NBC Securities Inc. boosted its stake in Ameren Co. (NYSE:AEE - Free Report) by 146,250.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,927 shares of the utilities provider's stock after acquiring an additional 2,925 shares during the quarter. NBC Securities Inc.'s holdings in Ameren were worth $293,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Synergy Investment Management LLC bought a new position in shares of Ameren during the fourth quarter worth about $25,000. Roxbury Financial LLC bought a new position in shares of Ameren during the 4th quarter worth approximately $27,000. Quarry LP bought a new position in shares of Ameren during the 4th quarter worth approximately $31,000. Lee Danner & Bass Inc. acquired a new stake in shares of Ameren in the fourth quarter valued at approximately $38,000. Finally, Optiver Holding B.V. lifted its position in shares of Ameren by 78.7% in the fourth quarter. Optiver Holding B.V. now owns 470 shares of the utilities provider's stock worth $42,000 after purchasing an additional 207 shares in the last quarter. 79.09% of the stock is owned by institutional investors and hedge funds.
Ameren Stock Performance
Shares of AEE traded down $0.31 during trading hours on Tuesday, hitting $95.62. The company had a trading volume of 1,732,363 shares, compared to its average volume of 1,572,087. The business has a fifty day moving average of $97.19 and a 200-day moving average of $95.62. The company has a quick ratio of 0.44, a current ratio of 0.66 and a debt-to-equity ratio of 1.41. The firm has a market cap of $25.84 billion, a price-to-earnings ratio of 21.63, a PEG ratio of 2.97 and a beta of 0.49. Ameren Co. has a 12 month low of $69.39 and a 12 month high of $104.10.
Ameren (NYSE:AEE - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The utilities provider reported $1.07 earnings per share for the quarter, missing the consensus estimate of $1.08 by ($0.01). Ameren had a net margin of 15.51% and a return on equity of 10.34%. The company had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $1.92 billion. During the same period in the prior year, the company earned $0.98 earnings per share. The firm's revenue was up 15.5% compared to the same quarter last year. Equities analysts anticipate that Ameren Co. will post 4.93 EPS 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 issued a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a yield of 2.97%. The ex-dividend date of this dividend is Tuesday, June 10th. Ameren's dividend payout ratio is 62.97%.
Wall Street Analyst Weigh In
A number of research analysts recently weighed in on the stock. Barclays raised their target price on shares of Ameren from $101.00 to $104.00 and gave the company an "equal weight" rating in a research report on Tuesday, May 6th. UBS Group reaffirmed a "buy" rating and issued a $114.00 target price (up previously from $113.00) on shares of Ameren in a research report on Monday, June 2nd. BMO Capital Markets increased their price target on Ameren from $106.00 to $108.00 and gave the company an "outperform" rating in a research report on Monday, May 5th. Morgan Stanley set a $102.00 price objective on Ameren and gave the stock an "equal weight" rating in a research note on Thursday, May 22nd. Finally, KeyCorp raised shares of Ameren from a "sector weight" rating to an "overweight" rating and set a $103.00 target price for the company in a research note on Wednesday, May 14th. Four investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $102.00.
Check Out Our Latest Analysis on AEE
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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