Duff & Phelps Investment Management Co. Has $96,444,000 Stake in Ameren Corp. (AEE)
Duff & Phelps Investment Management Co. continued to hold its stake in shares of Ameren Corp. (NYSE:AEE) during the second quarter, Holdings Channel reports. The institutional investor owned 1,800,000 shares of the company’s stock at the end of the second quarter. Ameren Corp. makes up approximately 1.4% of Duff & Phelps Investment Management Co.’s holdings, making the stock its 14th largest position. Duff & Phelps Investment Management Co.’s holdings in Ameren Corp. were worth $96,444,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently made changes to their positions in the stock. 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 worth $126,000 after buying an additional 12 shares in the last quarter. V Wealth Management LLC bought a new stake in shares of Ameren Corp. during the second quarter worth about $210,000. Cullen Frost Bankers Inc. bought a new stake in shares of Ameren Corp. during the second quarter worth about $211,000. First Midwest Bank Trust Division bought a new stake in shares of Ameren Corp. during the second quarter worth about $262,000. Finally, ING Groep NV bought a new stake in shares of Ameren Corp. during the first quarter worth about $278,000. Institutional investors own 67.52% of the company’s stock.
Ameren Corp. (NYSE:AEE) traded up 1.52% during trading on Tuesday, hitting $48.91. 1,076,056 shares of the company were exchanged. Ameren Corp. has a 12 month low of $41.33 and a 12 month high of $54.08. The stock’s 50-day moving average is $49.12 and its 200-day moving average is $49.91. The company has a market capitalization of $11.87 billion, a price-to-earnings ratio of 19.07 and a beta of 0.37.
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 Zacks’ consensus estimate of $0.52 by $0.09. The company earned $1.43 billion during 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 firm’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.58 earnings per share. Equities research analysts anticipate that Ameren Corp. will post $2.54 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 30th. Shareholders of record on Wednesday, December 7th will be given a dividend of $0.44 per share. The ex-dividend date is Monday, December 5th. This is a boost from Ameren Corp.’s previous quarterly dividend of $0.43. This represents a $1.76 dividend on an annualized basis and a yield of 3.60%. Ameren Corp.’s dividend payout ratio is currently 66.15%.
A number of brokerages have commented on AEE. Barclays PLC reissued a “buy” rating and issued a $55.00 price objective on shares of Ameren Corp. in a research note on Wednesday, July 6th. Zacks Investment Research cut shares of Ameren Corp. from a “hold” rating to a “sell” rating in a research note on Friday, July 8th. Finally, Argus reissued a “hold” rating on shares of Ameren Corp. in a research note on Tuesday.
In other Ameren Corp. news, SVP Bruce A. Steinke sold 3,000 shares of the company’s 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 transaction, 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Walter J. Galvin sold 36,989 shares of the company’s 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. Company 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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