Shell Asset Management Co. purchased a new position in Ameren Corp (NYSE:AEE) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 83,929 shares of the utilities provider’s stock, valued at approximately $4,951,000.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Arizona State Retirement System grew its holdings in shares of Ameren by 5.8% in the 4th quarter. Arizona State Retirement System now owns 206,775 shares of the utilities provider’s stock worth $12,198,000 after acquiring an additional 11,361 shares during the period. State of Wisconsin Investment Board grew its holdings in shares of Ameren by 2.1% in the 4th quarter. State of Wisconsin Investment Board now owns 214,369 shares of the utilities provider’s stock worth $12,646,000 after acquiring an additional 4,329 shares during the period. GWM Advisors LLC acquired a new stake in shares of Ameren in the 4th quarter worth approximately $252,000. Toronto Dominion Bank grew its holdings in shares of Ameren by 13.6% in the 4th quarter. Toronto Dominion Bank now owns 104,517 shares of the utilities provider’s stock worth $6,166,000 after acquiring an additional 12,480 shares during the period. Finally, Pinnacle Financial Partners Inc. grew its holdings in shares of Ameren by 27.2% in the 4th quarter. Pinnacle Financial Partners Inc. now owns 5,786 shares of the utilities provider’s stock worth $341,000 after acquiring an additional 1,237 shares during the period. Institutional investors and hedge funds own 69.68% of the company’s stock.
In related news, SVP Gregory L. Nelson sold 12,000 shares of the company’s stock in a transaction that occurred 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 sale, the senior vice president now owns 36,785 shares of the company’s stock, valued at approximately $2,305,683.80. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.38% of the stock is currently owned by corporate insiders.
Ameren (NYSE:AEE) last posted its earnings results on Friday, February 16th. The utilities provider reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.05. Ameren had a return on equity of 9.43% and a net margin of 8.47%. The firm had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.60 billion. During the same quarter in the prior year, the company earned $0.13 EPS. Ameren’s revenue was up 3.4% on a year-over-year basis. equities analysts forecast that Ameren Corp will post 3.03 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Wednesday, March 14th will be paid a $0.4575 dividend. This represents a $1.83 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date is Tuesday, March 13th. Ameren’s payout ratio is currently 85.12%.
A number of research firms recently weighed in on AEE. Zacks Investment Research upgraded Ameren from a “sell” rating to a “hold” rating in a report on Tuesday, February 13th. Morgan Stanley set a $53.00 price target on Ameren and gave the stock a “sell” rating in a report on Tuesday, February 13th. UBS Group began coverage on Ameren in a report on Friday, February 2nd. They issued a “neutral” rating and a $57.00 price target on the stock. ValuEngine cut Ameren from a “buy” rating to a “hold” rating in a report on Monday, December 4th. Finally, Bank of America began coverage on Ameren in a report on Tuesday, October 24th. They issued a “neutral” rating and a $62.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued 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 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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