SeaCrest Wealth Management LLC purchased a new stake in Ameren Co. (NYSE:AEE – Get Rating) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 500 shares of the utilities provider’s stock, valued at approximately $45,000.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in Ameren by 2.3% in the first quarter. Vanguard Group Inc. now owns 29,978,760 shares of the utilities provider’s stock valued at $2,810,808,000 after buying an additional 681,658 shares in the last quarter. State Street Corp increased its position in shares of Ameren by 8.0% during the first quarter. State Street Corp now owns 13,889,994 shares of the utilities provider’s stock worth $1,302,326,000 after purchasing an additional 1,029,187 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Ameren by 493.3% during the first quarter. JPMorgan Chase & Co. now owns 4,654,972 shares of the utilities provider’s stock worth $436,452,000 after purchasing an additional 3,870,393 shares in the last quarter. Invesco Ltd. increased its position in shares of Ameren by 6.2% during the first quarter. Invesco Ltd. now owns 2,597,846 shares of the utilities provider’s stock worth $243,575,000 after purchasing an additional 152,598 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in shares of Ameren by 46.5% during the first quarter. Massachusetts Financial Services Co. MA now owns 2,397,635 shares of the utilities provider’s stock worth $224,803,000 after purchasing an additional 761,460 shares in the last quarter. 77.98% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of analysts have recently commented on AEE shares. Guggenheim cut their target price on Ameren from $99.00 to $84.00 in a research report on Monday, October 24th. JPMorgan Chase & Co. cut their target price on Ameren from $111.00 to $93.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 18th. StockNews.com started coverage on Ameren in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. Wells Fargo & Company lowered their price target on Ameren from $104.00 to $93.00 and set an “overweight” rating on the stock in a report on Wednesday, October 19th. Finally, Mizuho raised their price target on Ameren from $92.00 to $98.00 and gave the stock a “neutral” rating in a report on Monday, September 12th. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $93.70.
Ameren Price Performance
Ameren (NYSE:AEE – Get Rating) last announced its quarterly earnings data on Friday, November 4th. The utilities provider reported $1.74 earnings per share for the quarter, beating analysts’ consensus estimates of $1.72 by $0.02. Ameren had a return on equity of 10.33% and a net margin of 13.90%. The company had revenue of $2.31 billion for the quarter, compared to analyst estimates of $1.89 billion. During the same quarter in the previous year, the company earned $1.65 EPS. The firm’s revenue for the quarter was up 27.3% compared to the same quarter last year. Research analysts anticipate that Ameren Co. will post 4.09 earnings per share for the current year.
Ameren Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, December 30th. Stockholders of record on Wednesday, December 7th will be paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 2.74%. The ex-dividend date is Tuesday, December 6th. Ameren’s dividend payout ratio (DPR) is 59.15%.
Ameren Company Profile
Ameren Corporation, together with its subsidiaries, 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.
- Get a free copy of the StockNews.com research report on Ameren (AEE)
- Is GameStop Stock Setting Up for Another Short Squeeze?
- Here’s Why SoFi Technologies Stock is Cheap at These Levels
- Warren Buffet Bought Taiwan Semiconductor Stock, Should You?
- MarketBeat: Week in Review 11/14 – 11/18
- Target’s Double Bottom Might Have Just Been Confirmed
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.