowered their price objective on Ameren from $87.00 to $86.00 and set an “equal weight” rating on the stock in a research report on Tuesday, May 18th. Barclays upped their price objective on Ameren from $81.00 to $88.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 25th. Bank of America upgraded Ameren from a “neutral” rating to a “buy” rating and increased their price target for the stock from $84.00 to $89.00 in a research note on Tuesday, April 13th. Finally, Mizuho began coverage on Ameren in a research report on Wednesday, April 14th. They set a “neutral” rating and a $83.00 price objective for the company. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $87.17.
Ameren (NYSE:AEE) last issued its quarterly earnings data on Sunday, May 9th. The utilities provider reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.12. The business had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.54 billion. Ameren had a net margin of 16.18% and a return on equity of 10.84%. The company’s revenue was up 8.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.59 earnings per share. As a group, sell-side analysts expect that Ameren Co. will post 3.77 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 30th. Shareholders of record on Wednesday, June 9th will be given a $0.55 dividend. The ex-dividend date is Tuesday, June 8th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.56%. Ameren’s dividend payout ratio (DPR) is currently 62.86%.
In other news, insider Richard J. Mark sold 6,000 shares of the business’s stock in a transaction dated Wednesday, March 31st. The shares were sold at an average price of $81.17, for a total transaction of $487,020.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Fadi M. Diya sold 8,000 shares of the business’s stock in a transaction dated Thursday, May 27th. The stock was sold at an average price of $83.91, for a total transaction of $671,280.00. The disclosure for this sale can be found here. Corporate insiders own 0.56% of the company’s stock.
Ameren Corporation, together with its subsidiaries, 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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