Q1 2017 Earnings Estimate for Ameren Corp Issued By KeyCorp (AEE)
Ameren Corp (NYSE:AEE) – Analysts at KeyCorp issued their Q1 2017 earnings estimates for shares of Ameren Corp in a note issued to investors on Tuesday. KeyCorp analyst P. Ridzon anticipates that the utilities provider will post earnings per share of $0.42 for the quarter.
Ameren Corp (NYSE:AEE) last announced its quarterly earnings data on Thursday, February 16th. The utilities provider reported $0.13 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by $0.02. The company had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.57 billion. Ameren Corp had a return on equity of 9.14% and a net margin of 10.78%. Ameren Corp’s revenue was up 3.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.12 earnings per share.
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AEE has been the topic of several other research reports. Zacks Investment Research lowered shares of Ameren Corp from a “buy” rating to a “hold” rating in a report on Tuesday, April 11th. Barclays PLC upped their target price on shares of Ameren Corp to $56.00 and gave the stock a “buy” rating in a report on Friday, January 20th.
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Ameren Corp (NYSE:AEE) opened at 54.89 on Thursday. The firm’s 50-day moving average is $54.92 and its 200 day moving average is $51.83. Ameren Corp has a one year low of $46.29 and a one year high of $56.57. The firm has a market capitalization of $13.32 billion, a price-to-earnings ratio of 20.48 and a beta of 0.36.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 31st. Investors of record on Tuesday, March 14th were paid a dividend of $0.44 per share. The ex-dividend date was Friday, March 10th. This represents a $1.76 dividend on an annualized basis and a yield of 3.21%. Ameren Corp’s payout ratio is 65.67%.
In related news, VP Martin J. Lyons sold 1,320 shares of the stock in a transaction that occurred on Wednesday, March 1st. The stock was sold at an average price of $54.32, for a total transaction of $71,702.40. Following the completion of the sale, the vice president now directly owns 103,303 shares of the company’s stock, valued at approximately $5,611,418.96. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Mark C. Lindgren sold 1,024 shares of the stock in a transaction that occurred on Wednesday, March 1st. The stock was sold at an average price of $54.24, for a total value of $55,541.76. Following the sale, the senior vice president now directly owns 21,748 shares of the company’s stock, valued at $1,179,611.52. The disclosure for this sale can be found here. 0.38% of the stock is currently owned by corporate insiders.
Hedge funds have recently bought and sold shares of the company. Bank of Montreal Can boosted its stake in Ameren Corp by 43.1% in the first quarter. Bank of Montreal Can now owns 5,511,317 shares of the utilities provider’s stock worth $300,863,000 after buying an additional 1,659,459 shares during the last quarter. The Manufacturers Life Insurance Company acquired a new stake in Ameren Corp during the third quarter worth about $37,252,000. Asset Management One Co. Ltd. boosted its stake in Ameren Corp by 2,118.8% in the fourth quarter. Asset Management One Co. Ltd. now owns 511,026 shares of the utilities provider’s stock worth $26,815,000 after buying an additional 487,994 shares during the last quarter. Renaissance Technologies LLC boosted its stake in Ameren Corp by 35.6% in the fourth quarter. Renaissance Technologies LLC now owns 1,727,600 shares of the utilities provider’s stock worth $90,630,000 after buying an additional 453,400 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its stake in Ameren Corp by 19.2% in the third quarter. Wells Fargo & Company MN now owns 2,640,982 shares of the utilities provider’s stock worth $129,884,000 after buying an additional 424,742 shares during the last quarter. 69.75% of the stock is owned by institutional investors and hedge funds.
About Ameren Corp
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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