Ameren Corporation (AEE) Holdings Maintained by Icon Advisers Inc. Co.
Icon Advisers Inc. Co. held its position in shares of Ameren Corporation (NYSE:AEE) during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 49,000 shares of the utilities provider’s stock at the close of the second quarter. Icon Advisers Inc. Co.’s holdings in Ameren Corporation were worth $2,679,000 as of its most recent filing with the SEC.
Other large investors have also bought and sold shares of the company. Ngam Advisors L.P. boosted its position in shares of Ameren Corporation by 57.3% during the 1st quarter. Ngam Advisors L.P. now owns 37,363 shares of the utilities provider’s stock valued at $2,040,000 after purchasing an additional 13,603 shares in the last quarter. Credit Suisse AG boosted its position in shares of Ameren Corporation by 17.5% during the 1st quarter. Credit Suisse AG now owns 355,359 shares of the utilities provider’s stock valued at $19,399,000 after purchasing an additional 52,967 shares in the last quarter. Archford Capital Strategies LLC bought a new position in shares of Ameren Corporation during the 1st quarter valued at about $1,462,000. State of Tennessee Treasury Department boosted its position in shares of Ameren Corporation by 989.9% during the 1st quarter. State of Tennessee Treasury Department now owns 823,966 shares of the utilities provider’s stock valued at $44,980,000 after purchasing an additional 748,367 shares in the last quarter. Finally, Mason Street Advisors LLC boosted its position in shares of Ameren Corporation by 1.0% during the 1st quarter. Mason Street Advisors LLC now owns 33,530 shares of the utilities provider’s stock valued at $1,830,000 after purchasing an additional 339 shares in the last quarter. Institutional investors own 69.82% of the company’s stock.
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Ameren Corporation (NYSE:AEE) opened at 59.74 on Friday. The firm has a market capitalization of $14.49 billion, a PE ratio of 20.91 and a beta of 0.37. The firm has a 50 day moving average of $58.89 and a 200 day moving average of $56.17. Ameren Corporation has a one year low of $46.84 and a one year high of $60.91.
Ameren Corporation (NYSE:AEE) last announced its quarterly earnings results on Friday, August 4th. The utilities provider reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.10. The company had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.42 billion. Ameren Corporation had a return on equity of 9.57% and a net margin of 11.11%. Ameren Corporation’s revenue was up 7.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.61 EPS. Equities analysts forecast that Ameren Corporation will post $2.80 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Wednesday, September 13th will be paid a $0.44 dividend. The ex-dividend date of this dividend is Tuesday, September 12th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.96%. Ameren Corporation’s dividend payout ratio (DPR) is presently 61.54%.
AEE has been the subject of several research reports. Morgan Stanley restated an “overweight” rating on shares of Ameren Corporation in a research report on Monday, July 10th. Goldman Sachs Group, Inc. (The) lowered shares of Ameren Corporation from a “neutral” rating to a “sell” rating and set a $51.00 price objective for the company. in a research report on Monday, June 26th. BidaskClub upgraded shares of Ameren Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. Barclays PLC lowered shares of Ameren Corporation from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $60.00 to $58.00 in a research report on Thursday, May 25th. Finally, Zacks Investment Research cut shares of Ameren Corporation from a “buy” rating to a “hold” rating in a report on Monday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a strong buy rating to the company’s stock. Ameren Corporation currently has an average rating of “Hold” and an average price target of $55.20.
Ameren Corporation Company Profile
Ameren Corporation is a utility holding company. The Company’s subsidiaries include Ameren Missouri, Ameren Illinois and Ameren Transmission Company (ATXI). It operates through four segments. The Ameren Missouri segment includes all of the operations of Ameren Missouri. The Ameren Illinois Electric Distribution segment consists of the electric distribution business of Ameren Illinois.
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