Crumly & Associates Inc. acquired a new position in shares of Ameren Corporation (NYSE:AEE - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 2,995 shares of the utilities provider's stock, valued at approximately $301,000.
Other large investors have also modified their holdings of the company. Synergy Investment Management LLC purchased a new position in shares of Ameren during the 4th quarter worth about $25,000. Quarry LP purchased a new position in shares of Ameren during the 4th quarter worth about $31,000. ORG Partners LLC lifted its holdings in shares of Ameren by 74.5% during the 1st quarter. ORG Partners LLC now owns 349 shares of the utilities provider's stock worth $35,000 after acquiring an additional 149 shares during the period. Lee Danner & Bass Inc. purchased a new position in shares of Ameren during the 4th quarter worth about $38,000. Finally, Optiver Holding B.V. lifted its holdings in shares of Ameren by 78.7% during the 4th quarter. Optiver Holding B.V. now owns 470 shares of the utilities provider's stock worth $42,000 after acquiring an additional 207 shares during the period. 79.09% of the stock is currently owned by hedge funds and other institutional investors.
Ameren Stock Up 0.2%
Shares of NYSE:AEE opened at $94.57 on Friday. The company has a quick ratio of 0.62, a current ratio of 0.86 and a debt-to-equity ratio of 1.49. Ameren Corporation has a 52-week low of $69.39 and a 52-week high of $104.10. The company has a 50 day moving average of $97.08 and a two-hundred day moving average of $95.70. The company has a market capitalization of $25.56 billion, a price-to-earnings ratio of 20.97, a price-to-earnings-growth ratio of 2.76 and a beta of 0.49.
Ameren (NYSE:AEE - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The utilities provider reported $1.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.08 by ($0.01). Ameren had a net margin of 15.31% and a return on equity of 10.40%. The firm had revenue of $2.10 billion during the quarter, compared to analyst estimates of $1.92 billion. During the same period last year, the business earned $0.98 EPS. The firm's revenue was up 15.5% compared to the same quarter last year. As a group, analysts forecast that Ameren Corporation will post 4.93 earnings per share for the current fiscal year.
Ameren Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th will be given a $0.71 dividend. This represents a $2.84 annualized dividend and a yield of 3.00%. The ex-dividend date of this dividend is Tuesday, June 10th. Ameren's dividend payout ratio (DPR) is 62.97%.
Wall Street Analyst Weigh In
AEE has been the topic of several recent analyst reports. Barclays increased their price objective on shares of Ameren from $101.00 to $104.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 6th. BMO Capital Markets increased their target price on shares of Ameren from $106.00 to $108.00 and gave the stock an "outperform" rating in a research report on Monday, May 5th. Morgan Stanley dropped their target price on shares of Ameren from $102.00 to $100.00 and set an "equal weight" rating for the company in a research report on Wednesday. UBS Group reissued a "buy" rating and set a $114.00 target price (up previously from $113.00) on shares of Ameren in a research report on Monday, June 2nd. Finally, Wells Fargo & Company increased their target price on shares of Ameren from $108.00 to $112.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 14th. Four analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $101.80.
Read Our Latest Analysis on Ameren
Ameren Company Profile
(
Free Report)
Ameren Corporation, together with its subsidiaries, operates as a public utility holding company in the United States. The company operates through four segments: Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, and Ameren Transmission. It engages in the rate-regulated electric generation, transmission, and distribution activities; and rate-regulated natural gas distribution business.
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