SG Americas Securities LLC grew its holdings in shares of Ameren Corp (NYSE:AEE) by 9.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 98,107 shares of the utilities provider’s stock after purchasing an additional 8,658 shares during the quarter. SG Americas Securities LLC’s holdings in Ameren were worth $7,853,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. Northwest Investment Counselors LLC acquired a new position in Ameren in the 3rd quarter valued at $31,000. SRS Capital Advisors Inc. acquired a new stake in Ameren in the 2nd quarter worth $57,000. Kavar Capital Partners LLC acquired a new stake in Ameren in the 2nd quarter worth $84,000. Altshuler Shaham Ltd grew its position in Ameren by 102.2% in the 2nd quarter. Altshuler Shaham Ltd now owns 1,219 shares of the utilities provider’s stock worth $92,000 after purchasing an additional 616 shares during the last quarter. Finally, Bartlett & Co. LLC grew its position in Ameren by 94.1% in the 3rd quarter. Bartlett & Co. LLC now owns 1,250 shares of the utilities provider’s stock worth $100,000 after purchasing an additional 606 shares during the last quarter. Institutional investors and hedge funds own 70.89% of the company’s stock.
Shares of Ameren stock traded down $0.82 during trading on Friday, hitting $73.81. 2,344,845 shares of the company’s stock traded hands, compared to its average volume of 1,458,800. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.55 and a quick ratio of 0.39. The firm’s fifty day moving average price is $77.57 and its 200 day moving average price is $75.98. Ameren Corp has a twelve month low of $62.51 and a twelve month high of $80.85. The company has a market cap of $18.43 billion, a PE ratio of 21.90, a PEG ratio of 3.59 and a beta of 0.19.
Ameren (NYSE:AEE) last issued its earnings results on Friday, November 8th. The utilities provider reported $1.47 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.01. Ameren had a net margin of 13.08% and a return on equity of 10.31%. The business had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.79 billion. During the same period in the previous year, the business earned $1.50 EPS. The firm’s revenue was down 3.8% on a year-over-year basis. As a group, equities research analysts anticipate that Ameren Corp will post 3.25 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Wednesday, December 11th will be given a dividend of $0.495 per share. This is a positive change from Ameren’s previous quarterly dividend of $0.48. This represents a $1.98 annualized dividend and a dividend yield of 2.68%. The ex-dividend date is Tuesday, December 10th. Ameren’s payout ratio is 56.38%.
AEE has been the topic of several research analyst reports. ValuEngine lowered shares of Ameren from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. UBS Group upgraded shares of Ameren from a “neutral” rating to a “buy” rating and raised their price target for the stock from $83.00 to $86.00 in a research report on Tuesday, October 29th. Argus upgraded shares of Ameren from a “hold” rating to a “buy” rating in a research report on Thursday, July 25th. Bank of America upgraded shares of Ameren from a “neutral” rating to a “buy” rating in a research report on Tuesday, September 17th. They noted that the move was a valuation call. Finally, Morgan Stanley raised their price target on shares of Ameren from $78.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 25th. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average 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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