Ameren (NYSE:AEE) issued its quarterly earnings results on Friday. The utilities provider reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.05, Bloomberg Earnings reports. Ameren had a return on equity of 8.61% and a net margin of 10.03%. The firm had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.60 billion. During the same period in the previous year, the firm posted $0.13 EPS. The business’s revenue for the quarter was up 3.4% compared to the same quarter last year. Ameren updated its FY18 guidance to $2.95-3.15 EPS.
Ameren (NYSE AEE) traded up $0.06 during mid-day trading on Friday, reaching $56.32. The company had a trading volume of 2,605,647 shares, compared to its average volume of 2,085,789. The company has a market cap of $13,665.20, a PE ratio of 26.20, a PEG ratio of 2.63 and a beta of 0.28. Ameren has a fifty-two week low of $51.89 and a fifty-two week high of $64.89. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.61 and a quick ratio of 0.40.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Wednesday, March 14th will be given a $0.4575 dividend. The ex-dividend date of this dividend is Tuesday, March 13th. This represents a $1.83 annualized dividend and a yield of 3.25%. Ameren’s dividend payout ratio (DPR) is presently 85.12%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in AEE. APG Asset Management N.V. lifted its holdings in shares of Ameren by 463.6% during the 3rd quarter. APG Asset Management N.V. now owns 3,462,798 shares of the utilities provider’s stock valued at $200,288,000 after buying an additional 2,848,400 shares during the period. Millennium Management LLC lifted its holdings in shares of Ameren by 554.0% during the 4th quarter. Millennium Management LLC now owns 1,978,972 shares of the utilities provider’s stock valued at $116,740,000 after buying an additional 1,676,365 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of Ameren by 25.7% during the 4th quarter. Renaissance Technologies LLC now owns 3,180,400 shares of the utilities provider’s stock valued at $187,612,000 after buying an additional 650,200 shares during the period. Canada Pension Plan Investment Board lifted its holdings in shares of Ameren by 452.5% during the 3rd quarter. Canada Pension Plan Investment Board now owns 678,763 shares of the utilities provider’s stock valued at $39,260,000 after buying an additional 555,900 shares during the period. Finally, Wells Fargo & Company MN lifted its holdings in shares of Ameren by 12.9% during the 3rd quarter. Wells Fargo & Company MN now owns 4,478,768 shares of the utilities provider’s stock valued at $259,053,000 after buying an additional 511,854 shares during the period. 69.99% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms recently issued reports on AEE. Zacks Investment Research cut Ameren from a “hold” rating to a “sell” rating in a research report on Wednesday, February 7th. Morgan Stanley set a $53.00 price objective on Ameren and gave the company a “sell” rating in a research report on Tuesday, February 13th. UBS Group began coverage on Ameren in a research report on Friday, February 2nd. They issued a “neutral” rating and a $57.00 price objective on the stock. ValuEngine raised Ameren from a “hold” rating to a “buy” rating in a research report on Wednesday, November 15th. Finally, Bank of America began coverage on Ameren in a research report on Tuesday, October 24th. They issued a “neutral” rating and a $62.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a strong buy rating to the company’s stock. Ameren currently has a consensus rating of “Hold” and a consensus target price of $56.20.
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Ameren 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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