Wells Fargo & Company MN boosted its holdings in shares of Ameren Corp (NYSE:AEE) by 1.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,618,373 shares of the utilities provider’s stock after acquiring an additional 50,663 shares during the quarter. Wells Fargo & Company MN owned 1.89% of Ameren worth $291,974,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of AEE. Rampart Investment Management Company LLC bought a new stake in Ameren during the 2nd quarter worth approximately $150,000. Orrstown Financial Services Inc. bought a new stake in Ameren during the 2nd quarter worth approximately $152,000. Bronfman E.L. Rothschild L.P. grew its holdings in Ameren by 274.3% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,553 shares of the utilities provider’s stock worth $155,000 after acquiring an additional 1,871 shares during the last quarter. Centaurus Financial Inc. bought a new stake in Ameren during the 2nd quarter worth approximately $166,000. Finally, Piedmont Investment Advisors LLC bought a new stake in Ameren during the 2nd quarter worth approximately $174,000. 70.83% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts have recently commented on AEE shares. ValuEngine raised shares of Ameren from a “hold” rating to a “buy” rating in a research note on Tuesday, October 9th. Barclays started coverage on shares of Ameren in a research note on Tuesday, July 10th. They issued an “equal weight” rating and a $63.00 price objective on the stock. Morgan Stanley reduced their price objective on shares of Ameren from $67.00 to $65.00 and set an “equal weight” rating on the stock in a research note on Friday, September 21st. Wolfe Research lowered shares of Ameren from an “outperform” rating to a “hold” rating in a research note on Friday, October 26th. Finally, SunTrust Banks started coverage on shares of Ameren in a research note on Wednesday, September 26th. They issued a “hold” rating and a $64.00 price objective on the stock. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $65.13.
Ameren (NYSE:AEE) last posted its quarterly earnings data on Wednesday, October 31st. The utilities provider reported $1.50 EPS for the quarter, beating the Zacks’ consensus estimate of $1.31 by $0.19. Ameren had a net margin of 10.95% and a return on equity of 11.38%. The company had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same period in the prior year, the firm posted $1.24 EPS. The company’s quarterly revenue was up .1% on a year-over-year basis. Equities research analysts forecast that Ameren Corp will post 3.4 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 31st. Stockholders of record on Wednesday, December 12th will be paid a $0.475 dividend. This is a positive change from Ameren’s previous quarterly dividend of $0.46. This represents a $1.90 dividend on an annualized basis and a dividend yield of 2.92%. The ex-dividend date of this dividend is Tuesday, December 11th. Ameren’s dividend payout ratio is currently 64.66%.
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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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