Telemus Capital LLC Acquires Shares of 3,515 Ameren Corporation (AEE)
Telemus Capital LLC acquired a new stake in Ameren Corporation (NYSE:AEE) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 3,515 shares of the utilities provider’s stock, valued at approximately $203,000. Telemus Capital LLC owned about 1,448.71% of Ameren Corporation at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of the business. Conning Inc. boosted its position in Ameren Corporation by 0.3% in the second quarter. Conning Inc. now owns 6,455 shares of the utilities provider’s stock valued at $353,000 after buying an additional 20 shares in the last quarter. ING Groep NV boosted its position in Ameren Corporation by 0.4% in the second quarter. ING Groep NV now owns 12,426 shares of the utilities provider’s stock valued at $679,000 after buying an additional 45 shares in the last quarter. C M Bidwell & Associates Ltd. boosted its position in Ameren Corporation by 1.0% in the second quarter. C M Bidwell & Associates Ltd. now owns 4,345 shares of the utilities provider’s stock valued at $238,000 after buying an additional 45 shares in the last quarter. Veritable L.P. boosted its position in Ameren Corporation by 0.3% in the second quarter. Veritable L.P. now owns 18,393 shares of the utilities provider’s stock valued at $1,006,000 after buying an additional 52 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. boosted its position in Ameren Corporation by 2.4% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,408 shares of the utilities provider’s stock valued at $132,000 after buying an additional 56 shares in the last quarter. Hedge funds and other institutional investors own 71.24% of the company’s stock.
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Shares of Ameren Corporation (NYSE:AEE) traded down $0.27 during trading hours on Friday, hitting $62.55. 59,477 shares of the stock were exchanged, compared to its average volume of 1,419,339. The firm has a market capitalization of $15,203.50, a price-to-earnings ratio of 24.29, a PEG ratio of 3.34 and a beta of 0.38. The company has a current ratio of 0.61, a quick ratio of 0.40 and a debt-to-equity ratio of 0.92. Ameren Corporation has a 52 week low of $46.97 and a 52 week high of $63.15.
Ameren Corporation (NYSE:AEE) last issued its quarterly earnings results on Friday, November 3rd. The utilities provider reported $1.24 EPS for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.07). The business had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.87 billion. Ameren Corporation had a return on equity of 8.61% and a net margin of 10.03%. Ameren Corporation’s revenue for the quarter was down 7.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.52 EPS. research analysts anticipate that Ameren Corporation will post 2.81 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Wednesday, December 13th will be issued a dividend of $0.4575 per share. This represents a $1.83 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date is Tuesday, December 12th. This is a positive change from Ameren Corporation’s previous quarterly dividend of $0.44. Ameren Corporation’s payout ratio is 69.84%.
AEE has been the topic of a number of research analyst reports. BidaskClub upgraded shares of Ameren Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. Morgan Stanley raised their target price on shares of Ameren Corporation from $56.00 to $57.00 and gave the company an “overweight” rating in a research report on Thursday, August 10th. Zacks Investment Research lowered shares of Ameren Corporation from a “buy” rating to a “hold” rating in a research report on Monday, September 11th. KeyCorp restated a “hold” rating on shares of Ameren Corporation in a research report on Friday, October 20th. Finally, Bank of America Corporation initiated coverage on shares of Ameren Corporation in a research report on Tuesday, October 24th. They issued a “neutral” rating and a $62.00 target price on the stock. One analyst has rated the stock with a sell rating, six have given a hold rating and one has given a strong buy rating to the stock. Ameren Corporation has an average rating of “Hold” and an average price target of $56.00.
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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