State of Alaska Department of Revenue Raises Stake in Ameren Corp (AEE)

Share on StockTwits

State of Alaska Department of Revenue grew its holdings in Ameren Corp (NYSE:AEE) by 23.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 87,214 shares of the utilities provider’s stock after purchasing an additional 16,600 shares during the period. State of Alaska Department of Revenue’s holdings in Ameren were worth $5,512,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the stock. Summit X LLC increased its holdings in Ameren by 7.3% in the second quarter. Summit X LLC now owns 11,818 shares of the utilities provider’s stock worth $718,000 after buying an additional 799 shares during the last quarter. Brown Advisory Inc. increased its holdings in Ameren by 19.7% in the second quarter. Brown Advisory Inc. now owns 5,108 shares of the utilities provider’s stock worth $311,000 after buying an additional 839 shares during the last quarter. CIBC Asset Management Inc increased its holdings in Ameren by 4.0% in the second quarter. CIBC Asset Management Inc now owns 25,189 shares of the utilities provider’s stock worth $1,533,000 after buying an additional 963 shares during the last quarter. Braun Stacey Associates Inc. increased its holdings in Ameren by 5.8% in the second quarter. Braun Stacey Associates Inc. now owns 19,068 shares of the utilities provider’s stock worth $1,160,000 after buying an additional 1,050 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its holdings in Ameren by 16.0% in the second quarter. Janney Montgomery Scott LLC now owns 7,822 shares of the utilities provider’s stock worth $476,000 after buying an additional 1,080 shares during the last quarter. Hedge funds and other institutional investors own 70.46% of the company’s stock.

Shares of AEE stock opened at $63.80 on Friday. Ameren Corp has a 12 month low of $51.89 and a 12 month high of $67.06. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.45 and a current ratio of 0.62. The company has a market cap of $15.43 billion, a price-to-earnings ratio of 22.54, a P/E/G ratio of 3.01 and a beta of 0.20.

Ameren (NYSE:AEE) last announced its quarterly earnings results on Friday, August 3rd. The utilities provider reported $0.97 EPS for the quarter, beating the consensus estimate of $0.79 by $0.18. Ameren had a return on equity of 10.60% and a net margin of 9.85%. The company had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter last year, the company posted $0.79 earnings per share. The company’s revenue for the quarter was up 1.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Ameren Corp will post 3.25 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 31st. Shareholders of record on Wednesday, December 12th will be issued a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a yield of 2.98%. This is an increase from Ameren’s previous quarterly dividend of $0.46. Ameren’s dividend payout ratio (DPR) is 64.66%.

A number of equities analysts recently commented on the company. Wells Fargo & Co increased their price objective on Ameren from $67.00 to $71.00 and gave the stock an “outperform” rating in a report on Monday, September 17th. ValuEngine upgraded Ameren from a “hold” rating to a “buy” rating in a report on Tuesday. SunTrust Banks assumed coverage on Ameren in a report on Wednesday, September 26th. They issued a “hold” rating and a $64.00 price objective on the stock. Morgan Stanley increased their price objective on Ameren from $62.00 to $67.00 and gave the stock an “equal weight” rating in a report on Tuesday, September 11th. Finally, Barclays assumed coverage on Ameren in a report on Tuesday, July 10th. They issued an “equal weight” rating and a $63.00 price objective on the stock. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $64.56.

Ameren 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.

See Also: What does EPS mean?

Want to see what other hedge funds are holding AEE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ameren Corp (NYSE:AEE).

Institutional Ownership by Quarter for Ameren (NYSE:AEE)

Receive News & Ratings for Ameren Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ameren and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply