Northpointe Capital LLC bought a new stake in Ameren Corp (NYSE:AEE) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 55,754 shares of the utilities provider’s stock, valued at approximately $4,101,000.
Several other large investors also recently added to or reduced their stakes in AEE. Oregon Public Employees Retirement Fund grew its position in shares of Ameren by 6,342.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,701,785 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 1,675,368 shares during the period. Berman Capital Advisors LLC purchased a new position in Ameren in the 4th quarter worth $27,000. Ironwood Financial llc purchased a new position in Ameren in the 4th quarter worth $31,000. Bremer Trust National Association purchased a new position in Ameren in the 4th quarter worth $31,000. Finally, Sound Income Strategies LLC purchased a new position in shares of Ameren in the fourth quarter valued at about $39,000. 72.47% of the stock is currently owned by institutional investors and hedge funds.
In related news, CFO Martin J. Lyons sold 17,794 shares of the business’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $70.82, for a total transaction of $1,260,171.08. Following the sale, the chief financial officer now owns 178,587 shares of the company’s stock, valued at $12,647,531.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Warner L. Baxter sold 41,090 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $70.77, for a total transaction of $2,907,939.30. Following the sale, the chief executive officer now directly owns 364,913 shares in the company, valued at approximately $25,824,893.01. The disclosure for this sale can be found here. Insiders have sold 121,873 shares of company stock worth $8,639,431 in the last three months. 0.52% of the stock is currently owned by insiders.
Ameren (NYSE:AEE) last announced its earnings results on Thursday, February 14th. The utilities provider reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.04). The company had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.56 billion. Ameren had a net margin of 12.95% and a return on equity of 10.87%. The company’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.39 EPS. On average, research analysts forecast that Ameren Corp will post 3.27 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Wednesday, March 13th were paid a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a yield of 2.68%. The ex-dividend date of this dividend was Tuesday, March 12th. Ameren’s payout ratio is currently 56.38%.
AEE has been the topic of a number of analyst reports. Morgan Stanley set a $73.00 price objective on shares of Ameren and gave the company a “hold” rating in a research report on Friday, February 22nd. Wells Fargo & Co boosted their price objective on shares of Ameren from $73.00 to $77.00 and gave the company an “outperform” rating in a research report on Monday, February 11th. Zacks Investment Research cut shares of Ameren from a “buy” rating to a “hold” rating in a research report on Wednesday, March 6th. Finally, ValuEngine lowered shares of Ameren from a “buy” rating to a “hold” rating in a research note on Thursday, April 4th. Eight analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $68.43.
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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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