Ameren Corporation (AEE) Shares Bought by Profund Advisors LLC
Profund Advisors LLC raised its stake in shares of Ameren Corporation (NYSE:AEE) by 31.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,466 shares of the utilities provider’s stock after buying an additional 6,120 shares during the quarter. Profund Advisors LLC’s holdings in Ameren Corporation were worth $1,392,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in Ameren Corporation by 3.6% during the 1st quarter. Vanguard Group Inc. now owns 25,537,454 shares of the utilities provider’s stock valued at $1,394,090,000 after buying an additional 885,912 shares in the last quarter. BlackRock Inc. grew its holdings in Ameren Corporation by 2.2% during the 2nd quarter. BlackRock Inc. now owns 16,134,996 shares of the utilities provider’s stock valued at $882,101,000 after buying an additional 344,141 shares in the last quarter. Lazard Asset Management LLC grew its holdings in Ameren Corporation by 12.8% during the 1st quarter. Lazard Asset Management LLC now owns 5,234,226 shares of the utilities provider’s stock valued at $285,735,000 after buying an additional 595,665 shares in the last quarter. Epoch Investment Partners Inc. grew its holdings in Ameren Corporation by 10.4% during the 1st quarter. Epoch Investment Partners Inc. now owns 5,142,095 shares of the utilities provider’s stock valued at $280,707,000 after buying an additional 483,262 shares in the last quarter. Finally, Wells Fargo & Company MN grew its holdings in Ameren Corporation by 13.9% during the 2nd quarter. Wells Fargo & Company MN now owns 3,966,914 shares of the utilities provider’s stock valued at $216,871,000 after buying an additional 483,928 shares in the last quarter. 69.80% of the stock is owned by institutional investors and hedge funds.
Ameren Corporation (AEE) opened at 59.25 on Wednesday. Ameren Corporation has a 12-month low of $46.84 and a 12-month high of $60.91. The stock has a market capitalization of $14.38 billion, a price-to-earnings ratio of 20.74 and a beta of 0.37. The company has a 50 day moving average of $59.17 and a 200-day moving average of $56.30.
Ameren Corporation (NYSE:AEE) last issued its earnings results on Friday, August 4th. The utilities provider reported $0.79 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate 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%. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.61 EPS. On average, equities research analysts forecast that Ameren Corporation will post $2.80 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Wednesday, September 13th will be issued a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 2.97%. The ex-dividend date of this dividend is Tuesday, September 12th. Ameren Corporation’s payout ratio is currently 61.54%.
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AEE has been the subject of a number of research analyst reports. Zacks Investment Research lowered shares of Ameren Corporation from a “buy” rating to a “hold” rating in a report on Monday, September 11th. Barclays PLC lowered shares of Ameren Corporation from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $60.00 to $58.00 in a report on Thursday, May 25th. 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 report on Monday, June 26th. Morgan Stanley reissued an “equal weight” rating on shares of Ameren Corporation in a report on Friday, September 8th. Finally, BidaskClub raised shares of Ameren Corporation from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 26th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $55.20.
About Ameren Corporation
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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