SG Americas Securities LLC grew its stake in Ameren Corp (NYSE:AEE) by 9.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 98,107 shares of the utilities provider’s stock after buying an additional 8,658 shares during the quarter. SG Americas Securities LLC’s holdings in Ameren were worth $7,853,000 at the end of the most recent reporting period.
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Other large investors also recently modified their holdings of the company. Northwest Investment Counselors LLC acquired a new position in shares of Ameren during the 3rd quarter worth approximately $31,000. SRS Capital Advisors Inc. bought a new stake in Ameren during the second quarter worth $57,000. Kavar Capital Partners LLC bought a new position in shares of Ameren in the 2nd quarter valued at about $84,000. Altshuler Shaham Ltd increased its stake in shares of Ameren by 102.2% during the 2nd quarter. Altshuler Shaham Ltd now owns 1,219 shares of the utilities provider’s stock worth $92,000 after purchasing an additional 616 shares during the last quarter. Finally, Bartlett & Co. LLC raised its holdings in shares of Ameren by 94.1% in the 3rd quarter. Bartlett & Co. LLC now owns 1,250 shares of the utilities provider’s stock valued at $100,000 after purchasing an additional 606 shares during the period. Institutional investors and hedge funds own 75.34% of the company’s stock.
Several analysts have issued reports on the company. UBS Group upgraded Ameren from a “neutral” rating to a “buy” rating and upped their price objective for the company from $83.00 to $86.00 in a research note on Tuesday, October 29th. ValuEngine downgraded shares of Ameren from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. SunTrust Banks lowered their price target on shares of Ameren from $84.00 to $81.00 and set a “hold” rating on the stock in a report on Wednesday, October 16th. Morgan Stanley upped their target price on Ameren from $78.00 to $82.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 25th. Finally, Bank of America raised Ameren from a “neutral” rating to a “buy” rating in a report on Tuesday, September 17th. They noted that the move was a valuation call. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $81.20.
Shares of Ameren stock opened at $73.68 on Tuesday. The company has a market cap of $18.29 billion, a PE ratio of 22.87, a price-to-earnings-growth ratio of 3.69 and a beta of 0.17. The company has a current ratio of 0.65, a quick ratio of 0.44 and a debt-to-equity ratio of 1.05. Ameren Corp has a 1-year low of $62.51 and a 1-year high of $80.85. The company has a 50 day moving average of $75.73 and a 200-day moving average of $76.28.
Ameren (NYSE:AEE) last issued its quarterly earnings data on Friday, November 8th. The utilities provider reported $1.47 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.46 by $0.01. Ameren had a net margin of 13.34% and a return on equity of 10.10%. The business had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.79 billion. During the same quarter in the prior year, the firm earned $1.50 EPS. The firm’s revenue was down 3.8% compared to the same quarter last year. Research analysts forecast that Ameren Corp will post 3.27 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Wednesday, December 11th will be given a dividend of $0.495 per share. The ex-dividend date is Tuesday, December 10th. This is an increase from Ameren’s previous quarterly dividend of $0.48. This represents a $1.98 annualized dividend and a yield of 2.69%. Ameren’s dividend payout ratio (DPR) is currently 56.38%.
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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