First Dallas Securities Inc. decreased its stake in Ameren Corp. (NYSE:AEE) by 1.5% during the second quarter, Holdings Channel reports. The firm owned 13,148 shares of the company’s stock after selling 196 shares during the period. First Dallas Securities Inc.’s holdings in Ameren Corp. were worth $705,000 as of its most recent filing with the SEC.
Several other hedge funds have also added to or reduced their stakes in the company. Bank of Montreal Can acquired a new stake in Ameren Corp. during the second quarter valued at $192,842,000. State Street Corp increased its stake 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 period. American Century Companies Inc. increased its stake 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 period. Teachers Advisors Inc. increased its stake 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 period. Finally, Renaissance Technologies LLC increased its stake 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 period. Institutional investors and hedge funds own 67.56% of the company’s stock.
Ameren Corp. (NYSE:AEE) traded down 0.43% during trading on Monday, reaching $51.48. The company’s stock had a trading volume of 1,164,217 shares. Ameren Corp. has a 1-year low of $41.24 and a 1-year high of $54.08. The stock has a market capitalization of $12.49 billion, a PE ratio of 20.07 and a beta of 0.35. The stock has a 50 day moving average price of $50.09 and a 200 day moving average price of $49.94.
Ameren Corp. (NYSE:AEE) last released its quarterly earnings results on Friday, August 5th. The company reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.09. The business earned $1.43 billion during the quarter, compared to analysts’ expectations of $1.45 billion. Ameren Corp. had a return on equity of 8.83% and a net margin of 10.40%. The company’s revenue was up 1.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.58 EPS. Analysts anticipate that Ameren Corp. will post $2.54 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Thursday, September 8th will be issued a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 3.30%. The ex-dividend date of this dividend is Tuesday, September 6th. Ameren Corp.’s dividend payout ratio is presently 66.15%.
Several analysts recently weighed in on AEE shares. Barclays PLC restated a “buy” rating and issued a $55.00 price objective on shares of Ameren Corp. in a report on Wednesday, July 6th. Zacks Investment Research upgraded Ameren Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, August 9th.
In other news, SVP Bruce A. Steinke sold 3,000 shares of the stock in a transaction on Thursday, August 11th. The stock was sold at an average price of $50.82, for a total transaction of $152,460.00. Following the completion of the transaction, the senior vice president now directly owns 24,660 shares in the company, valued at approximately $1,253,221.20. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Walter J. Galvin sold 36,989 shares of the stock in a transaction on Wednesday, September 7th. The stock was 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. Insiders own 0.38% of the company’s stock.
Ameren Corp. Company Profile
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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