4,873 Shares in Ameren Corp (AEE) Purchased by AE Wealth Management LLC
AE Wealth Management LLC bought a new position in shares of Ameren Corp (NYSE:AEE) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 4,873 shares of the utilities provider’s stock, valued at approximately $297,000.
Several other institutional investors have also recently bought and sold shares of AEE. Tower Research Capital LLC TRC lifted its holdings in Ameren by 28,671.0% in the second quarter. Tower Research Capital LLC TRC now owns 17,838 shares of the utilities provider’s stock worth $1,085,000 after buying an additional 17,776 shares during the period. Paloma Partners Management Co lifted its holdings in Ameren by 33.1% in the second quarter. Paloma Partners Management Co now owns 10,852 shares of the utilities provider’s stock worth $660,000 after buying an additional 2,697 shares during the period. Cubist Systematic Strategies LLC lifted its holdings in Ameren by 284.4% in the second quarter. Cubist Systematic Strategies LLC now owns 21,071 shares of the utilities provider’s stock worth $1,282,000 after buying an additional 15,589 shares during the period. Bank of America Corp DE lifted its holdings in Ameren by 66.0% in the second quarter. Bank of America Corp DE now owns 1,092,823 shares of the utilities provider’s stock worth $66,498,000 after buying an additional 434,564 shares during the period. Finally, Voya Investment Management LLC increased its stake in shares of Ameren by 48.7% during the second quarter. Voya Investment Management LLC now owns 2,145,187 shares of the utilities provider’s stock valued at $130,535,000 after purchasing an additional 702,145 shares in the last quarter. Institutional investors own 70.48% of the company’s stock.
A number of equities analysts have weighed in on AEE shares. Zacks Investment Research downgraded shares of Ameren from a “buy” rating to a “hold” rating in a research note on Friday, May 25th. Goldman Sachs Group reaffirmed a “neutral” rating on shares of Ameren in a research note on Friday, June 1st. Morgan Stanley raised shares of Ameren from an “underweight” rating to an “equal weight” rating and set a $61.00 target price for the company in a research note on Wednesday, June 6th. Finally, Barclays started coverage on shares of Ameren in a research note on Tuesday, July 10th. They set an “equal weight” rating and a $63.00 target price for the company. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Ameren currently has an average rating of “Hold” and a consensus target price of $64.00.
Ameren (NYSE:AEE) last announced its earnings results on Friday, August 3rd. The utilities provider reported $0.97 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.18. Ameren had a net margin of 9.85% and a return on equity of 10.60%. The business had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter last year, the firm earned $0.79 earnings per share. The business’s revenue for the quarter was up 1.7% on a year-over-year basis. sell-side analysts anticipate that Ameren Corp will post 3.25 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Wednesday, September 12th will be paid a dividend of $0.4575 per share. This represents a $1.83 dividend on an annualized basis and a dividend yield of 2.80%. The ex-dividend date is Tuesday, September 11th. Ameren’s dividend payout ratio is 64.66%.
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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