Ameren Corporation (AEE) Shares Bought by Ropes Wealth Advisors LLC
Ropes Wealth Advisors LLC lifted its position in Ameren Corporation (NYSE:AEE) by 2.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,593 shares of the utilities provider’s stock after purchasing an additional 149 shares during the quarter. Ropes Wealth Advisors LLC’s holdings in Ameren Corporation were worth $306,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Ngam Advisors L.P. increased its holdings in shares of Ameren Corporation by 57.3% in the first quarter. Ngam Advisors L.P. now owns 37,363 shares of the utilities provider’s stock worth $2,040,000 after purchasing an additional 13,603 shares during the period. Credit Suisse AG increased its holdings in shares of Ameren Corporation by 17.5% in the first quarter. Credit Suisse AG now owns 355,359 shares of the utilities provider’s stock worth $19,399,000 after purchasing an additional 52,967 shares during the period. Archford Capital Strategies LLC bought a new position in shares of Ameren Corporation in the first quarter worth $1,462,000. Mason Street Advisors LLC increased its holdings in shares of Ameren Corporation by 1.0% in the first quarter. Mason Street Advisors LLC now owns 33,530 shares of the utilities provider’s stock worth $1,830,000 after purchasing an additional 339 shares during the period. Finally, Hancock Holding Co. increased its holdings in shares of Ameren Corporation by 8.1% in the first quarter. Hancock Holding Co. now owns 20,678 shares of the utilities provider’s stock worth $1,128,000 after purchasing an additional 1,558 shares during the period. 69.80% of the stock is currently owned by hedge funds and other institutional investors.
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Shares of Ameren Corporation (NYSE AEE) traded up 0.590% on Monday, reaching $58.855. 133,971 shares of the company traded hands. The firm has a market capitalization of $14.28 billion, a P/E ratio of 20.600 and a beta of 0.37. Ameren Corporation has a 1-year low of $46.84 and a 1-year high of $60.91. The stock has a 50-day moving average price of $59.17 and a 200 day moving average price of $56.30.
Ameren Corporation (NYSE:AEE) last announced its quarterly earnings results on Friday, August 4th. The utilities provider reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.10. The company had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.42 billion. Ameren Corporation had a net margin of 11.11% and a return on equity of 9.57%. Ameren Corporation’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.61 EPS. Analysts anticipate that Ameren Corporation will post $2.80 EPS for the current fiscal year.
The business also recently declared 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. The ex-dividend date is Tuesday, September 12th. This represents a $1.76 dividend on an annualized basis and a yield of 3.01%. Ameren Corporation’s dividend payout ratio is currently 61.54%.
Several research firms have recently weighed in on AEE. BidaskClub raised shares of Ameren Corporation from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 26th. Zacks Investment Research cut shares of Ameren Corporation from a “buy” rating to a “hold” rating in a report on Monday, September 11th. Morgan Stanley reaffirmed an “equal weight” rating on shares of Ameren Corporation in a report on Friday, September 8th. Finally, Goldman Sachs Group, Inc. (The) cut shares of Ameren Corporation from a “neutral” rating to a “sell” rating and set a $51.00 price target on the stock. in a report on Monday, June 26th. One investment 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. Ameren Corporation presently has an average rating of “Hold” and a consensus 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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