Ngam Advisors L.P. increased its position in shares of Ameren Corporation (NYSE:AEE) by 57.3% during the first quarter, Holdings Channel reports. The firm owned 37,363 shares of the utilities provider’s stock after buying an additional 13,603 shares during the period. Ngam Advisors L.P.’s holdings in Ameren Corporation were worth $2,040,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of AEE. First Financial Corp IN raised its stake in Ameren Corporation by 10.6% in the first quarter. First Financial Corp IN now owns 2,138 shares of the utilities provider’s stock worth $117,000 after buying an additional 205 shares during the period. Acropolis Investment Management LLC raised its stake in Ameren Corporation by 0.5% in the first quarter. Acropolis Investment Management LLC now owns 2,395 shares of the utilities provider’s stock worth $131,000 after buying an additional 12 shares during the period. Parkside Financial Bank & Trust raised its stake in Ameren Corporation by 6.8% in the first quarter. Parkside Financial Bank & Trust now owns 2,486 shares of the utilities provider’s stock worth $136,000 after buying an additional 159 shares during the period. FTB Advisors Inc. raised its stake in Ameren Corporation by 1.9% in the first quarter. FTB Advisors Inc. now owns 2,646 shares of the utilities provider’s stock worth $144,000 after buying an additional 49 shares during the period. Finally, Symmetry Partners LLC acquired a new position in Ameren Corporation during the first quarter worth approximately $156,000. Institutional investors and hedge funds own 72.73% of the company’s stock.
Ameren Corporation (NYSE:AEE) traded down 0.14% on Thursday, reaching $56.39. The company had a trading volume of 112,037 shares. The stock has a market capitalization of $13.68 billion, a PE ratio of 21.14 and a beta of 0.37. The stock has a 50 day moving average price of $55.82 and a 200 day moving average price of $54.02. Ameren Corporation has a 52-week low of $46.84 and a 52-week high of $57.21.
Ameren Corporation (NYSE:AEE) last released its earnings results on Thursday, May 4th. The utilities provider reported $0.42 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.42. The firm had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.46 billion. Ameren Corporation had a net margin of 10.56% and a return on equity of 9.01%. Ameren Corporation’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.43 EPS. Analysts expect that Ameren Corporation will post $2.77 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Wednesday, June 14th will be paid a $0.44 dividend. The ex-dividend date of this dividend is Monday, June 12th. This represents a $1.76 annualized dividend and a yield of 3.12%. Ameren Corporation’s payout ratio is currently 65.67%.
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AEE has been the topic of a number of recent analyst reports. Barclays PLC cut Ameren Corporation from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $60.00 to $58.00 in a report on Thursday, May 25th. Zacks Investment Research cut Ameren Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, April 11th.
In other Ameren Corporation news, Chairman Warner L. Baxter sold 13,310 shares of Ameren Corporation stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $56.23, for a total value of $748,421.30. Following the completion of the sale, the chairman now directly owns 145,939 shares of the company’s stock, valued at approximately $8,206,149.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.38% of the stock is currently owned by insiders.
Ameren Corporation Company Profile
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.
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