Teacher Retirement System of Texas raised its position in Ameren Corp (NYSE:AEE) by 8.7% during the 1st quarter, Holdings Channel reports. The firm owned 385,814 shares of the utilities provider’s stock after acquiring an additional 30,784 shares during the quarter. Teacher Retirement System of Texas’ holdings in Ameren were worth $28,377,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of AEE. V Wealth Advisors LLC boosted its stake in shares of Ameren by 4.7% during the fourth quarter. V Wealth Advisors LLC now owns 3,330 shares of the utilities provider’s stock valued at $216,000 after acquiring an additional 150 shares during the last quarter. HCR Wealth Advisors lifted its position in Ameren by 1.9% during the fourth quarter. HCR Wealth Advisors now owns 8,417 shares of the utilities provider’s stock worth $549,000 after buying an additional 154 shares during the period. Steward Partners Investment Advisory LLC lifted its position in Ameren by 3.7% during the first quarter. Steward Partners Investment Advisory LLC now owns 4,607 shares of the utilities provider’s stock worth $338,000 after buying an additional 165 shares during the period. Dupont Capital Management Corp lifted its position in Ameren by 5.6% during the fourth quarter. Dupont Capital Management Corp now owns 3,119 shares of the utilities provider’s stock worth $203,000 after buying an additional 166 shares during the period. Finally, Cornerstone Advisors Inc. lifted its position in Ameren by 104.9% during the first quarter. Cornerstone Advisors Inc. now owns 373 shares of the utilities provider’s stock worth $27,000 after buying an additional 191 shares during the period. 71.72% of the stock is currently owned by institutional investors.
Several research firms recently weighed in on AEE. Zacks Investment Research downgraded Ameren from a “hold” rating to a “sell” rating in a research report on Wednesday, April 24th. ValuEngine upgraded Ameren from a “hold” rating to a “buy” rating in a research report on Monday. Morgan Stanley increased their target price on Ameren from $66.00 to $69.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 12th. Finally, Wells Fargo & Co increased their target price on Ameren from $73.00 to $77.00 and gave the stock an “outperform” rating in a research report on Monday, February 11th. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Ameren currently has a consensus rating of “Hold” and an average price target of $68.43.
NYSE AEE opened at $73.84 on Wednesday. Ameren Corp has a twelve month low of $55.21 and a twelve month high of $74.91. The stock has a market cap of $18.32 billion, a P/E ratio of 21.91, a price-to-earnings-growth ratio of 3.65 and a beta of 0.27. The company has a current ratio of 0.59, a quick ratio of 0.43 and a debt-to-equity ratio of 1.05.
Ameren (NYSE:AEE) last released its earnings results on Thursday, May 9th. The utilities provider reported $0.78 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.70 by $0.08. Ameren had a return on equity of 11.22% and a net margin of 13.65%. The firm had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.62 billion. During the same period in the prior year, the business posted $0.62 earnings per share. The firm’s revenue for the quarter was down 1.8% compared to the same quarter last year. On average, equities analysts anticipate that Ameren Corp will post 3.27 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Wednesday, June 12th will be issued a $0.475 dividend. The ex-dividend date is Tuesday, June 11th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 2.57%. Ameren’s dividend payout ratio (DPR) is 56.38%.
In other news, SVP Gregory L. Nelson sold 29,548 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $70.84, for a total value of $2,093,180.32. Following the transaction, the senior vice president now directly owns 37,268 shares in the company, valued at approximately $2,640,065.12. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Michael L. Moehn sold 12,000 shares of the firm’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $71.18, for a total value of $854,160.00. Following the completion of the transaction, the insider now owns 99,795 shares in the company, valued at $7,103,408.10. 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. Company insiders own 0.52% of the company’s stock.
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Ameren Company Profile
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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