BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lessened its holdings in Ameren Corp (NYSE:AEE) by 11.6% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 91,194 shares of the utilities provider’s stock after selling 12,013 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Ameren were worth $5,164,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of AEE. Millennium Management LLC raised its position in shares of Ameren by 554.0% in the fourth quarter. Millennium Management LLC now owns 1,978,972 shares of the utilities provider’s stock worth $116,740,000 after buying an additional 1,676,365 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Ameren by 25.7% in the fourth quarter. Renaissance Technologies LLC now owns 3,180,400 shares of the utilities provider’s stock worth $187,612,000 after buying an additional 650,200 shares in the last quarter. DekaBank Deutsche Girozentrale raised its position in shares of Ameren by 49.9% in the first quarter. DekaBank Deutsche Girozentrale now owns 837,886 shares of the utilities provider’s stock worth $46,951,000 after buying an additional 278,810 shares in the last quarter. Mackay Shields LLC purchased a new stake in shares of Ameren in the first quarter worth $13,922,000. Finally, MUFG Securities EMEA plc raised its position in shares of Ameren by 657.6% in the first quarter. MUFG Securities EMEA plc now owns 250,000 shares of the utilities provider’s stock worth $14,158,000 after buying an additional 217,000 shares in the last quarter. Institutional investors own 69.57% of the company’s stock.
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In other Ameren news, SVP Mark C. Birk sold 3,500 shares of the firm’s stock in a transaction dated Thursday, June 14th. The stock was sold at an average price of $56.21, for a total transaction of $196,735.00. Following the sale, the senior vice president now owns 51,250 shares in the company, valued at $2,880,762.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Mark C. Lindgren sold 5,500 shares of the firm’s stock in a transaction dated Thursday, May 24th. The shares were sold at an average price of $58.68, for a total value of $322,740.00. Following the sale, the senior vice president now owns 24,275 shares in the company, valued at approximately $1,424,457. The disclosure for this sale can be found here. Insiders have sold 12,000 shares of company stock worth $689,455 in the last 90 days. Company insiders own 0.44% of the company’s stock.
Ameren opened at $58.28 on Wednesday, according to Marketbeat Ratings. Ameren Corp has a twelve month low of $51.89 and a twelve month high of $64.89. The company has a current ratio of 0.47, a quick ratio of 0.33 and a debt-to-equity ratio of 0.92. The stock has a market cap of $14.04 billion, a price-to-earnings ratio of 20.59, a PEG ratio of 2.90 and a beta of 0.27.
Ameren (NYSE:AEE) last released its quarterly earnings results on Wednesday, May 9th. The utilities provider reported $0.62 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.04. Ameren had a return on equity of 10.04% and a net margin of 9.15%. The business had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.55 billion. During the same quarter last year, the business posted $0.42 earnings per share. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. analysts predict that Ameren Corp will post 3.04 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 29th. Shareholders of record on Wednesday, June 13th will be given a dividend of $0.4575 per share. The ex-dividend date of this dividend is Tuesday, June 12th. This represents a $1.83 dividend on an annualized basis and a yield of 3.14%. Ameren’s payout ratio is 64.66%.
A number of equities research analysts recently issued reports on AEE shares. UBS Group increased their price objective on Ameren from $54.00 to $57.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 21st. Zacks Investment Research downgraded Ameren from a “buy” rating to a “hold” rating in a research report on Friday, May 25th. Morgan Stanley increased their price objective on Ameren from $54.00 to $57.00 and gave the stock a “sell” rating in a research report on Monday, April 16th. Gabelli started coverage on Ameren in a research report on Tuesday, March 27th. They issued a “buy” rating and a $66.00 price objective on the stock. Finally, Goldman Sachs Group reiterated a “neutral” rating on shares of Ameren in a research report on Friday, June 1st. Five equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. Ameren presently has a consensus rating of “Buy” and an average target price of $62.50.
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.