Prudential Financial Inc. boosted its stake in Ameren Corp. (NYSE:AEE) by 10.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 366,523 shares of the company’s stock after buying an additional 35,719 shares during the period. Prudential Financial Inc. owned approximately 0.15% of Ameren Corp. worth $19,638,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently bought and sold shares of AEE. Bank of Montreal Can purchased a new position in Ameren Corp. during the second quarter valued at about $192,842,000. State Street Corp raised its position in Ameren Corp. by 7.0% in the first quarter. State Street Corp now owns 13,000,297 shares of the company’s stock valued at $651,300,000 after buying an additional 851,690 shares during the last quarter. American Century Companies Inc. raised its position in Ameren Corp. by 33.6% in the second quarter. American Century Companies Inc. now owns 2,672,261 shares of the company’s stock valued at $143,180,000 after buying an additional 672,351 shares during the last quarter. Teachers Advisors Inc. raised its position in Ameren Corp. by 146.4% in the first quarter. Teachers Advisors Inc. now owns 800,781 shares of the company’s stock valued at $40,119,000 after buying an additional 475,740 shares during the last quarter. Finally, Renaissance Technologies LLC raised its position in Ameren Corp. by 31.8% in the first quarter. Renaissance Technologies LLC now owns 1,385,600 shares of the company’s stock valued at $69,419,000 after buying an additional 334,400 shares during the last quarter. 67.56% of the stock is currently owned by hedge funds and other institutional investors.
Ameren Corp. (NYSE:AEE) traded down 0.37% on Tuesday, hitting $51.29. The stock had a trading volume of 337,855 shares. The firm has a market cap of $12.44 billion, a PE ratio of 20.00 and a beta of 0.35. Ameren Corp. has a 12-month low of $41.25 and a 12-month high of $54.08. The company’s 50 day moving average is $50.10 and its 200 day moving average is $49.99.
Ameren Corp. (NYSE:AEE) last announced its quarterly earnings data on Friday, August 5th. The company reported $0.61 EPS for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.09. The business earned $1.43 billion during the quarter, compared to the consensus estimate of $1.45 billion. Ameren Corp. had a return on equity of 8.83% and a net margin of 10.40%. The business’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.58 earnings per share. On average, equities research analysts expect that Ameren Corp. will post $2.54 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Thursday, September 8th will be given a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 3.30%. The ex-dividend date is Tuesday, September 6th. Ameren Corp.’s dividend payout ratio is currently 66.15%.
Several equities analysts recently issued reports on AEE shares. Barclays PLC reissued a “buy” rating and set a $55.00 target price on shares of Ameren Corp. in a research note on Wednesday, July 6th. Zacks Investment Research raised Ameren Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, August 9th.
In other news, SVP Bruce A. Steinke sold 3,000 shares of Ameren Corp. stock in a transaction on Thursday, August 11th. The stock was sold at an average price of $50.82, for a total value of $152,460.00. Following the completion of the sale, the senior vice president now owns 24,660 shares of the company’s stock, valued at $1,253,221.20. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Walter J. Galvin sold 36,989 shares of Ameren Corp. stock in a transaction on Wednesday, September 7th. The shares were sold at an average price of $49.94, for a total value of $1,847,230.66. The disclosure for this sale can be found here. 0.38% of the stock is owned by insiders.
About Ameren Corp.
Ameren Corporation (Ameren) is a public utility holding company. Ameren’s primary assets are its equity interests in its subsidiaries, including Union Electric Company (doing business as Ameren Missouri) and Ameren Illinois Company (Ameren Illinois). Ameren operates through two segments: Ameren Missouri and Ameren Illinois.
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