Ameren Corp. (AEE) Stake Boosted by Signaturefd LLC
Signaturefd LLC raised its stake in shares of Ameren Corp. (NYSE:AEE) by 84.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,755 shares of the company’s stock after buying an additional 1,263 shares during the period. Signaturefd LLC’s holdings in Ameren Corp. were worth $148,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in AEE. Acropolis Investment Management LLC increased its stake in shares of 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 during the period. First Republic Investment Management Inc. increased its stake in shares of Ameren Corp. by 0.4% in the first quarter. First Republic Investment Management Inc. now owns 11,501 shares of the company’s stock valued at $576,000 after buying an additional 44 shares during the period. FirstMerit Bank N A Trustee increased its stake in shares of Ameren Corp. by 0.7% in the second quarter. FirstMerit Bank N A Trustee now owns 13,416 shares of the company’s stock valued at $719,000 after buying an additional 90 shares during the period. Conning Inc. increased its stake in shares of Ameren Corp. by 3.0% in the second quarter. Conning Inc. now owns 7,575 shares of the company’s stock valued at $406,000 after buying an additional 220 shares during the period. Finally, IBM Retirement Fund increased its stake in shares of Ameren Corp. by 1.0% in the second quarter. IBM Retirement Fund now owns 28,765 shares of the company’s stock valued at $1,608,000 after buying an additional 288 shares during the period. 67.56% of the stock is currently owned by institutional investors.
Shares of Ameren Corp. (NYSE:AEE) traded down 0.114% during trading on Friday, hitting $47.985. 1,102,552 shares of the company traded hands. The firm has a 50 day moving average price of $49.23 and a 200-day moving average price of $49.93. Ameren Corp. has a one year low of $41.33 and a one year high of $54.08. The stock has a market cap of $11.64 billion, a price-to-earnings ratio of 18.708 and a beta of 0.37.
Ameren Corp. (NYSE:AEE) last announced its quarterly earnings data on Friday, August 5th. The company reported $0.61 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.09. The company had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.45 billion. Ameren Corp. had a net margin of 10.40% and a return on equity of 8.83%. The business’s revenue was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.58 EPS. Analysts predict that Ameren Corp. will post $2.54 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 30th. Stockholders of record on Wednesday, December 7th will be given a $0.44 dividend. This is an increase from Ameren Corp.’s previous quarterly dividend of $0.43. This represents a $1.76 annualized dividend and a dividend yield of 3.66%. Ameren Corp.’s dividend payout ratio (DPR) is 66.15%.
Several brokerages have issued reports on AEE. Zacks Investment Research raised shares of Ameren Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, August 9th. Barclays PLC reissued a “buy” rating and set a $55.00 price objective on shares of Ameren Corp. in a research note on Wednesday, July 6th.
In related news, Director Walter J. Galvin sold 36,989 shares of the firm’s 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 legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Bruce A. Steinke sold 3,000 shares of the firm’s stock in a transaction that occurred on 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 owns 24,660 shares of the company’s stock, valued at $1,253,221.20. The disclosure for this sale can be found here. 0.38% of the stock is currently owned by insiders.
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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