American Century Companies Inc. boosted its holdings in Ameren Corp (NYSE:AEE) by 19.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,957,231 shares of the utilities provider’s stock after purchasing an additional 319,161 shares during the quarter. American Century Companies Inc. owned approximately 0.80% of Ameren worth $123,736,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in the stock. BlackRock Inc. increased its stake in Ameren by 0.8% in the second quarter. BlackRock Inc. now owns 16,557,651 shares of the utilities provider’s stock valued at $1,007,530,000 after purchasing an additional 131,358 shares during the last quarter. Bank of Montreal Can increased its stake in Ameren by 7.8% in the third quarter. Bank of Montreal Can now owns 5,360,731 shares of the utilities provider’s stock valued at $338,906,000 after purchasing an additional 386,293 shares during the last quarter. Wells Fargo & Company MN increased its stake in Ameren by 1.1% in the third quarter. Wells Fargo & Company MN now owns 4,618,373 shares of the utilities provider’s stock valued at $291,974,000 after purchasing an additional 50,663 shares during the last quarter. Renaissance Technologies LLC increased its stake in Ameren by 7.4% in the second quarter. Renaissance Technologies LLC now owns 4,100,847 shares of the utilities provider’s stock valued at $249,537,000 after purchasing an additional 282,247 shares during the last quarter. Finally, Legal & General Group Plc increased its stake in Ameren by 2.8% in the second quarter. Legal & General Group Plc now owns 2,223,608 shares of the utilities provider’s stock valued at $135,285,000 after purchasing an additional 60,210 shares during the last quarter. Hedge funds and other institutional investors own 70.83% of the company’s stock.
Several equities analysts recently commented on the company. ValuEngine lowered Ameren from a “buy” rating to a “hold” rating in a research note on Thursday, November 1st. Barclays upped their target price on Ameren from $63.00 to $65.00 and gave the company a “hold” rating in a research note on Thursday, November 1st. Wolfe Research lowered Ameren from an “outperform” rating to a “hold” rating in a research note on Friday, October 26th. SunTrust Banks assumed coverage on Ameren in a research note on Wednesday, September 26th. They issued a “hold” rating and a $64.00 target price for the company. Finally, Morgan Stanley dropped their target price on Ameren from $67.00 to $65.00 and set an “equal weight” rating for the company in a research note on Friday, September 21st. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $65.13.
Shares of NYSE:AEE opened at $67.32 on Friday. The stock has a market cap of $15.90 billion, a price-to-earnings ratio of 23.79, a PEG ratio of 2.85 and a beta of 0.15. The company has a quick ratio of 0.43, a current ratio of 0.64 and a debt-to-equity ratio of 0.98. Ameren Corp has a 12 month low of $51.89 and a 12 month high of $67.50.
Ameren (NYSE:AEE) last announced its quarterly earnings results on Wednesday, October 31st. The utilities provider reported $1.50 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.31 by $0.19. The company had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.82 billion. Ameren had a return on equity of 11.38% and a net margin of 10.95%. The firm’s revenue was up .1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.24 earnings per share. Research analysts predict that Ameren Corp will post 3.4 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 31st. Shareholders of record on Wednesday, December 12th will be paid a dividend of $0.475 per share. The ex-dividend date is Tuesday, December 11th. This is a positive change from Ameren’s previous quarterly dividend of $0.46. This represents a $1.90 annualized dividend and a yield of 2.82%. Ameren’s dividend payout ratio is currently 64.66%.
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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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