Ameren Corp. (AEE) Shares Bought by FTB Advisors Inc.
FTB Advisors Inc. raised its position in Ameren Corp. (NYSE:AEE) by 3.7% during the second quarter, Holdings Channel reports. The institutional investor owned 2,597 shares of the company’s stock after buying an additional 92 shares during the period. FTB Advisors Inc.’s holdings in Ameren Corp. were worth $138,000 at the end of the most recent reporting period.
A number of other institutional investors have also made changes to their positions in the company. Acropolis Investment Management LLC raised its position 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 worth $126,000 after buying an additional 12 shares in the last quarter. First Republic Investment Management Inc. raised its position 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 worth $576,000 after buying an additional 44 shares in the last quarter. FirstMerit Bank N A Trustee raised its position 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 worth $719,000 after buying an additional 90 shares in the last quarter. Conning Inc. raised its position in shares of Ameren Corp. by 3.0% in the second quarter. Conning Inc. now owns 7,575 shares of the company’s stock worth $406,000 after buying an additional 220 shares in the last quarter. Finally, IBM Retirement Fund raised its position 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 worth $1,608,000 after buying an additional 288 shares in the last quarter. Institutional investors and hedge funds own 67.52% of the company’s stock.
Shares of Ameren Corp. (NYSE:AEE) traded up 1.35% during trading on Tuesday, hitting $48.83. The stock had a trading volume of 549,110 shares. The company has a market cap of $11.85 billion, a PE ratio of 19.04 and a beta of 0.37. Ameren Corp. has a 12 month low of $41.33 and a 12 month high of $54.08. The stock has a 50 day moving average of $49.12 and a 200 day moving average of $49.91.
Ameren Corp. (NYSE:AEE) last released its 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. The company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.45 billion. Ameren Corp. had a return on equity of 8.83% and a net margin of 10.40%. Ameren Corp.’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.58 earnings per share. Equities analysts forecast that Ameren Corp. will post $2.54 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 30th. Investors of record on Wednesday, December 7th will be given a dividend of $0.44 per share. The ex-dividend date of this dividend is Monday, December 5th. This is an increase from Ameren Corp.’s previous quarterly dividend of $0.43. This represents a $1.76 annualized dividend and a yield of 3.65%. Ameren Corp.’s payout ratio is 66.15%.
A number of equities analysts have weighed in on the company. Argus restated a “hold” rating on shares of Ameren Corp. in a research note on Tuesday. Zacks Investment Research upgraded Ameren Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, August 9th. Finally, Barclays PLC reiterated a “buy” rating and set a $55.00 price objective on shares of Ameren Corp. in a research report on Wednesday, July 6th.
In related news, Director Walter J. Galvin sold 36,989 shares of Ameren Corp. 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Bruce A. Steinke sold 3,000 shares of Ameren Corp. stock in a transaction on Thursday, August 11th. The shares were sold at an average price of $50.82, for a total value 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. Corporate 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.