Ameren Corp (AEE) Shares Bought by Norinchukin Bank The
Norinchukin Bank The increased its holdings in Ameren Corp (NYSE:AEE) by 13.7% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 31,388 shares of the utilities provider’s stock after buying an additional 3,782 shares during the quarter. Norinchukin Bank The’s holdings in Ameren were worth $1,984,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in AEE. Bessemer Group Inc. bought a new stake in Ameren in the 3rd quarter worth about $154,395,000. JPMorgan Chase & Co. increased its holdings in Ameren by 836.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,983,461 shares of the utilities provider’s stock worth $125,394,000 after buying an additional 1,771,596 shares in the last quarter. Vaughan Nelson Investment Management L.P. bought a new stake in Ameren in the 2nd quarter worth about $47,726,000. Voya Investment Management LLC grew its stake in shares of Ameren by 48.7% during the 2nd 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 during the period. Finally, American Century Companies Inc. grew its stake in shares of Ameren by 74.5% during the 2nd quarter. American Century Companies Inc. now owns 1,638,070 shares of the utilities provider’s stock valued at $99,677,000 after purchasing an additional 699,582 shares during the period. Institutional investors own 73.93% of the company’s stock.
In other news, insider Michael L. Moehn sold 8,000 shares of Ameren stock in a transaction dated Thursday, November 15th. The stock was sold at an average price of $69.00, for a total transaction of $552,000.00. Following the transaction, the insider now directly owns 80,567 shares of the company’s stock, valued at approximately $5,559,123. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Gregory L. Nelson sold 10,000 shares of Ameren stock in a transaction dated Thursday, November 15th. The shares were sold at an average price of $69.00, for a total value of $690,000.00. Following the transaction, the senior vice president now directly owns 46,095 shares in the company, valued at $3,180,555. The disclosure for this sale can be found here. 0.44% of the stock is owned by insiders.
Ameren (NYSE:AEE) last released its quarterly earnings results on Wednesday, October 31st. The utilities provider reported $1.50 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.31 by $0.19. The business had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.82 billion. Ameren had a return on equity of 11.38% and a net margin of 10.95%. The business’s quarterly revenue was up .1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.24 EPS. On average, sell-side analysts expect that Ameren Corp will post 3.37 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 31st. Stockholders of record on Wednesday, December 12th will be given a dividend of $0.475 per share. This is a boost from Ameren’s previous quarterly dividend of $0.46. This represents a $1.90 dividend on an annualized basis and a dividend yield of 2.75%. The ex-dividend date of this dividend is Tuesday, December 11th. Ameren’s payout ratio is presently 64.66%.
A number of equities research analysts have issued reports on the company. Wells Fargo & Co boosted their price target on Ameren from $67.00 to $71.00 and gave the company an “outperform” rating in a research note on Monday, September 17th. Barclays set a $67.00 price target on Ameren and gave the company a “hold” rating in a research note on Saturday. ValuEngine upgraded Ameren from a “hold” rating to a “buy” rating in a research note on Monday, November 12th. SunTrust Banks assumed coverage on Ameren in a research note on Wednesday, September 26th. They set a “hold” rating and a $64.00 price target for the company. Finally, Morgan Stanley boosted their price target on Ameren from $62.00 to $67.00 and gave the company an “equal weight” rating in a research note on Tuesday, September 11th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $65.38.
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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