Employees Retirement System of Texas trimmed its position in shares of Ameren Corp (NYSE:AEE) by 59.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,000 shares of the utilities provider’s stock after selling 16,000 shares during the quarter. Employees Retirement System of Texas’ holdings in Ameren were worth $718,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc boosted its holdings in shares of Ameren by 2.6% in the 3rd quarter. Vanguard Group Inc now owns 27,179,627 shares of the utilities provider’s stock worth $1,718,295,000 after buying an additional 687,592 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of Ameren by 1.3% in the 4th quarter. BlackRock Inc. now owns 17,773,860 shares of the utilities provider’s stock worth $1,159,388,000 after buying an additional 228,568 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Ameren by 13.2% in the 3rd quarter. Renaissance Technologies LLC now owns 4,642,100 shares of the utilities provider’s stock worth $293,474,000 after buying an additional 541,253 shares during the last quarter. FMR LLC boosted its holdings in shares of Ameren by 285.1% in the 3rd quarter. FMR LLC now owns 3,720,483 shares of the utilities provider’s stock worth $235,209,000 after buying an additional 2,754,278 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of Ameren by 11.3% in the 4th quarter. Northern Trust Corp now owns 3,390,017 shares of the utilities provider’s stock worth $221,132,000 after buying an additional 345,521 shares during the last quarter. 72.90% of the stock is currently owned by hedge funds and other institutional investors.
AEE stock opened at $72.94 on Thursday. The company has a current ratio of 0.57, a quick ratio of 0.39 and a debt-to-equity ratio of 1.01. The company has a market capitalization of $17.70 billion, a P/E ratio of 21.64, a P/E/G ratio of 3.23 and a beta of 0.28. Ameren Corp has a 1-year low of $53.91 and a 1-year high of $73.00.
Ameren (NYSE:AEE) last posted its quarterly earnings data on Thursday, February 14th. The utilities provider reported $0.28 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.04). The company had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.56 billion. Ameren had a return on equity of 10.87% and a net margin of 12.95%. The firm’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter last year, the company posted $0.39 earnings per share. As a group, sell-side analysts predict that Ameren Corp will post 3.3 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Wednesday, March 13th 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, March 12th. Ameren’s dividend payout ratio (DPR) is 56.38%.
Several equities research analysts have recently weighed in on the company. Barclays set a $67.00 price target on Ameren and gave the company a “hold” rating in a research report on Saturday, November 17th. UBS Group cut Ameren from a “buy” rating to a “neutral” rating and set a $71.00 price target on the stock. in a research report on Thursday, November 29th. Morgan Stanley set a $73.00 price target on Ameren and gave the company a “hold” rating in a research report on Friday, February 22nd. Wells Fargo & Co upped their price target on Ameren from $73.00 to $77.00 and gave the company an “outperform” rating in a research report on Monday, February 11th. Finally, Zacks Investment Research cut Ameren from a “buy” rating to a “hold” rating in a research report on Wednesday, March 6th. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $68.13.
In related news, CAO Bruce A. Steinke sold 6,441 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $70.84, for a total value of $456,280.44. Following the transaction, the chief accounting officer now directly owns 48,883 shares in the company, valued at $3,462,871.72. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Gregory L. Nelson sold 29,548 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $70.84, for a total transaction of $2,093,180.32. Following the completion of the transaction, the senior vice president now owns 37,268 shares in the company, valued at $2,640,065.12. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 121,873 shares of company stock worth $8,639,431. 0.44% of the stock is owned by company insiders.
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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