Bank of Nova Scotia boosted its position in Ameren Corporation (NYSE:AEE) by 638.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 412,012 shares of the utilities provider’s stock after acquiring an additional 356,191 shares during the quarter. Bank of Nova Scotia owned 0.17% of Ameren Corporation worth $22,525,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently modified their holdings of the stock. Bessemer Group Inc. acquired a new position in shares of Ameren Corporation during the second quarter worth about $111,000. Acropolis Investment Management LLC lifted its stake in shares of Ameren Corporation by 0.5% during the second quarter. Acropolis Investment Management LLC now owns 2,406 shares of the utilities provider’s stock worth $132,000 after purchasing an additional 11 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its stake in shares of Ameren Corporation by 2.4% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,408 shares of the utilities provider’s stock worth $132,000 after purchasing an additional 56 shares in the last quarter. V Wealth Management LLC acquired a new position in shares of Ameren Corporation during the second quarter worth about $138,000. Finally, Tower Research Capital LLC TRC lifted its stake in shares of Ameren Corporation by 367.3% during the first quarter. Tower Research Capital LLC TRC now owns 2,612 shares of the utilities provider’s stock worth $143,000 after purchasing an additional 2,053 shares in the last quarter. Hedge funds and other institutional investors own 69.80% of the company’s stock.
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AEE has been the topic of a number of recent research reports. BidaskClub upgraded Ameren Corporation from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 26th. Morgan Stanley restated an “equal weight” rating on shares of Ameren Corporation in a research note on Friday, September 8th. Goldman Sachs Group, Inc. (The) cut Ameren Corporation from a “neutral” rating to a “sell” rating and set a $51.00 price objective on the stock. in a research note on Monday, June 26th. Finally, Zacks Investment Research cut Ameren Corporation from a “buy” rating to a “hold” rating in a research note on Monday, September 11th. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $54.50.
Shares of Ameren Corporation (NYSE AEE) traded down 0.43% on Wednesday, hitting $59.60. The company’s stock had a trading volume of 180,572 shares. The stock’s 50 day moving average price is $59.39 and its 200 day moving average price is $56.71. The stock has a market capitalization of $14.46 billion, a P/E ratio of 20.84 and a beta of 0.36. Ameren Corporation has a 52 week low of $46.84 and a 52 week high of $60.91.
Ameren Corporation (NYSE:AEE) last issued its quarterly earnings data on Friday, August 4th. The utilities provider reported $0.79 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.69 by $0.10. The firm had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.42 billion. Ameren Corporation had a net margin of 11.11% and a return on equity of 9.57%. Ameren Corporation’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.61 earnings per share. On average, analysts forecast that Ameren Corporation will post $2.80 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Wednesday, September 13th were issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 2.94%. The ex-dividend date of this dividend was Tuesday, September 12th. Ameren Corporation’s dividend payout ratio is presently 61.54%.
Ameren Corporation Profile
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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