Zeke Capital Advisors LLC lifted its stake in shares of Ameren Corp (NYSE:AEE) by 31.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,552 shares of the utilities provider’s stock after purchasing an additional 1,079 shares during the quarter. Zeke Capital Advisors LLC’s holdings in Ameren were worth $269,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in the stock. Millennium Management LLC increased its stake in Ameren by 554.0% in the 4th quarter. Millennium Management LLC now owns 1,978,972 shares of the utilities provider’s stock worth $116,740,000 after acquiring an additional 1,676,365 shares during the last quarter. Sciencast Management LP bought a new position in Ameren in the 4th quarter worth about $777,000. Meadow Creek Investment Management LLC increased its stake in Ameren by 35.9% in the 4th quarter. Meadow Creek Investment Management LLC now owns 140,998 shares of the utilities provider’s stock worth $8,317,000 after acquiring an additional 37,264 shares during the last quarter. Cornerstone Capital Management Holdings LLC. increased its stake in Ameren by 2.0% in the 4th quarter. Cornerstone Capital Management Holdings LLC. now owns 223,422 shares of the utilities provider’s stock worth $13,179,000 after acquiring an additional 4,447 shares during the last quarter. Finally, Paloma Partners Management Co increased its stake in Ameren by 819.5% in the 4th quarter. Paloma Partners Management Co now owns 51,494 shares of the utilities provider’s stock worth $3,038,000 after acquiring an additional 45,894 shares during the last quarter. Institutional investors own 69.76% of the company’s stock.
AEE has been the topic of a number of research analyst reports. ValuEngine lowered Ameren from a “buy” rating to a “hold” rating in a research note on Monday, December 4th. Zacks Investment Research upgraded Ameren from a “sell” rating to a “hold” rating in a research report on Tuesday, February 13th. UBS initiated coverage on Ameren in a research report on Friday, February 2nd. They set a “neutral” rating and a $57.00 price objective on the stock. Finally, Morgan Stanley set a $53.00 price objective on Ameren and gave the company a “sell” rating in a research report on Tuesday, February 13th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $56.20.
Shares of AEE stock traded up $0.17 during trading on Wednesday, hitting $55.30. The stock had a trading volume of 20,801 shares, compared to its average volume of 1,772,009. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.55 and a quick ratio of 0.37. The company has a market cap of $13,393.44, a price-to-earnings ratio of 19.44, a PEG ratio of 2.64 and a beta of 0.32. Ameren Corp has a 12-month low of $51.89 and a 12-month high of $64.89.
Ameren (NYSE:AEE) last announced its quarterly earnings data on Friday, February 16th. The utilities provider reported $0.39 EPS for the quarter, beating the consensus estimate of $0.34 by $0.05. The firm had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.60 billion. Ameren had a return on equity of 9.43% and a net margin of 8.47%. The company’s revenue was up 3.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.13 EPS. analysts expect that Ameren Corp will post 3.03 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Wednesday, March 14th will be issued a dividend of $0.4575 per share. This represents a $1.83 annualized dividend and a yield of 3.31%. The ex-dividend date is Tuesday, March 13th. Ameren’s dividend payout ratio is presently 85.12%.
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Ameren Corporation is a utility holding company. The Company’s subsidiaries include Ameren Missouri, Ameren Illinois and Ameren Transmission Company (ATXI). It operates through four segments. The Ameren Missouri segment includes all of the operations of Ameren Missouri. The Ameren Illinois Electric Distribution segment consists of the electric distribution business of Ameren Illinois.
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