State of Alaska Department of Revenue grew its holdings in Ameren Corp (NYSE:AEE) by 23.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 87,214 shares of the utilities provider’s stock after acquiring an additional 16,600 shares during the quarter. State of Alaska Department of Revenue’s holdings in Ameren were worth $5,512,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also bought and sold shares of the company. Rampart Investment Management Company LLC bought a new position in Ameren in the second quarter worth $150,000. Orrstown Financial Services Inc. bought a new position in Ameren in the second quarter worth $152,000. Bronfman E.L. Rothschild L.P. lifted its position in Ameren by 274.3% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 2,553 shares of the utilities provider’s stock worth $155,000 after purchasing an additional 1,871 shares during the period. Centaurus Financial Inc. bought a new position in shares of Ameren during the second quarter valued at $166,000. Finally, Piedmont Investment Advisors LLC bought a new position in shares of Ameren during the second quarter valued at $174,000. 70.46% of the stock is owned by institutional investors.
A number of brokerages have issued reports on AEE. Barclays began coverage on Ameren in a report on Tuesday, July 10th. They set an “equal weight” rating and a $63.00 price objective for the company. Morgan Stanley lifted their price objective on Ameren from $57.00 to $62.00 and gave the company a “hold” rating in a report on Monday, July 16th. SunTrust Banks began coverage on Ameren in a report on Wednesday, September 26th. They set a “hold” rating and a $64.00 price objective for the company. ValuEngine raised Ameren from a “hold” rating to a “buy” rating in a report on Tuesday. Finally, Wells Fargo & Co lifted their price objective on Ameren from $67.00 to $71.00 and gave the company an “outperform” rating in a report on Monday, September 17th. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $64.56.
Shares of NYSE AEE opened at $63.80 on Friday. The firm has a market cap of $15.43 billion, a price-to-earnings ratio of 22.54, a P/E/G ratio of 3.01 and a beta of 0.20. Ameren Corp has a 52-week low of $51.89 and a 52-week high of $67.06. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.62 and a quick ratio of 0.45.
Ameren (NYSE:AEE) last issued its quarterly earnings data on Friday, August 3rd. The utilities provider reported $0.97 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.18. The company had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.54 billion. Ameren had a return on equity of 10.60% and a net margin of 9.85%. The business’s revenue was up 1.7% on a year-over-year basis. During the same period last year, the business earned $0.79 earnings per share. As a group, sell-side analysts predict that Ameren Corp will post 3.25 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 31st. Stockholders of record on Wednesday, December 12th will be paid a $0.475 dividend. This is a positive change from Ameren’s previous quarterly dividend of $0.46. This represents a $1.90 dividend on an annualized basis and a dividend yield of 2.98%. Ameren’s dividend payout ratio (DPR) is 64.66%.
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.
Featured Story: Outstanding Shares, Buying and Selling Stocks
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.