National Pension Service Grows Stock Position in Ameren Corp (NYSE:AEE)

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National Pension Service lifted its stake in Ameren Corp (NYSE:AEE) by 8.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 320,792 shares of the utilities provider’s stock after purchasing an additional 23,852 shares during the period. National Pension Service owned about 0.13% of Ameren worth $24,095,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in AEE. Cornerstone Advisors Inc. raised its stake in Ameren by 104.9% in the first quarter. Cornerstone Advisors Inc. now owns 373 shares of the utilities provider’s stock valued at $27,000 after buying an additional 191 shares in the last quarter. Interactive Financial Advisors acquired a new stake in Ameren in the first quarter valued at $33,000. SRS Capital Advisors Inc. acquired a new stake in shares of Ameren during the second quarter worth about $57,000. Kavar Capital Partners LLC acquired a new stake in shares of Ameren during the second quarter worth about $84,000. Finally, Altshuler Shaham Ltd increased its position in shares of Ameren by 102.2% during the second quarter. Altshuler Shaham Ltd now owns 1,219 shares of the utilities provider’s stock worth $92,000 after purchasing an additional 616 shares in the last quarter. Hedge funds and other institutional investors own 70.90% of the company’s stock.

Shares of NYSE AEE traded up $0.04 during midday trading on Thursday, reaching $78.52. 65,017 shares of the company were exchanged, compared to its average volume of 1,771,650. The company has a current ratio of 0.55, a quick ratio of 0.39 and a debt-to-equity ratio of 1.04. Ameren Corp has a 1 year low of $62.06 and a 1 year high of $78.88. The stock has a fifty day simple moving average of $76.38 and a 200 day simple moving average of $74.62. The stock has a market cap of $18.97 billion, a P/E ratio of 23.30, a PEG ratio of 3.71 and a beta of 0.23.

Ameren (NYSE:AEE) last released its quarterly earnings results on Friday, August 2nd. The utilities provider reported $0.72 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.75 by ($0.03). Ameren had a return on equity of 10.31% and a net margin of 13.08%. The company had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.43 billion. During the same period in the prior year, the business earned $0.97 EPS. As a group, analysts forecast that Ameren Corp will post 3.24 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Wednesday, September 11th will be issued a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date of this dividend is Tuesday, September 10th. Ameren’s dividend payout ratio is currently 56.38%.

AEE has been the topic of a number of research analyst reports. Morgan Stanley lifted their target price on Ameren from $78.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Friday, September 6th. Bank of America upgraded Ameren from a “neutral” rating to a “buy” rating in a research report on Tuesday. They noted that the move was a valuation call. Argus upgraded Ameren from a “hold” rating to a “buy” rating in a research report on Thursday, July 25th. SunTrust Banks set a $82.00 target price on Ameren and gave the stock a “hold” rating in a research report on Tuesday, September 3rd. Finally, KeyCorp initiated coverage on Ameren in a research report on Tuesday, June 4th. They set a “sector weight” rating 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 stock presently has a consensus rating of “Hold” and an average target price of $76.17.

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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Institutional Ownership by Quarter for Ameren (NYSE:AEE)

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