Oakbrook Investments LLC cut its position in Ameren Corp (NYSE:AEE) by 3.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,103 shares of the utilities provider’s stock after selling 400 shares during the quarter. Oakbrook Investments LLC’s holdings in Ameren were worth $817,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently modified their holdings of AEE. Chartwell Investment Partners LLC grew its stake in Ameren by 327.0% during the 1st quarter. Chartwell Investment Partners LLC now owns 223,786 shares of the utilities provider’s stock worth $16,459,000 after purchasing an additional 171,371 shares in the last quarter. MML Investors Services LLC grew its stake in Ameren by 129.0% during the 4th quarter. MML Investors Services LLC now owns 7,889 shares of the utilities provider’s stock worth $515,000 after purchasing an additional 4,444 shares in the last quarter. Sound Income Strategies LLC acquired a new position in Ameren during the 4th quarter worth $39,000. Morgan Stanley grew its stake in Ameren by 28.8% during the 3rd quarter. Morgan Stanley now owns 1,054,491 shares of the utilities provider’s stock worth $66,665,000 after purchasing an additional 235,626 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its stake in Ameren by 2.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 76,283 shares of the utilities provider’s stock worth $4,976,000 after purchasing an additional 1,828 shares in the last quarter. 72.47% of the stock is owned by institutional investors and hedge funds.
In other Ameren news, CAO Bruce A. Steinke sold 6,441 shares of Ameren stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $70.84, for a total transaction of $456,280.44. Following the completion of the sale, the chief accounting officer now directly owns 48,883 shares of the company’s stock, valued at approximately $3,462,871.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Fadi M. Diya sold 15,000 shares of Ameren stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $71.18, for a total value of $1,067,700.00. Following the sale, the senior vice president now directly owns 62,572 shares of the company’s stock, valued at $4,453,874.96. The disclosure for this sale can be found here. Insiders have sold a total of 121,873 shares of company stock valued at $8,639,431 over the last ninety days. 0.52% of the stock is owned by company insiders.
Ameren (NYSE:AEE) last announced its quarterly earnings results on Thursday, February 14th. The utilities provider reported $0.28 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.04). The business had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.56 billion. Ameren had a return on equity of 10.87% and a net margin of 12.95%. The firm’s quarterly revenue was up 1.4% on a year-over-year basis. During the same period last year, the firm earned $0.39 earnings per share. As a group, research analysts forecast that Ameren Corp will post 3.27 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Wednesday, March 13th were issued a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date was Tuesday, March 12th. Ameren’s dividend payout ratio (DPR) is 56.38%.
Several research analysts recently commented on AEE shares. Wells Fargo & Co boosted their target price on Ameren from $73.00 to $77.00 and gave the stock an “outperform” rating in a research note on Monday, February 11th. ValuEngine cut Ameren from a “buy” rating to a “hold” rating in a research note on Thursday, April 4th. Zacks Investment Research cut Ameren from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 13th. Finally, Morgan Stanley set a $73.00 target price on Ameren and gave the stock a “hold” rating in a research note on Friday, February 22nd. Eight analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Ameren has a consensus rating of “Hold” and a consensus target price of $68.43.
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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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