Northpointe Capital LLC Buys Shares of 55,754 Ameren Corp (NYSE:AEE)

Northpointe Capital LLC acquired a new position in shares of Ameren Corp (NYSE:AEE) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 55,754 shares of the utilities provider’s stock, valued at approximately $4,101,000.

A number of other hedge funds have also bought and sold shares of AEE. Meeder Asset Management Inc. grew its stake in Ameren by 273.9% during the 1st quarter. Meeder Asset Management Inc. now owns 46,109 shares of the utilities provider’s stock worth $3,391,000 after buying an additional 33,776 shares during the last quarter. TIAA FSB grew its stake in Ameren by 6.1% during the 1st quarter. TIAA FSB now owns 12,846 shares of the utilities provider’s stock worth $945,000 after buying an additional 741 shares during the last quarter. Retirement Systems of Alabama grew its stake in Ameren by 1.2% during the 1st quarter. Retirement Systems of Alabama now owns 113,915 shares of the utilities provider’s stock worth $8,378,000 after buying an additional 1,374 shares during the last quarter. Whitehelm Capital Pty Ltd grew its stake in Ameren by 2.4% during the 1st quarter. Whitehelm Capital Pty Ltd now owns 102,131 shares of the utilities provider’s stock worth $7,512,000 after buying an additional 2,429 shares during the last quarter. Finally, Virtu Financial LLC grew its stake in Ameren by 335.4% during the 1st quarter. Virtu Financial LLC now owns 14,403 shares of the utilities provider’s stock worth $1,059,000 after buying an additional 11,095 shares during the last quarter. Institutional investors own 71.85% of the company’s stock.

AEE stock traded up $0.54 during trading on Thursday, reaching $71.90. 1,434,950 shares of the company’s stock were exchanged, compared to its average volume of 1,376,923. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.39 and a current ratio of 0.57. Ameren Corp has a 1-year low of $55.21 and a 1-year high of $74.91. The firm has a market capitalization of $17.51 billion, a PE ratio of 21.34, a price-to-earnings-growth ratio of 3.57 and a beta of 0.27.

Ameren (NYSE:AEE) last announced its quarterly earnings results on Thursday, May 9th. The utilities provider reported $0.78 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.10. The company had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.62 billion. Ameren had a return on equity of 10.87% and a net margin of 12.95%. The firm’s quarterly revenue was down 1.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.62 EPS. Equities research analysts predict that Ameren Corp will post 3.27 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Wednesday, June 12th will be issued a $0.475 dividend. The ex-dividend date of this dividend is Tuesday, June 11th. This represents a $1.90 annualized dividend and a dividend yield of 2.64%. Ameren’s dividend payout ratio (DPR) is 56.38%.

A number of research analysts recently commented on the company. Zacks Investment Research upgraded Ameren from a “sell” rating to a “hold” rating in a research note on Monday. ValuEngine downgraded Ameren from a “buy” rating to a “hold” rating in a research note on Thursday, April 4th. Wells Fargo & Co boosted their price target on Ameren from $73.00 to $77.00 and gave the stock an “outperform” rating in a research report on Monday, February 11th. Finally, Morgan Stanley boosted their price target on Ameren from $66.00 to $69.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 12th. Eight research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Ameren presently has an average rating of “Hold” and an average target price of $68.43.

In other news, insider Michael L. Moehn sold 12,000 shares of the company’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $71.18, for a total value of $854,160.00. Following the completion of the sale, the insider now owns 99,795 shares in the company, valued at $7,103,408.10. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Bruce A. Steinke sold 6,441 shares of the company’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $70.84, for a total value of $456,280.44. Following the completion of the sale, the chief accounting officer now owns 48,883 shares of the company’s stock, valued at approximately $3,462,871.72. The disclosure for this sale can be found here. In the last 90 days, insiders sold 121,873 shares of company stock valued at $8,639,431. Insiders own 0.52% of the company’s stock.

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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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Institutional Ownership by Quarter for Ameren (NYSE:AEE)

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