Ameren (NYSE:AEE) – Stock analysts at KeyCorp issued their Q1 2018 earnings per share (EPS) estimates for shares of Ameren in a research report issued to clients and investors on Wednesday, April 18th. KeyCorp analyst P. Ridzon forecasts that the utilities provider will earn $0.63 per share for the quarter.
Several other research analysts have also issued reports on the company. Morgan Stanley increased their target price on Ameren from $54.00 to $57.00 and gave the stock a “sell” rating in a research report on Monday, April 16th. UBS raised Ameren from a “neutral” rating to a “buy” rating and set a $63.00 target price for the company in a research report on Monday, April 2nd. Gabelli initiated coverage on Ameren in a research report on Tuesday, March 27th. They set a “buy” rating and a $66.00 price objective for the company. Finally, Zacks Investment Research raised Ameren from a “sell” rating to a “hold” rating in a research report on Tuesday, February 13th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $59.50.
Ameren (NYSE:AEE) last announced its earnings results on Friday, February 16th. The utilities provider reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.05. Ameren had a return on equity of 9.43% and a net margin of 8.47%. The firm had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.60 billion. During the same quarter in the prior year, the company earned $0.13 EPS. The business’s revenue was up 3.4% compared to the same quarter last year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 29th. Investors of record on Wednesday, March 14th were given a dividend of $0.4575 per share. This represents a $1.83 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date was Tuesday, March 13th. Ameren’s dividend payout ratio (DPR) is presently 64.66%.
In related news, VP Martin J. Lyons sold 13,111 shares of the firm’s stock in a transaction that occurred on Thursday, March 1st. The stock was sold at an average price of $54.52, for a total transaction of $714,811.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Mark C. Lindgren sold 1,923 shares of the firm’s stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $54.28, for a total value of $104,380.44. Following the transaction, the senior vice president now directly owns 57,557 shares of the company’s stock, valued at approximately $3,124,193.96. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 16,986 shares of company stock valued at $925,147. 0.44% of the stock is owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of AEE. Dimensional Fund Advisors LP increased its position in Ameren by 0.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 566,018 shares of the utilities provider’s stock valued at $32,741,000 after buying an additional 1,645 shares in the last quarter. GSA Capital Partners LLP bought a new stake in shares of Ameren in the 3rd quarter worth $238,000. AXA increased its holdings in shares of Ameren by 46.8% in the 3rd quarter. AXA now owns 150,896 shares of the utilities provider’s stock worth $8,727,000 after purchasing an additional 48,083 shares in the last quarter. Parametric Portfolio Associates LLC increased its holdings in shares of Ameren by 6.2% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 785,531 shares of the utilities provider’s stock worth $45,435,000 after purchasing an additional 45,580 shares in the last quarter. Finally, QUANTRES ASSET MANAGEMENT Ltd bought a new stake in shares of Ameren in the 4th quarter worth $1,068,000. 69.75% of the stock is owned by institutional investors.
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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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