Russell Investments Group Ltd. reduced its position in shares of Ameren Corp (NYSE:AEE) by 7.4% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 343,815 shares of the utilities provider’s stock after selling 27,612 shares during the quarter. Russell Investments Group Ltd. owned 0.14% of Ameren worth $27,518,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Northwest Investment Counselors LLC bought a new stake in shares of Ameren during the 3rd quarter valued at about $31,000. SRS Capital Advisors Inc. bought a new stake in shares of Ameren during the 2nd quarter valued at about $57,000. Kavar Capital Partners LLC bought a new position in shares of Ameren during the 2nd quarter valued at approximately $84,000. Altshuler Shaham Ltd grew its stake in shares of Ameren by 102.2% during the 2nd quarter. Altshuler Shaham Ltd now owns 1,219 shares of the utilities provider’s stock valued at $92,000 after acquiring an additional 616 shares during the period. Finally, Motco grew its stake in shares of Ameren by 12.4% during the 2nd quarter. Motco now owns 1,498 shares of the utilities provider’s stock valued at $113,000 after acquiring an additional 165 shares during the period. Institutional investors and hedge funds own 70.89% of the company’s stock.
NYSE AEE opened at $74.63 on Friday. The stock’s 50 day moving average is $77.67 and its 200 day moving average is $75.97. The company has a current ratio of 0.55, a quick ratio of 0.39 and a debt-to-equity ratio of 1.04. Ameren Corp has a 12 month low of $62.51 and a 12 month high of $80.85. The stock has a market cap of $18.43 billion, a PE ratio of 22.15, a P/E/G ratio of 3.59 and a beta of 0.19.
Ameren (NYSE:AEE) last posted its quarterly earnings results on Friday, November 8th. The utilities provider reported $1.47 EPS for the quarter, topping the Zacks’ consensus estimate of $1.43 by $0.04. Ameren had a return on equity of 10.31% and a net margin of 13.08%. The company had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.79 billion. During the same period in the previous year, the firm earned $1.50 EPS. The firm’s revenue was down 3.8% compared to the same quarter last year. On average, analysts forecast that Ameren Corp will post 3.25 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Wednesday, December 11th will be issued a $0.495 dividend. The ex-dividend date is Tuesday, December 10th. This is a boost from Ameren’s previous quarterly dividend of $0.48. This represents a $1.98 dividend on an annualized basis and a yield of 2.65%. Ameren’s payout ratio is currently 56.38%.
A number of research analysts recently issued reports on AEE shares. Bank of America upgraded Ameren from a “neutral” rating to a “buy” rating in a research note on Tuesday, September 17th. They noted that the move was a valuation call. UBS Group upgraded Ameren from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $83.00 to $86.00 in a research note on Tuesday, October 29th. Morgan Stanley boosted their price objective on Ameren from $78.00 to $82.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 25th. Argus upgraded Ameren from a “hold” rating to a “buy” rating in a research note on Thursday, July 25th. Finally, ValuEngine downgraded Ameren from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $78.83.
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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