Keybank National Association OH cut its stake in shares of Ameren Corp (NYSE:AEE) by 3.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 359,501 shares of the utilities provider’s stock after selling 11,496 shares during the quarter. Keybank National Association OH owned 0.15% of Ameren worth $27,002,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently made changes to their positions in the company. Livforsakringsbolaget Skandia Omsesidigt lifted its position in Ameren by 45.9% during the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 3,181 shares of the utilities provider’s stock valued at $239,000 after purchasing an additional 1,000 shares during the last quarter. Commonwealth Equity Services LLC lifted its position in Ameren by 4.8% during the second quarter. Commonwealth Equity Services LLC now owns 76,659 shares of the utilities provider’s stock valued at $5,757,000 after purchasing an additional 3,524 shares during the last quarter. AJO LP lifted its position in Ameren by 19.9% during the first quarter. AJO LP now owns 406,315 shares of the utilities provider’s stock valued at $29,884,000 after purchasing an additional 67,510 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in Ameren by 11.4% during the first quarter. Janney Montgomery Scott LLC now owns 7,965 shares of the utilities provider’s stock valued at $586,000 after purchasing an additional 813 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in Ameren by 7.3% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 14,302 shares of the utilities provider’s stock valued at $1,052,000 after purchasing an additional 975 shares during the last quarter. Institutional investors and hedge funds own 71.56% of the company’s stock.
Shares of AEE traded down $0.66 during mid-day trading on Wednesday, reaching $75.85. The company’s stock had a trading volume of 37,444 shares, compared to its average volume of 1,365,165. The firm has a market capitalization of $18.85 billion, a PE ratio of 22.72, a PEG ratio of 3.61 and a beta of 0.24. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.39 and a current ratio of 0.55. Ameren Corp has a 52 week low of $62.06 and a 52 week high of $77.77. The stock’s fifty day moving average price is $76.13.
Ameren (NYSE:AEE) last announced its quarterly earnings data on Friday, August 2nd. The utilities provider reported $0.72 earnings per share for the quarter, missing the Zacks’ consensus estimate 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 return on equity of 10.31% and a net margin of 13.08%. During the same quarter in the previous year, the firm posted $0.97 earnings per share. As a group, sell-side analysts expect that Ameren Corp will post 3.26 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders 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 dividend yield of 2.50%. Ameren’s payout ratio is 56.38%.
In related news, SVP Mary P. Heger sold 3,000 shares of Ameren stock in a transaction 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 filing with the SEC, which is available through this hyperlink. Also, insider Shawn E. Schukar sold 1,200 shares of Ameren stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $75.27, for a total transaction of $90,324.00. The disclosure for this sale can be found here. Insiders own 0.52% of the company’s stock.
Several equities research analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Ameren from a “sell” rating to a “hold” rating in a research report on Monday, May 6th. Argus upgraded shares of Ameren from a “hold” rating to a “buy” rating in a report on Thursday, July 25th. ValuEngine upgraded shares of Ameren from a “hold” rating to a “buy” rating in a report on Monday, May 13th. Finally, KeyCorp started coverage on shares of Ameren in a report on Tuesday, June 4th. They issued a “sector weight” rating for the company. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Ameren has an average rating of “Hold” and an average price target of $70.40.
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.
Featured Article: What is Depreciation?
Receive News & Ratings for Ameren Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ameren and related companies with MarketBeat.com's FREE daily email newsletter.