Private Advisor Group LLC boosted its position in shares of Ameren Corp (NYSE:AEE) by 64.2% during the first quarter, Holdings Channel reports. The institutional investor owned 7,850 shares of the utilities provider’s stock after buying an additional 3,068 shares during the period. Private Advisor Group LLC’s holdings in Ameren Corp were worth $432,000 as of its most recent SEC filing.
A number of other hedge funds have also recently bought and sold shares of the stock. First Financial Corp IN raised its stake in Ameren Corp 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 in the last quarter. Acropolis Investment Management LLC raised its stake in Ameren Corp 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 in the last quarter. Parkside Financial Bank & Trust raised its stake in Ameren Corp 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 in the last quarter. FTB Advisors Inc. raised its stake in Ameren Corp 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 in the last quarter. Finally, Symmetry Partners LLC purchased a new stake in Ameren Corp during the first quarter worth approximately $156,000. 69.75% of the stock is owned by institutional investors.
Ameren Corp (NYSE:AEE) traded up 0.53% during mid-day trading on Wednesday, hitting $56.76. 537,623 shares of the stock were exchanged. The firm has a 50-day moving average price of $55.11 and a 200-day moving average price of $53.23. The stock has a market capitalization of $13.77 billion, a P/E ratio of 21.27 and a beta of 0.36. Ameren Corp has a 12-month low of $46.84 and a 12-month high of $57.09.
Ameren Corp (NYSE:AEE) last released its quarterly earnings data on Thursday, May 4th. The utilities provider reported $0.42 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.42. Ameren Corp had a return on equity of 9.14% and a net margin of 10.78%. The business had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.46 billion. During the same quarter in the previous year, the business posted $0.43 EPS. Ameren Corp’s revenue for the quarter was up 5.6% on a year-over-year basis. Equities analysts predict that Ameren Corp will post $2.78 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Wednesday, June 14th will be issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 3.12%. The ex-dividend date of this dividend is Monday, June 12th. Ameren Corp’s dividend payout ratio (DPR) is presently 65.67%.
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A number of research firms have recently issued reports on AEE. Barclays PLC lowered shares of Ameren Corp from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $60.00 to $58.00 in a research report on Thursday, May 25th. Zacks Investment Research lowered shares of Ameren Corp from a “buy” rating to a “hold” rating in a research report on Monday, February 13th.
Ameren Corp 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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