OLD Mutual Customised Solutions Proprietary Ltd. raised its holdings in shares of Ameren Corp (NYSE:AEE) by 42.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,100 shares of the utilities provider’s stock after buying an additional 2,400 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd.’s holdings in Ameren were worth $493,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Centaurus Financial Inc. purchased a new position in shares of Ameren during the second quarter valued at approximately $166,000. AE Wealth Management LLC purchased a new position in shares of Ameren during the second quarter valued at approximately $297,000. Tower Research Capital LLC TRC boosted its position in shares of Ameren by 28,671.0% during the second quarter. Tower Research Capital LLC TRC now owns 17,838 shares of the utilities provider’s stock valued at $1,085,000 after buying an additional 17,776 shares during the period. Paloma Partners Management Co boosted its position in shares of Ameren by 33.1% during the second quarter. Paloma Partners Management Co now owns 10,852 shares of the utilities provider’s stock valued at $660,000 after buying an additional 2,697 shares during the period. Finally, Cubist Systematic Strategies LLC boosted its holdings in shares of Ameren by 284.4% in the second quarter. Cubist Systematic Strategies LLC now owns 21,071 shares of the utilities provider’s stock valued at $1,282,000 after purchasing an additional 15,589 shares during the period. Institutional investors and hedge funds own 70.48% of the company’s stock.

Shares of NYSE AEE opened at $65.41 on Monday. The company has a quick ratio of 0.45, a current ratio of 0.62 and a debt-to-equity ratio of 1.01. The company has a market capitalization of $15.95 billion, a P/E ratio of 23.11, a PEG ratio of 3.04 and a beta of 0.21. Ameren Corp has a 52-week low of $51.89 and a 52-week high of $66.11.

Ameren (NYSE:AEE) last announced its quarterly earnings results on Friday, August 3rd. The utilities provider reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.18. The firm had revenue of $1.56 billion during 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%. Ameren’s quarterly revenue was up 1.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.79 earnings per share. analysts anticipate that Ameren Corp will post 3.25 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Wednesday, September 12th will be issued a dividend of $0.4575 per share. The ex-dividend date is Tuesday, September 11th. This represents a $1.83 dividend on an annualized basis and a yield of 2.80%. Ameren’s dividend payout ratio is currently 64.66%.

A number of analysts recently issued reports on AEE shares. Zacks Investment Research upgraded Ameren from a “hold” rating to a “buy” rating and set a $66.00 price target for the company in a report on Tuesday, May 29th. Barclays started coverage on Ameren in a report on Tuesday, July 10th. They issued an “equal weight” rating and a $63.00 price target for the company. Morgan Stanley lowered their price target on Ameren from $61.00 to $57.00 and set an “equal weight” rating for the company in a report on Wednesday, June 13th. Finally, Goldman Sachs Group upgraded Ameren from a “sell” rating to a “neutral” rating and set a $61.00 price target for the company in a report on Tuesday, May 22nd. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Ameren currently has a consensus rating of “Hold” and a consensus target price of $64.00.

Ameren Company Profile

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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Institutional Ownership by Quarter for Ameren (NYSE:AEE)

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