BB&T Corp lifted its position in Ameren Corporation (NYSE:AEE) by 52.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,143 shares of the utilities provider’s stock after purchasing an additional 3,818 shares during the quarter. BB&T Corp’s holdings in Ameren Corporation were worth $644,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Credit Suisse AG boosted its position in shares of Ameren Corporation by 17.5% in the 1st quarter. Credit Suisse AG now owns 355,359 shares of the utilities provider’s stock valued at $19,399,000 after purchasing an additional 52,967 shares during the period. Swiss National Bank boosted its position in shares of Ameren Corporation by 2.7% in the 2nd quarter. Swiss National Bank now owns 994,693 shares of the utilities provider’s stock valued at $54,380,000 after purchasing an additional 26,500 shares during the period. Meeder Asset Management Inc. acquired a new stake in shares of Ameren Corporation in the 2nd quarter valued at about $307,000. Acropolis Investment Management LLC boosted its position in shares of Ameren Corporation by 0.5% in the 2nd quarter. Acropolis Investment Management LLC now owns 2,406 shares of the utilities provider’s stock valued at $132,000 after purchasing an additional 11 shares during the period. Finally, Keybank National Association OH boosted its position in shares of Ameren Corporation by 2.4% in the 2nd quarter. Keybank National Association OH now owns 556,239 shares of the utilities provider’s stock valued at $30,410,000 after purchasing an additional 13,022 shares during the period. 71.04% of the stock is owned by hedge funds and other institutional investors.
Shares of Ameren Corporation (AEE) opened at 61.99 on Wednesday. The firm’s 50-day moving average price is $59.84 and its 200-day moving average price is $57.37. Ameren Corporation has a 52-week low of $46.97 and a 52-week high of $62.14. The firm has a market capitalization of $15.04 billion, a PE ratio of 21.70 and a beta of 0.36.
Ameren Corporation (NYSE:AEE) last issued its earnings results on Friday, August 4th. The utilities provider reported $0.79 EPS for the quarter, beating the Zacks’ 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 during the quarter, compared to the consensus estimate of $1.42 billion. During the same period in the previous year, the firm posted $0.61 earnings per share. Ameren Corporation’s quarterly revenue was up 7.8% compared to the same quarter last year. On average, equities analysts predict that Ameren Corporation will post $2.80 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Wednesday, December 13th will be paid a $0.4575 dividend. This is an increase from Ameren Corporation’s previous quarterly dividend of $0.44. This represents a $1.83 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date is Tuesday, December 12th. Ameren Corporation’s payout ratio is presently 61.54%.
A number of analysts recently issued reports on AEE shares. Bank of America Corporation started coverage on Ameren Corporation in a research report on Tuesday, October 24th. They issued a “neutral” rating and a $62.00 target price for the company. Morgan Stanley reissued an “overweight” rating on shares of Ameren Corporation in a research report on Monday, July 10th. BidaskClub raised Ameren Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. Zacks Investment Research cut Ameren Corporation from a “buy” rating to a “hold” rating in a research report on Monday, September 11th. Finally, KeyCorp reissued a “hold” rating on shares of Ameren Corporation in a research report on Friday, October 20th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $56.00.
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Ameren Corporation Company 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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