Ameren Corporation (AEE) Holdings Trimmed by Nationwide Fund Advisors
Nationwide Fund Advisors reduced its stake in shares of Ameren Corporation (NYSE:AEE) by 12.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 259,448 shares of the utilities provider’s stock after selling 37,227 shares during the quarter. Nationwide Fund Advisors owned 0.11% of Ameren worth $15,006,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently modified their holdings of the company. Swiss National Bank grew its position in Ameren by 2.7% during the second quarter. Swiss National Bank now owns 994,693 shares of the utilities provider’s stock worth $54,380,000 after buying an additional 26,500 shares during the period. Keybank National Association OH grew its position in shares of Ameren by 2.4% in the second quarter. Keybank National Association OH now owns 556,239 shares of the utilities provider’s stock valued at $30,410,000 after purchasing an additional 13,022 shares during the last quarter. ETRADE Capital Management LLC acquired a new stake in shares of Ameren in the second quarter valued at approximately $854,000. Captrust Financial Advisors acquired a new stake in shares of Ameren in the second quarter valued at approximately $523,000. Finally, Aviva PLC grew its position in shares of Ameren by 0.8% in the second quarter. Aviva PLC now owns 151,231 shares of the utilities provider’s stock valued at $8,268,000 after purchasing an additional 1,260 shares during the last quarter. Institutional investors own 70.35% of the company’s stock.
Shares of Ameren Corporation (AEE) traded up $0.28 during midday trading on Friday, reaching $63.96. 3,716,100 shares of the company were exchanged, compared to its average volume of 1,409,568. Ameren Corporation has a 1 year low of $48.32 and a 1 year high of $64.89. The firm has a market capitalization of $15,440.00, a price-to-earnings ratio of 24.75, a P/E/G ratio of 3.41 and a beta of 0.38. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.40 and a current ratio of 0.61.
Ameren (NYSE:AEE) last announced its earnings results on Friday, November 3rd. The utilities provider reported $1.24 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.31 by ($0.07). Ameren had a return on equity of 8.61% and a net margin of 10.03%. The firm had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same quarter last year, the business posted $1.52 EPS. The firm’s revenue was down 7.3% compared to the same quarter last year. analysts anticipate that Ameren Corporation will post 2.81 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Wednesday, December 13th will be given a dividend of $0.4575 per share. The ex-dividend date is Tuesday, December 12th. This represents a $1.83 dividend on an annualized basis and a yield of 2.86%. This is a positive change from Ameren’s previous quarterly dividend of $0.44. Ameren’s dividend payout ratio (DPR) is 69.84%.
AEE has been the topic of several research reports. Zacks Investment Research lowered shares of Ameren from a “buy” rating to a “hold” rating in a research report on Monday, September 11th. KeyCorp reiterated a “hold” rating on shares of Ameren in a research report on Friday, October 20th. Morgan Stanley restated an “equal weight” rating on shares of Ameren in a research report on Friday, September 8th. BidaskClub upgraded shares of Ameren from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 26th. Finally, ValuEngine upgraded shares of Ameren from a “hold” rating to a “buy” rating in a research report on Wednesday, November 15th. One analyst has rated the stock with a sell rating, six have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company. Ameren presently has an average rating of “Hold” and a consensus target price of $56.00.
In other Ameren news, SVP Gregory L. Nelson sold 12,000 shares of the stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $62.68, for a total transaction of $752,160.00. Following the transaction, the senior vice president now owns 36,785 shares of the company’s stock, valued at $2,305,683.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.38% of the company’s stock.
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Ameren 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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