Farmers & Merchants Investments Inc. maintained its stake in Ameren Corporation (NYSE:AEE) during the second quarter, according to its most recent filing with the SEC. The fund owned 7,348 shares of the utilities provider’s stock at the end of the second quarter. Farmers & Merchants Investments Inc.’s holdings in Ameren Corporation were worth $402,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its position in shares of Ameren Corporation by 2.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 522,565 shares of the utilities provider’s stock worth $27,414,000 after buying an additional 12,576 shares in the last quarter. Federated Investors Inc. PA increased its position in shares of Ameren Corporation by 7.4% in the fourth quarter. Federated Investors Inc. PA now owns 6,355 shares of the utilities provider’s stock worth $333,000 after buying an additional 438 shares in the last quarter. FMR LLC increased its position in shares of Ameren Corporation by 10.8% in the fourth quarter. FMR LLC now owns 131,144 shares of the utilities provider’s stock worth $6,880,000 after buying an additional 12,752 shares in the last quarter. Thrivent Financial for Lutherans increased its position in shares of Ameren Corporation by 5.8% in the fourth quarter. Thrivent Financial for Lutherans now owns 8,890 shares of the utilities provider’s stock worth $466,000 after buying an additional 490 shares in the last quarter. Finally, Kentucky Retirement Systems acquired a new position in Ameren Corporation during the fourth quarter valued at $924,000. Institutional investors own 71.82% of the company’s stock.
Shares of Ameren Corporation (AEE) opened at 57.95 on Friday. The stock’s 50 day moving average is $55.81 and its 200-day moving average is $55.04. Ameren Corporation has a 1-year low of $46.84 and a 1-year high of $58.75. The stock has a market cap of $14.06 billion, a price-to-earnings ratio of 20.28 and a beta of 0.36.
Ameren Corporation (NYSE:AEE) last released its earnings results on Friday, August 4th. The utilities provider reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.10. The firm had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.42 billion. Ameren Corporation had a return on equity of 9.57% and a net margin of 11.11%. The company’s revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.61 EPS. On average, analysts anticipate that Ameren Corporation will post $2.79 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Wednesday, September 13th will be issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.04%. Ameren Corporation’s dividend payout ratio (DPR) is currently 61.54%.
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Several research firms have weighed in on AEE. BidaskClub downgraded shares of Ameren Corporation from a “hold” rating to a “sell” rating in a report on Saturday, July 1st. Zacks Investment Research downgraded shares of Ameren Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, April 18th. Barclays PLC reiterated an “overweight” rating and set a $60.00 price target (up from $56.00) on shares of Ameren Corporation in a report on Sunday, April 23rd. Morgan Stanley lifted their price target on shares of Ameren Corporation from $56.00 to $57.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, Goldman Sachs Group, Inc. (The) cut shares of Ameren Corporation from a “neutral” rating to a “sell” rating and set a $51.00 target price on the stock. in a research report on Monday, June 26th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. Ameren Corporation presently has an average rating of “Hold” and a consensus price target of $55.20.
In other news, Chairman Warner L. Baxter sold 13,310 shares of the business’s stock in a transaction on Friday, June 9th. The stock was sold at an average price of $56.23, for a total transaction of $748,421.30. Following the completion of the transaction, the chairman now owns 145,939 shares of the company’s stock, valued at approximately $8,206,149.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.38% of the stock is currently owned by insiders.
About Ameren Corporation
Ameren Corporation is a utility holding company. The Company’s subsidiaries include Ameren Missouri, Ameren Illinois and Ameren Transmission Company (ATXI). It operates through four segments. The Ameren Missouri segment includes all of the operations of Ameren Missouri. The Ameren Illinois Electric Distribution segment consists of the electric distribution business of Ameren Illinois.
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