ING Groep NV Increases Stake in Ameren Corp. (AEE)
ING Groep NV increased its stake in shares of Ameren Corp. (NYSE:AEE) by 53.7% during the second quarter, Holdings Channel reports. The institutional investor owned 8,531 shares of the company’s stock after buying an additional 2,980 shares during the period. ING Groep NV’s holdings in Ameren Corp. were worth $457,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of AEE. Acropolis Investment Management LLC boosted its stake in Ameren Corp. by 0.5% in the second quarter. Acropolis Investment Management LLC now owns 2,361 shares of the company’s stock valued at $126,000 after buying an additional 12 shares in the last quarter. V Wealth Management LLC bought a new stake in Ameren Corp. during the second quarter valued at approximately $210,000. Cullen Frost Bankers Inc. bought a new stake in Ameren Corp. during the second quarter valued at approximately $211,000. CIBC World Markets Inc. bought a new stake in Ameren Corp. during the first quarter valued at approximately $202,000. Finally, Advisor Partners LLC bought a new stake in Ameren Corp. during the first quarter valued at approximately $214,000. 67.56% of the stock is currently owned by institutional investors and hedge funds.
Shares of Ameren Corp. (NYSE:AEE) traded up 0.57% during midday trading on Monday, reaching $47.70. 1,352,288 shares of the company’s stock traded hands. The firm has a market cap of $11.57 billion, a PE ratio of 18.60 and a beta of 0.37. The company has a 50 day moving average of $49.56 and a 200 day moving average of $49.98. Ameren Corp. has a 52-week low of $41.33 and a 52-week high of $54.08.
Ameren Corp. (NYSE:AEE) last posted its quarterly earnings data on Friday, August 5th. The company reported $0.61 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.09. Ameren Corp. had a net margin of 10.40% and a return on equity of 8.83%. The company earned $1.43 billion during the quarter, compared to analysts’ expectations of $1.45 billion. During the same period in the prior year, the company posted $0.58 earnings per share. Ameren Corp.’s revenue for the quarter was up 1.9% compared to the same quarter last year. On average, equities analysts predict that Ameren Corp. will post $2.54 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Thursday, September 8th were given a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a dividend yield of 3.56%. The ex-dividend date of this dividend was Tuesday, September 6th. Ameren Corp.’s dividend payout ratio (DPR) is presently 66.15%.
Several equities research analysts recently commented on the stock. Zacks Investment Research cut shares of Ameren Corp. from a “hold” rating to a “sell” rating in a research report on Friday, July 8th. Barclays PLC reaffirmed a “buy” rating and issued a $55.00 price objective 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 stock in a transaction 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 completion of the sale, the senior vice president now directly owns 24,660 shares in the company, valued at $1,253,221.20. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Walter J. Galvin sold 36,989 shares of the stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of $49.94, for a total transaction of $1,847,230.66. 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.
Want to see what other hedge funds are holding AEE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ameren Corp. (NYSE:AEE).
Receive News & Ratings for Ameren Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ameren Corp. and related companies with MarketBeat.com's FREE daily email newsletter.