UMB Bank N A MO lowered its position in Ameren Corp. (NYSE:AEE) by 1.1% during the second quarter, Holdings Channel reports. The firm owned 39,429 shares of the company’s stock after selling 425 shares during the period. UMB Bank N A MO’s holdings in Ameren Corp. were worth $2,113,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Acropolis Investment Management LLC increased its stake in Ameren Corp. by 0.5% in the second quarter. Acropolis Investment Management LLC now owns 2,361 shares of the company’s stock worth $126,000 after buying an additional 12 shares during the period. First Republic Investment Management Inc. increased its stake in Ameren Corp. by 0.4% in the first quarter. First Republic Investment Management Inc. now owns 11,501 shares of the company’s stock worth $576,000 after buying an additional 44 shares during the period. FirstMerit Bank N A Trustee increased its stake in Ameren Corp. by 0.7% in the second quarter. FirstMerit Bank N A Trustee now owns 13,416 shares of the company’s stock worth $719,000 after buying an additional 90 shares during the period. Nomura Asset Management Co. Ltd. increased its stake in Ameren Corp. by 0.3% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 32,280 shares of the company’s stock worth $1,395,000 after buying an additional 110 shares during the period. Finally, Conning Inc. increased its stake in Ameren Corp. by 3.0% in the second quarter. Conning Inc. now owns 7,575 shares of the company’s stock worth $406,000 after buying an additional 220 shares during the period. 67.56% of the stock is owned by hedge funds and other institutional investors.
Shares of Ameren Corp. (NYSE:AEE) traded up 0.56% on Friday, reaching $51.70. The company had a trading volume of 1,576,289 shares. Ameren Corp. has a 52 week low of $40.81 and a 52 week high of $54.08. The firm has a market capitalization of $12.54 billion, a P/E ratio of 20.16 and a beta of 0.35. The company’s 50-day moving average price is $50.09 and its 200 day moving average price is $49.90.
Ameren Corp. (NYSE:AEE) last issued its quarterly earnings results on Friday, August 5th. The company reported $0.61 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.09. Ameren Corp. had a return on equity of 8.83% and a net margin of 10.40%. The company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter in the prior year, the business earned $0.58 EPS. Ameren Corp.’s revenue was up 1.9% on a year-over-year basis. On average, analysts expect that Ameren Corp. will post $2.54 EPS for the current 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 issued a $0.425 dividend. The ex-dividend date of this dividend is Tuesday, September 6th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 3.29%. Ameren Corp.’s payout ratio is currently 66.15%.
A number of research firms recently commented on AEE. Zacks Investment Research raised Ameren Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, August 9th. Barclays PLC reaffirmed a “buy” rating and set a $55.00 target price on shares of Ameren Corp. in a report on Wednesday, July 6th.
In other news, Director Walter J. Galvin sold 36,989 shares of the stock in a transaction dated Wednesday, September 7th. The stock was sold at an average price of $49.94, for a total value of $1,847,230.66. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Bruce A. Steinke sold 3,000 shares of the stock in a transaction dated Thursday, August 11th. The shares were sold at an average price of $50.82, for a total value of $152,460.00. Following the completion of the transaction, the senior vice president now owns 24,660 shares in the company, valued at approximately $1,253,221.20. The disclosure for this sale can be found here. 0.38% of the stock is owned by insiders.
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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