UBS Asset Management Americas Inc. raised its holdings in Ameren Corp (NYSE:AEE) by 3.5% during the fourth quarter, Holdings Channel reports. The fund owned 1,083,260 shares of the utilities provider’s stock after purchasing an additional 37,072 shares during the period. UBS Asset Management Americas Inc.’s holdings in Ameren were worth $63,902,000 at the end of the most recent quarter.
Other hedge funds have also made changes to their positions in the company. QUANTRES ASSET MANAGEMENT Ltd bought a new position in shares of Ameren during the fourth quarter worth $1,068,000. Vident Investment Advisory LLC boosted its position in shares of Ameren by 21.4% during the third quarter. Vident Investment Advisory LLC now owns 52,517 shares of the utilities provider’s stock worth $3,038,000 after purchasing an additional 9,275 shares in the last quarter. AXA boosted its position in shares of Ameren by 46.8% during the third quarter. AXA now owns 150,896 shares of the utilities provider’s stock worth $8,727,000 after purchasing an additional 48,083 shares in the last quarter. Hexavest Inc. boosted its position in shares of Ameren by 2.0% during the fourth quarter. Hexavest Inc. now owns 423,357 shares of the utilities provider’s stock worth $24,974,000 after purchasing an additional 8,495 shares in the last quarter. Finally, Empire Life Investments Inc. bought a new position in shares of Ameren during the third quarter worth $8,968,000. 69.68% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts have recently weighed in on AEE shares. Zacks Investment Research raised shares of Ameren from a “strong sell” rating to a “hold” rating in a research report on Monday, January 15th. Morgan Stanley cut shares of Ameren from an “equal weight” rating to an “underweight” rating and set a $61.00 price target on the stock. in a research report on Wednesday, December 13th. ValuEngine cut shares of Ameren from a “buy” rating to a “hold” rating in a research report on Monday, December 4th. Finally, UBS Group lifted their price target on shares of Ameren from $54.00 to $57.00 and gave the stock a “neutral” rating in a research report on Wednesday. Two equities research 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 presently has a consensus rating of “Hold” and a consensus price target of $56.20.
Ameren Corp (NYSE:AEE) opened at $56.35 on Friday. The firm has a market cap of $13,243.53, a price-to-earnings ratio of 26.21, a PEG ratio of 2.61 and a beta of 0.28. Ameren Corp has a 52-week low of $51.89 and a 52-week high of $64.89. The company has a current ratio of 0.55, a quick ratio of 0.37 and a debt-to-equity ratio of 0.97.
Ameren (NYSE:AEE) last posted its quarterly earnings data on Friday, February 16th. The utilities provider reported $0.39 EPS for the quarter, beating the consensus estimate of $0.34 by $0.05. The business had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.60 billion. Ameren had a net margin of 8.47% and a return on equity of 9.43%. The firm’s revenue was up 3.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.13 EPS. research analysts anticipate that Ameren Corp will post 3.02 EPS for the current year.
The business 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 is currently 85.12%.
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.
Want to see what other hedge funds are holding AEE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ameren Corp (NYSE:AEE).
Receive News & Ratings for Ameren Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ameren and related companies with MarketBeat.com's FREE daily email newsletter.