State Board of Administration of Florida Retirement System Purchases 8,880 Shares of Ameren Corp (NYSE:AEE)

State Board of Administration of Florida Retirement System increased its position in shares of Ameren Corp (NYSE:AEE) by 2.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 383,456 shares of the utilities provider’s stock after purchasing an additional 8,880 shares during the quarter. State Board of Administration of Florida Retirement System owned 0.16% of Ameren worth $28,801,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AEE. 6 Meridian lifted its holdings in shares of Ameren by 2.0% in the second quarter. 6 Meridian now owns 7,241 shares of the utilities provider’s stock worth $544,000 after acquiring an additional 139 shares during the last quarter. Roman Butler Fullerton & Co. lifted its holdings in shares of Ameren by 1.1% in the second quarter. Roman Butler Fullerton & Co. now owns 14,709 shares of the utilities provider’s stock worth $1,105,000 after acquiring an additional 161 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in shares of Ameren by 3.7% in the first quarter. Steward Partners Investment Advisory LLC now owns 4,607 shares of the utilities provider’s stock worth $338,000 after acquiring an additional 165 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Ameren by 0.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 49,920 shares of the utilities provider’s stock worth $3,749,000 after acquiring an additional 176 shares during the last quarter. Finally, Cornerstone Advisors Inc. lifted its holdings in shares of Ameren by 104.9% in the first quarter. Cornerstone Advisors Inc. now owns 373 shares of the utilities provider’s stock worth $27,000 after acquiring an additional 191 shares during the last quarter. 70.29% of the stock is owned by institutional investors and hedge funds.

A number of research analysts have recently commented on the stock. Morgan Stanley dropped their target price on shares of Ameren from $79.00 to $78.00 and set an “equal weight” rating for the company in a report on Friday, August 16th. ValuEngine raised shares of Ameren from a “hold” rating to a “buy” rating in a report on Monday, May 13th. KeyCorp assumed coverage on shares of Ameren in a report on Tuesday, June 4th. They issued a “sector weight” rating for the company. Zacks Investment Research raised shares of Ameren from a “sell” rating to a “hold” rating in a report on Monday, May 6th. Finally, Argus raised shares of Ameren from a “hold” rating to a “buy” rating in a report on Thursday, July 25th. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $71.40.

NYSE AEE traded up $0.18 during trading hours on Friday, reaching $77.00. The company’s stock had a trading volume of 1,572 shares, compared to its average volume of 2,094,155. The firm has a fifty day simple moving average of $76.34 and a 200-day simple moving average of $73.82. The stock has a market cap of $18.84 billion, a P/E ratio of 22.78, a P/E/G ratio of 3.62 and a beta of 0.24. Ameren Corp has a 52 week low of $62.06 and a 52 week high of $77.77. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.55 and a quick ratio of 0.39.

Ameren (NYSE:AEE) last issued its quarterly earnings data on Friday, August 2nd. The utilities provider reported $0.72 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.03). The business had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.43 billion. Ameren had a net margin of 13.08% and a return on equity of 10.31%. During the same quarter last year, the business earned $0.97 EPS. On average, research analysts expect that Ameren Corp will post 3.26 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Wednesday, September 11th will be issued a $0.475 dividend. The ex-dividend date is Tuesday, September 10th. This represents a $1.90 dividend on an annualized basis and a yield of 2.47%. Ameren’s dividend payout ratio (DPR) is presently 56.38%.

In related news, SVP Mary P. Heger sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $76.02, for a total value of $228,060.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.52% of the stock is owned by company insiders.

Ameren 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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