Maple Brown Abbott Ltd reduced its stake in Ameren Corporation (NYSE:AEE) by 95.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 34,900 shares of the utilities provider’s stock after selling 704,513 shares during the period. Ameren Corporation makes up 0.2% of Maple Brown Abbott Ltd’s portfolio, making the stock its 19th biggest position. Maple Brown Abbott Ltd’s holdings in Ameren Corporation were worth $2,019,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Ameren Corporation by 1.0% in the second quarter. Vanguard Group Inc. now owns 25,785,464 shares of the utilities provider’s stock worth $1,409,691,000 after acquiring an additional 248,010 shares during the last quarter. BlackRock Inc. grew its stake in shares of Ameren Corporation by 2.2% in the second quarter. BlackRock Inc. now owns 16,134,996 shares of the utilities provider’s stock worth $882,101,000 after acquiring an additional 344,141 shares during the last quarter. Epoch Investment Partners Inc. grew its stake in shares of Ameren Corporation by 1.3% in the second quarter. Epoch Investment Partners Inc. now owns 5,209,589 shares of the utilities provider’s stock worth $284,808,000 after acquiring an additional 67,494 shares during the last quarter. Wells Fargo & Company MN grew its stake in shares of Ameren Corporation by 13.9% in the second quarter. Wells Fargo & Company MN now owns 3,966,914 shares of the utilities provider’s stock worth $216,871,000 after acquiring an additional 483,928 shares during the last quarter. Finally, APG Asset Management N.V. grew its stake in shares of Ameren Corporation by 463.6% in the third quarter. APG Asset Management N.V. now owns 3,462,798 shares of the utilities provider’s stock worth $200,288,000 after acquiring an additional 2,848,400 shares during the last quarter. 71.24% of the stock is currently owned by hedge funds and other institutional investors.
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A number of research firms have recently commented on AEE. Bank of America Corporation began coverage on Ameren Corporation in a research note on Tuesday, October 24th. They issued a “neutral” rating and a $62.00 target price on the stock. KeyCorp reissued a “hold” rating on shares of Ameren Corporation in a research note on Friday, October 20th. Zacks Investment Research cut Ameren Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. Morgan Stanley reissued an “equal weight” rating on shares of Ameren Corporation in a research note on Friday, September 8th. Finally, BidaskClub raised Ameren Corporation from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 26th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a strong buy rating to the stock. Ameren Corporation has a consensus rating of “Hold” and a consensus price target of $56.00.
Shares of Ameren Corporation (NYSE AEE) traded down $0.10 during trading hours on Monday, hitting $62.09. The stock had a trading volume of 96,036 shares, compared to its average volume of 1,249,833. Ameren Corporation has a 1 year low of $46.97 and a 1 year high of $62.83. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.40 and a current ratio of 0.61. The company has a market capitalization of $15,089.46, a P/E ratio of 24.10, a P/E/G ratio of 3.32 and a beta of 0.38.
Ameren Corporation (NYSE:AEE) last released its quarterly earnings results on Friday, November 3rd. The utilities provider reported $1.24 earnings per share for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.07). The business had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.87 billion. Ameren Corporation had a return on equity of 8.61% and a net margin of 10.03%. The business’s revenue for the quarter was down 7.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.52 EPS. sell-side analysts expect that Ameren Corporation will post 2.81 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Wednesday, December 13th will be issued a $0.4575 dividend. This is a boost from Ameren Corporation’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend is Tuesday, December 12th. This represents a $1.83 dividend on an annualized basis and a yield of 2.95%. Ameren Corporation’s dividend payout ratio is presently 69.84%.
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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