Panagora Asset Management Inc. trimmed its position in shares of Ameren Corp (NYSE:AEE) by 68.0% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 66,641 shares of the utilities provider’s stock after selling 141,451 shares during the quarter. Panagora Asset Management Inc.’s holdings in Ameren were worth $5,005,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Livforsakringsbolaget Skandia Omsesidigt raised its holdings in shares of Ameren by 45.9% during the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 3,181 shares of the utilities provider’s stock valued at $239,000 after buying an additional 1,000 shares in the last quarter. C M Bidwell & Associates Ltd. raised its holdings in shares of Ameren by 173.4% during the 2nd quarter. C M Bidwell & Associates Ltd. now owns 3,650 shares of the utilities provider’s stock valued at $274,000 after buying an additional 2,315 shares in the last quarter. Commonwealth Equity Services LLC raised its holdings in shares of Ameren by 4.8% during the 2nd quarter. Commonwealth Equity Services LLC now owns 76,659 shares of the utilities provider’s stock valued at $5,757,000 after buying an additional 3,524 shares in the last quarter. AJO LP raised its holdings in shares of Ameren by 19.9% during the 1st quarter. AJO LP now owns 406,315 shares of the utilities provider’s stock valued at $29,884,000 after buying an additional 67,510 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its holdings in shares of Ameren by 11.4% during the 1st quarter. Janney Montgomery Scott LLC now owns 7,965 shares of the utilities provider’s stock valued at $586,000 after buying an additional 813 shares in the last quarter. 70.29% of the stock is currently owned by institutional investors.
A number of brokerages recently weighed in on AEE. Argus raised Ameren from a “hold” rating to a “buy” rating in a report on Thursday, July 25th. Morgan Stanley decreased their price target on Ameren from $79.00 to $78.00 and set an “equal weight” rating on the stock in a research note on Friday, August 16th. KeyCorp assumed coverage on Ameren in a research note on Tuesday, June 4th. They issued a “sector weight” rating on the stock. Finally, ValuEngine raised Ameren from a “hold” rating to a “buy” rating in a research note on Monday, May 13th. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $71.40.
Ameren stock traded down $0.48 during trading hours on Friday, reaching $76.66. The company had a trading volume of 25,138 shares, compared to its average volume of 1,879,150. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.55 and a quick ratio of 0.39. The company has a 50-day moving average price of $76.42 and a 200 day moving average price of $74.30. The firm has a market cap of $19.29 billion, a price-to-earnings ratio of 22.86, a P/E/G ratio of 3.76 and a beta of 0.23. Ameren Corp has a 12-month low of $62.06 and a 12-month high of $78.88.
Ameren (NYSE:AEE) last announced its quarterly earnings results on Friday, August 2nd. The utilities provider reported $0.72 EPS for the quarter, missing the Zacks’ consensus estimate of $0.75 by ($0.03). The company had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.43 billion. Ameren had a return on equity of 10.31% and a net margin of 13.08%. During the same period last year, the firm earned $0.97 earnings per share. As a group, 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. Stockholders of record on Wednesday, September 11th will be given 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 2.48%. Ameren’s dividend payout ratio is currently 56.38%.
Ameren Company 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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