Enterprise Financial Services Corp Has $1,084,000 Position in Ameren Corp. (AEE)
Enterprise Financial Services Corp held its stake in Ameren Corp. (NYSE:AEE) during the second quarter, Holdings Channel reports. The fund owned 20,226 shares of the company’s stock at the end of the second quarter. Enterprise Financial Services Corp’s holdings in Ameren Corp. were worth $1,084,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in AEE. Acropolis Investment Management LLC increased 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 during the last quarter. V Wealth Management LLC bought a new position in Ameren Corp. during the second quarter valued at about $210,000. Cullen Frost Bankers Inc. bought a new position in Ameren Corp. during the second quarter valued at about $211,000. Banced Corp bought a new position in Ameren Corp. during the second quarter valued at about $236,000. Finally, First Midwest Bank Trust Division bought a new position in Ameren Corp. during the second quarter valued at about $262,000. Hedge funds and other institutional investors own 67.52% of the company’s stock.
Shares of Ameren Corp. (NYSE:AEE) traded up 1.52% during midday trading on Tuesday, hitting $48.91. The stock had a trading volume of 1,076,056 shares. The firm has a 50 day moving average price of $49.12 and a 200 day moving average price of $49.91. 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 $11.87 billion, a PE ratio of 19.07 and a beta of 0.37.
Ameren Corp. (NYSE:AEE) last released its quarterly earnings results on Friday, August 5th. The company reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.09. The business earned $1.43 billion during the quarter, compared to analysts’ expectations of $1.45 billion. Ameren Corp. had a return on equity of 8.83% and a net margin of 10.40%. The company’s revenue was up 1.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.58 EPS. On average, equities analysts forecast that Ameren Corp. will post $2.54 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 30th. Stockholders of record on Wednesday, December 7th will be issued 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 dividend yield of 3.60%. Ameren Corp.’s dividend payout ratio is currently 66.15%.
Several equities analysts have issued reports on the company. Argus reiterated a “hold” rating on shares of Ameren Corp. in a research note on Tuesday. Zacks Investment Research lowered Ameren Corp. from a “hold” rating to a “sell” rating in a research note on Friday, July 8th. Finally, Barclays PLC reiterated a “buy” rating and issued a $55.00 target price 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 stock in a transaction dated 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 document filed with the SEC, which is accessible through this hyperlink. Also, SVP Bruce A. Steinke sold 3,000 shares of the stock in a transaction dated Thursday, August 11th. The stock was sold at an average price of $50.82, for a total value of $152,460.00. Following the transaction, the senior vice president now directly owns 24,660 shares in the company, valued at approximately $1,253,221.20. The disclosure for this sale can be found here. 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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