Bridgewater Associates LP Has $360,000 Holdings in Ameren Corp (AEE)
Bridgewater Associates LP lowered its stake in Ameren Corp (NYSE:AEE) by 41.7% in the second quarter, Holdings Channel reports. The institutional investor owned 5,915 shares of the utilities provider’s stock after selling 4,232 shares during the quarter. Bridgewater Associates LP’s holdings in Ameren were worth $360,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in the business. Adviser Investments LLC bought a new position in shares of Ameren in the first quarter worth about $105,000. Dupont Capital Management Corp increased its stake in shares of Ameren by 216.8% in the first quarter. Dupont Capital Management Corp now owns 2,335 shares of the utilities provider’s stock worth $132,000 after purchasing an additional 1,598 shares during the period. Signaturefd LLC bought a new position in shares of Ameren in the first quarter worth about $133,000. Orrstown Financial Services Inc. bought a new position in shares of Ameren in the second quarter worth about $152,000. Finally, Bronfman E.L. Rothschild L.P. increased its stake in shares of Ameren by 274.3% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 2,553 shares of the utilities provider’s stock worth $155,000 after purchasing an additional 1,871 shares during the period. 70.48% of the stock is owned by institutional investors.
In related news, SVP Mark C. Birk sold 3,500 shares of the business’s stock in a transaction dated Thursday, June 14th. The stock was sold at an average price of $56.21, for a total transaction of $196,735.00. Following the transaction, the senior vice president now directly owns 51,250 shares in the company, valued at $2,880,762.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.44% of the company’s stock.
Ameren (NYSE:AEE) last posted its quarterly earnings data on Friday, August 3rd. The utilities provider reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.18. The business had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.54 billion. Ameren had a return on equity of 10.60% and a net margin of 9.85%. The firm’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.79 earnings per share. analysts anticipate that Ameren Corp will post 3.25 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Wednesday, September 12th will be paid a dividend of $0.4575 per share. The ex-dividend date of this dividend is Tuesday, September 11th. This represents a $1.83 annualized dividend and a yield of 2.80%. Ameren’s dividend payout ratio is 64.66%.
A number of research firms have recently commented on AEE. Morgan Stanley lifted their price objective on Ameren from $62.00 to $67.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Barclays began coverage on Ameren in a research note on Tuesday, July 10th. They issued an “equal weight” rating and a $63.00 price objective on the stock. Goldman Sachs Group reiterated a “neutral” rating on shares of Ameren in a research note on Friday, June 1st. Finally, Zacks Investment Research upgraded Ameren from a “hold” rating to a “buy” rating and set a $66.00 price objective on the stock in a research note on Tuesday, May 29th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $64.00.
Ameren Corporation operates as a public utility holding company in the United States. It operates through four segments: Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, and Ameren Transmission. The company engages in the rate-regulated electric generation, transmission, and distribution activities; and rate-regulated natural gas distribution and transmission businesses.
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