Mitsubishi UFJ Trust & Banking Corp lessened its stake in Ameren Corporation (NYSE:AEE) by 1.0% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 497,813 shares of the utilities provider’s stock after selling 5,177 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.21% of Ameren worth $28,794,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Strs Ohio grew its holdings in shares of Ameren by 23.6% during the second quarter. Strs Ohio now owns 40,019 shares of the utilities provider’s stock worth $2,187,000 after buying an additional 7,643 shares in the last quarter. NGAM Advisors L.P. lifted its holdings in shares of Ameren by 1.5% during the second quarter. NGAM Advisors L.P. now owns 37,907 shares of the utilities provider’s stock worth $2,072,000 after purchasing an additional 544 shares during the period. Great West Life Assurance Co. Can lifted its holdings in shares of Ameren by 26.1% during the second quarter. Great West Life Assurance Co. Can now owns 284,712 shares of the utilities provider’s stock worth $15,541,000 after purchasing an additional 58,993 shares during the period. Rothschild Asset Management Inc. lifted its holdings in shares of Ameren by 1.9% during the second quarter. Rothschild Asset Management Inc. now owns 10,917 shares of the utilities provider’s stock worth $597,000 after purchasing an additional 207 shares during the period. Finally, CIBC Asset Management Inc lifted its holdings in shares of Ameren by 0.4% during the second quarter. CIBC Asset Management Inc now owns 23,805 shares of the utilities provider’s stock worth $1,301,000 after purchasing an additional 85 shares during the period. 70.39% of the stock is owned by institutional investors.
In other Ameren news, SVP Gregory L. Nelson sold 12,000 shares of the firm’s stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $62.68, for a total value of $752,160.00. Following the completion of the sale, the senior vice president now owns 36,785 shares of the company’s stock, valued at $2,305,683.80. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.38% of the stock is currently owned by company insiders.
Ameren (NYSE:AEE) last released its earnings results on Friday, November 3rd. The utilities provider reported $1.24 EPS for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.07). Ameren had a net margin of 10.03% and a return on equity of 8.61%. The business had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.87 billion. During the same period last year, the business posted $1.52 EPS. Ameren’s revenue was down 7.3% compared to the same quarter last year. equities research analysts expect that Ameren Corporation will post 2.81 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Wednesday, December 13th will be issued a $0.4575 dividend. 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 2.93%. This is an increase from Ameren’s previous quarterly dividend of $0.44. Ameren’s dividend payout ratio (DPR) is 69.84%.
AEE has been the subject of several recent research reports. ValuEngine raised Ameren from a “hold” rating to a “buy” rating in a report on Wednesday, November 15th. BidaskClub raised Ameren from a “hold” rating to a “buy” rating in a report on Friday, August 11th. Morgan Stanley reaffirmed an “equal weight” rating on shares of Ameren in a report on Friday, September 8th. Zacks Investment Research downgraded Ameren from a “buy” rating to a “hold” rating in a report on Monday, September 11th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Ameren in a report on Friday, October 20th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $56.00.
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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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