CarsonAllaria Wealth Management Ltd. acquired a new stake in shares of Ameren Co. (NYSE:AEE – Get Rating) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 3,134 shares of the utilities provider’s stock, valued at approximately $279,000.
A number of other institutional investors have also made changes to their positions in AEE. Geode Capital Management LLC raised its stake in shares of Ameren by 3.9% during the 3rd quarter. Geode Capital Management LLC now owns 4,783,723 shares of the utilities provider’s stock worth $386,500,000 after purchasing an additional 180,828 shares in the last quarter. Lazard Asset Management LLC raised its position in shares of Ameren by 2.0% in the 4th quarter. Lazard Asset Management LLC now owns 3,682,048 shares of the utilities provider’s stock worth $327,738,000 after acquiring an additional 72,865 shares in the last quarter. Putnam Investments LLC increased its position in Ameren by 0.8% during the third quarter. Putnam Investments LLC now owns 2,715,105 shares of the utilities provider’s stock valued at $219,923,000 after acquiring an additional 21,851 shares during the last quarter. Northern Trust Corp grew its holdings in Ameren by 0.3% during the 4th quarter. Northern Trust Corp now owns 2,707,609 shares of the utilities provider’s stock valued at $241,004,000 after buying an additional 7,290 shares in the last quarter. Finally, California Public Employees Retirement System grew its holdings in Ameren by 2.4% during the 3rd quarter. California Public Employees Retirement System now owns 1,954,094 shares of the utilities provider’s stock worth $158,282,000 after acquiring an additional 45,786 shares in the last quarter. 75.06% of the stock is currently owned by hedge funds and other institutional investors.
Several brokerages have recently weighed in on AEE. Wells Fargo & Company lifted their target price on shares of Ameren from $95.00 to $100.00 and gave the company an “overweight” rating in a report on Friday, March 25th. StockNews.com initiated coverage on Ameren in a report on Thursday, March 31st. They issued a “hold” rating for the company. Mizuho raised their price target on Ameren from $90.00 to $98.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 26th. Credit Suisse Group started coverage on Ameren in a report on Monday, April 25th. They set an “outperform” rating and a $104.00 price objective for the company. Finally, Morgan Stanley lifted their price objective on shares of Ameren from $92.00 to $101.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 20th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $96.57.
AEE traded down $0.81 on Thursday, hitting $92.61. 1,439,074 shares of the company were exchanged, compared to its average volume of 1,317,042. The stock has a market capitalization of $23.91 billion, a PE ratio of 23.42, a price-to-earnings-growth ratio of 3.16 and a beta of 0.34. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.49 and a current ratio of 0.70. The firm has a fifty day simple moving average of $92.71 and a two-hundred day simple moving average of $88.45. Ameren Co. has a 12 month low of $79.35 and a 12 month high of $99.20.
Ameren (NYSE:AEE – Get Rating) last posted its earnings results on Thursday, May 5th. The utilities provider reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.01. The business had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.61 billion. Ameren had a return on equity of 10.39% and a net margin of 15.04%. The business’s quarterly revenue was up 20.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.91 EPS. On average, equities analysts expect that Ameren Co. will post 4.07 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, March 31st. Shareholders of record on Wednesday, March 9th were issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 2.55%. This is a boost from Ameren’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend was Tuesday, March 8th. Ameren’s dividend payout ratio (DPR) is presently 60.51%.
Ameren Profile (Get Rating)
Ameren Corporation, together with its subsidiaries, 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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