New York State Common Retirement Fund lowered its stake in Ameren Corp (NYSE:AEE) by 0.8% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 425,900 shares of the utilities provider’s stock after selling 3,400 shares during the quarter. New York State Common Retirement Fund’s holdings in Ameren were worth $31,325,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. FormulaFolio Investments LLC acquired a new stake in Ameren in the 1st quarter valued at $256,000. Forsta AP Fonden grew its position in Ameren by 3.7% in the 1st quarter. Forsta AP Fonden now owns 130,599 shares of the utilities provider’s stock valued at $9,606,000 after purchasing an additional 4,700 shares during the period. Sumitomo Mitsui Trust Holdings Inc. grew its position in Ameren by 4.0% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,154,921 shares of the utilities provider’s stock valued at $84,944,000 after purchasing an additional 44,729 shares during the period. Smith Moore & CO. grew its position in Ameren by 1.7% in the 1st quarter. Smith Moore & CO. now owns 14,564 shares of the utilities provider’s stock valued at $1,071,000 after purchasing an additional 249 shares during the period. Finally, Oregon Public Employees Retirement Fund boosted its holdings in Ameren by 103.0% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 52,964 shares of the utilities provider’s stock worth $3,896,000 after acquiring an additional 26,875 shares during the last quarter. Institutional investors own 71.92% of the company’s stock.
A number of equities analysts have issued reports on AEE shares. Zacks Investment Research downgraded shares of Ameren from a “buy” rating to a “hold” rating in a report on Wednesday, March 6th. ValuEngine downgraded shares of Ameren from a “buy” rating to a “hold” rating in a report on Thursday, April 4th. Wells Fargo & Co lifted their price objective on shares of Ameren from $73.00 to $77.00 and gave the stock an “outperform” rating in a report on Monday, February 11th. Finally, Morgan Stanley lifted their price objective on shares of Ameren from $66.00 to $69.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 12th. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $69.67.
AEE opened at $75.38 on Monday. The company has a current ratio of 0.59, a quick ratio of 0.43 and a debt-to-equity ratio of 1.05. The firm has a market cap of $18.51 billion, a price-to-earnings ratio of 22.37, a PEG ratio of 3.70 and a beta of 0.27. Ameren Corp has a 1 year low of $55.21 and a 1 year high of $75.25.
Ameren (NYSE:AEE) last posted its quarterly earnings data on Thursday, May 9th. The utilities provider reported $0.78 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.70 by $0.08. The firm had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.62 billion. Ameren had a net margin of 13.65% and a return on equity of 11.22%. The business’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.62 EPS. On average, analysts expect that Ameren Corp will post 3.27 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Wednesday, June 12th will be paid a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a dividend yield of 2.52%. The ex-dividend date is Tuesday, June 11th. Ameren’s payout ratio is 56.38%.
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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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