Candriam Luxembourg S.C.A. Acquires New Position in Ameren Corp. (AEE)
Candriam Luxembourg S.C.A. acquired a new position in Ameren Corp. (NYSE:AEE) during the second quarter, Holdings Channel reports. The firm acquired 37,095 shares of the company’s stock, valued at approximately $1,988,000.
Other institutional investors have also recently made changes to their positions in the company. Aperio Group LLC raised its position in shares of Ameren Corp. by 8.9% in the first quarter. Aperio Group LLC now owns 71,597 shares of the company’s stock worth $3,587,000 after buying an additional 5,834 shares during the last quarter. CIBC World Markets Inc. purchased a new position in shares of Ameren Corp. during the first quarter worth $202,000. Ngam Advisors L.P. raised its position in shares of Ameren Corp. by 20.8% in the first quarter. Ngam Advisors L.P. now owns 15,114 shares of the company’s stock worth $757,000 after buying an additional 2,607 shares during the last quarter. TIAA CREF Investment Management LLC raised its position in shares of Ameren Corp. by 22.8% in the first quarter. TIAA CREF Investment Management LLC now owns 1,351,947 shares of the company’s stock worth $67,733,000 after buying an additional 251,286 shares during the last quarter. Finally, Teachers Advisors Inc. raised its position in shares of Ameren Corp. by 146.4% in the first quarter. Teachers Advisors Inc. now owns 800,781 shares of the company’s stock worth $40,119,000 after buying an additional 475,740 shares during the last quarter. Institutional investors own 67.56% of the company’s stock.
Shares of Ameren Corp. (NYSE:AEE) traded down 1.12% during midday trading on Monday, reaching $48.63. 1,567,546 shares of the company’s stock were exchanged. The stock’s 50-day moving average is $49.91 and its 200 day moving average is $50.03. Ameren Corp. has a one year low of $41.33 and a one year high of $54.08. The firm has a market cap of $11.80 billion, a PE ratio of 18.96 and a beta of 0.37.
Ameren Corp. (NYSE:AEE) last issued its earnings results on Friday, August 5th. The company reported $0.61 EPS for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.09. The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.45 billion. Ameren Corp. had a net margin of 10.40% and a return on equity of 8.83%. The company’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period last year, the company posted $0.58 earnings per share. Analysts anticipate that Ameren Corp. will post $2.54 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Thursday, September 8th were paid a dividend of $0.425 per share. The ex-dividend date of this dividend was Tuesday, September 6th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 3.50%. Ameren Corp.’s dividend payout ratio is presently 66.15%.
A number of equities research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Ameren Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, June 7th. Barclays PLC reiterated a “buy” rating and set a $55.00 target price on shares of Ameren Corp. in a research note on Wednesday, July 6th.
In other news, Director Walter J. Galvin sold 36,989 shares of the stock in a transaction that occurred on Wednesday, September 7th. The shares were sold at an average price of $49.94, for a total transaction of $1,847,230.66. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Bruce A. Steinke sold 3,000 shares of the stock in a transaction that occurred on Thursday, August 11th. The shares were sold at an average price of $50.82, for a total transaction of $152,460.00. Following the transaction, the senior vice president now owns 24,660 shares in the company, valued at $1,253,221.20. The disclosure for this sale can be found here. Insiders own 0.38% of the company’s stock.
Ameren Corp. Company Profile
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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