First Heartland Consultants Inc. boosted its position in Ameren Corporation (NYSE:AEE) by 9.4% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,688 shares of the utilities provider’s stock after buying an additional 658 shares during the period. First Heartland Consultants Inc.’s holdings in Ameren Corporation were worth $420,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of AEE. BlackRock Inc. boosted its position in Ameren Corporation by 2,750.0% in the first quarter. BlackRock Inc. now owns 15,790,855 shares of the utilities provider’s stock worth $862,024,000 after buying an additional 15,236,793 shares during the last quarter. Bank of Montreal Can raised its stake in shares of Ameren Corporation by 43.1% in the first quarter. Bank of Montreal Can now owns 5,511,317 shares of the utilities provider’s stock worth $300,863,000 after buying an additional 1,659,459 shares during the period. Clearbridge Investments LLC raised its stake in Ameren Corporation by 394,363.1% in the first quarter. Clearbridge Investments LLC now owns 1,238,614 shares of the utilities provider’s stock valued at $67,616,000 after buying an additional 1,238,300 shares during the last quarter. Vanguard Group Inc. raised its stake in Ameren Corporation by 3.6% in the first quarter. Vanguard Group Inc. now owns 25,537,454 shares of the utilities provider’s stock valued at $1,394,090,000 after buying an additional 885,912 shares during the last quarter. Finally, State of Tennessee Treasury Department raised its stake in Ameren Corporation by 989.9% in the first quarter. State of Tennessee Treasury Department now owns 823,966 shares of the utilities provider’s stock valued at $44,980,000 after buying an additional 748,367 shares during the last quarter. 71.07% of the stock is currently owned by institutional investors and hedge funds.
Shares of Ameren Corporation (AEE) opened at 59.21 on Friday. The firm’s 50-day moving average is $56.28 and its 200-day moving average is $55.29. The stock has a market capitalization of $14.37 billion, a price-to-earnings ratio of 20.72 and a beta of 0.36. Ameren Corporation has a 1-year low of $46.84 and a 1-year high of $59.75.
Ameren Corporation (NYSE:AEE) last announced its earnings results on Friday, August 4th. The utilities provider reported $0.79 EPS for the quarter, beating the consensus estimate of $0.69 by $0.10. Ameren Corporation had a return on equity of 9.57% and a net margin of 11.11%. The company had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same quarter in the prior year, the company earned $0.61 EPS. The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. On average, analysts predict that Ameren Corporation will post $2.81 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Wednesday, September 13th will be given a dividend of $0.44 per share. The ex-dividend date of this dividend is Tuesday, September 12th. This represents a $1.76 annualized dividend and a dividend yield of 2.97%. Ameren Corporation’s payout ratio is 61.54%.
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AEE has been the subject of several recent research reports. Barclays PLC reiterated an “overweight” rating and set a $60.00 target price (up previously from $56.00) on shares of Ameren Corporation in a research note on Sunday, April 23rd. Morgan Stanley restated an “overweight” rating on shares of Ameren Corporation in a research report on Monday, July 10th. Goldman Sachs Group, Inc. (The) lowered shares of Ameren Corporation from a “neutral” rating to a “sell” rating and set a $51.00 price target for the company. in a research report on Monday, June 26th. Finally, BidaskClub raised shares of Ameren Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. Ameren Corporation has a consensus rating of “Hold” and a consensus target price of $55.20.
In related news, Chairman Warner L. Baxter sold 13,310 shares of the company’s stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $56.23, for a total transaction of $748,421.30. Following the sale, the chairman now owns 145,939 shares in the company, valued at approximately $8,206,149.97. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.38% of the stock is owned by corporate 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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