Ameren Corp. (AEE) Shares Bought by Mizuho Asset Management Co. Ltd.
Mizuho Asset Management Co. Ltd. increased its position in shares of Ameren Corp. (NYSE:AEE) by 75.9% during the second quarter, Holdings Channel reports. The fund owned 3,100 shares of the company’s stock after buying an additional 1,338 shares during the period. Mizuho Asset Management Co. Ltd.’s holdings in Ameren Corp. were worth $166,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of AEE. Bank of Montreal Can bought a new stake in Ameren Corp. during the second quarter worth $192,842,000. New York State Teachers Retirement System increased its stake in Ameren Corp. by 5.1% in the second quarter. New York State Teachers Retirement System now owns 477,684 shares of the company’s stock valued at $25,594,000 after buying an additional 23,000 shares in the last quarter. Wellington Management Group LLP increased its stake in Ameren Corp. by 2.9% in the first quarter. Wellington Management Group LLP now owns 3,174,400 shares of the company’s stock valued at $159,037,000 after buying an additional 88,547 shares in the last quarter. Renaissance Technologies LLC increased its stake in Ameren Corp. by 31.8% in the first quarter. Renaissance Technologies LLC now owns 1,385,600 shares of the company’s stock valued at $69,419,000 after buying an additional 334,400 shares in the last quarter. Finally, National Pension Service increased its stake in Ameren Corp. by 4.4% in the first quarter. National Pension Service now owns 169,552 shares of the company’s stock valued at $8,495,000 after buying an additional 7,205 shares in the last quarter. Institutional investors own 67.56% of the company’s stock.
Ameren Corp. (NYSE:AEE) opened at 51.03 on Friday. Ameren Corp. has a 12-month low of $40.81 and a 12-month high of $54.08. The firm’s 50-day moving average is $50.09 and its 200 day moving average is $49.90. The company has a market cap of $12.38 billion, a price-to-earnings ratio of 19.89 and a beta of 0.35.
Ameren Corp. (NYSE:AEE) last announced its quarterly earnings results on Friday, August 5th. The company reported $0.61 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.09. Ameren Corp. had a return on equity of 8.83% and a net margin of 10.40%. The firm had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.45 billion. During the same period in the prior year, the business posted $0.58 earnings per share. The company’s revenue was up 1.9% on a year-over-year basis. On average, equities analysts expect that Ameren Corp. will post $2.54 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Thursday, September 8th will be given a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a dividend yield of 3.31%. The ex-dividend date is Tuesday, September 6th. Ameren Corp.’s dividend payout ratio is presently 66.15%.
Several equities research analysts recently commented on the stock. Zacks Investment Research upgraded shares of Ameren Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, August 9th. Barclays PLC reiterated a “buy” rating and set a $55.00 target price on shares of Ameren Corp. in a research report on Wednesday, July 6th.
In other news, SVP Bruce A. Steinke sold 3,000 shares of the company’s stock in a transaction dated Thursday, August 11th. The stock was sold at an average price of $50.82, for a total transaction of $152,460.00. Following the sale, the senior vice president now directly owns 24,660 shares in the company, valued at $1,253,221.20. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Walter J. Galvin sold 36,989 shares of the company’s stock in a transaction dated Wednesday, September 7th. The shares were sold at an average price of $49.94, for a total value of $1,847,230.66. The disclosure for this sale can be found here. Insiders own 0.38% of the company’s stock.
About Ameren Corp.
Ameren Corporation (Ameren) is a public utility holding company. Ameren’s primary assets are its equity interests in its subsidiaries, including Union Electric Company (doing business as Ameren Missouri) and Ameren Illinois Company (Ameren Illinois). Ameren operates through two segments: Ameren Missouri and Ameren Illinois.
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