Quadrant Capital Group LLC raised its holdings in shares of Ameren Corp (NYSE:AEE) by 31.6% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,344 shares of the utilities provider’s stock after acquiring an additional 323 shares during the quarter. Quadrant Capital Group LLC’s holdings in Ameren were worth $94,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in AEE. V Wealth Advisors LLC boosted its position in shares of Ameren by 4.7% in the 4th quarter. V Wealth Advisors LLC now owns 3,330 shares of the utilities provider’s stock valued at $216,000 after purchasing an additional 150 shares during the period. HCR Wealth Advisors raised its stake in Ameren by 1.9% during the 4th quarter. HCR Wealth Advisors now owns 8,417 shares of the utilities provider’s stock valued at $549,000 after acquiring an additional 154 shares during the last quarter. Dupont Capital Management Corp raised its stake in Ameren by 5.6% during the 4th quarter. Dupont Capital Management Corp now owns 3,119 shares of the utilities provider’s stock valued at $203,000 after acquiring an additional 166 shares during the last quarter. Securian Asset Management Inc raised its stake in Ameren by 0.8% during the 1st quarter. Securian Asset Management Inc now owns 25,428 shares of the utilities provider’s stock valued at $1,870,000 after acquiring an additional 194 shares during the last quarter. Finally, Cigna Investments Inc. New raised its stake in shares of Ameren by 1.9% during the 4th quarter. Cigna Investments Inc. New now owns 11,757 shares of the utilities provider’s stock worth $767,000 after buying an additional 222 shares in the last quarter. 71.92% of the stock is owned by institutional investors and hedge funds.
In related news, CEO Warner L. Baxter sold 41,090 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $70.77, for a total value of $2,907,939.30. Following the transaction, the chief executive officer now directly owns 364,913 shares of the company’s stock, valued at approximately $25,824,893.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Shawn E. Schukar sold 1,200 shares of the firm’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $75.27, for a total value of $90,324.00. The disclosure for this sale can be found here. Insiders sold a total of 123,073 shares of company stock worth $8,729,755 over the last ninety days. Corporate insiders own 0.52% of the company’s stock.
A number of equities analysts have recently issued reports on the company. ValuEngine raised Ameren from a “hold” rating to a “buy” rating in a research note on Monday, May 13th. Zacks Investment Research raised Ameren from a “sell” rating to a “hold” rating in a research note on Monday, May 6th. Morgan Stanley set a $73.00 price target on Ameren and gave the stock a “hold” rating in a report on Friday, February 22nd. Finally, Wells Fargo & Co upped their price target on Ameren from $73.00 to $77.00 and gave the stock an “outperform” rating in a report on Monday, February 11th. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $69.67.
NYSE:AEE traded down $1.13 during trading hours on Wednesday, reaching $73.19. 959,896 shares of the company traded hands, compared to its average volume of 1,095,157. The stock has a market cap of $18.51 billion, a PE ratio of 21.72, a price-to-earnings-growth ratio of 3.70 and a beta of 0.27. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.43 and a current ratio of 0.59. Ameren Corp has a 1-year low of $55.21 and a 1-year high of $75.25.
Ameren (NYSE:AEE) last posted its quarterly earnings data on Thursday, May 9th. The utilities provider reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.08. The business had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.62 billion. Ameren had a return on equity of 11.22% and a net margin of 13.65%. The business’s revenue was down 1.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.62 earnings per share. As a group, equities research analysts predict that Ameren Corp will post 3.27 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Wednesday, June 12th will be given a $0.475 dividend. This represents a $1.90 annualized dividend and a dividend yield of 2.60%. The ex-dividend date of this dividend is Tuesday, June 11th. Ameren’s dividend payout ratio (DPR) is currently 56.38%.
Ameren Corporation operates as a public utility holding company in the United States. It operates through four segments: Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, and Ameren Transmission. The company engages in the rate-regulated electric generation, transmission, and distribution activities; and rate-regulated natural gas distribution and transmission businesses.
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