IFM Investors Pty Ltd boosted its stake in Ameren Corp (NYSE:AEE) by 40.6% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,720 shares of the utilities provider’s stock after purchasing an additional 7,433 shares during the quarter. IFM Investors Pty Ltd’s holdings in Ameren were worth $2,059,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of AEE. Northwest Investment Counselors LLC acquired a new position in Ameren during the third quarter worth about $31,000. SRS Capital Advisors Inc. acquired a new position in Ameren during the second quarter worth about $57,000. Kavar Capital Partners LLC acquired a new position in Ameren during the second quarter worth about $84,000. Altshuler Shaham Ltd raised its stake in Ameren by 102.2% during the second quarter. Altshuler Shaham Ltd now owns 1,219 shares of the utilities provider’s stock worth $92,000 after acquiring an additional 616 shares in the last quarter. Finally, Motco raised its stake in Ameren by 12.4% during the second quarter. Motco now owns 1,498 shares of the utilities provider’s stock worth $113,000 after acquiring an additional 165 shares in the last quarter. 70.89% of the stock is owned by institutional investors and hedge funds.
AEE has been the subject of several research analyst reports. Wolfe Research raised Ameren from a “market perform” rating to an “outperform” rating and set a $80.00 target price for the company in a research note on Thursday, September 12th. SunTrust Banks lowered their target price on Ameren from $84.00 to $81.00 and set a “hold” rating for the company in a research note on Wednesday, October 16th. Morgan Stanley boosted their target price on Ameren from $78.00 to $82.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 25th. ValuEngine downgraded Ameren from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Bank of America raised 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. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $78.83.
Ameren (NYSE:AEE) last released its quarterly earnings results on Friday, November 8th. The utilities provider reported $1.47 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.43 by $0.04. The company had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.79 billion. Ameren had a return on equity of 10.31% and a net margin of 13.08%. The business’s quarterly revenue was down 3.8% compared to the same quarter last year. During the same period in the previous year, the business posted $1.50 earnings per share. As a group, sell-side analysts expect that Ameren Corp will post 3.25 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Wednesday, December 11th will be issued a dividend of $0.495 per share. This is a boost 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%.
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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