Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of Ameren Corporation (NYSE:AEE - Free Report) by 15.9% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 36,504 shares of the utilities provider's stock after buying an additional 5,015 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Ameren were worth $3,665,000 as of its most recent filing with the SEC.
Several other hedge funds have also modified their holdings of the stock. Price T Rowe Associates Inc. MD raised its holdings in shares of Ameren by 1.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 27,048,729 shares of the utilities provider's stock valued at $2,411,125,000 after buying an additional 392,170 shares during the period. T. Rowe Price Investment Management Inc. raised its holdings in shares of Ameren by 16.7% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 17,038,754 shares of the utilities provider's stock valued at $1,518,835,000 after buying an additional 2,439,811 shares during the period. Geode Capital Management LLC raised its holdings in shares of Ameren by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 6,749,446 shares of the utilities provider's stock valued at $600,157,000 after buying an additional 77,282 shares during the period. FMR LLC raised its holdings in shares of Ameren by 96.5% during the 4th quarter. FMR LLC now owns 5,170,709 shares of the utilities provider's stock valued at $460,917,000 after buying an additional 2,539,129 shares during the period. Finally, Janus Henderson Group PLC raised its holdings in shares of Ameren by 0.9% during the 4th quarter. Janus Henderson Group PLC now owns 4,601,449 shares of the utilities provider's stock valued at $410,174,000 after buying an additional 39,455 shares during the period. 79.09% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several brokerages recently commented on AEE. UBS Group reiterated a "buy" rating and set a $114.00 target price (up from $113.00) on shares of Ameren in a report on Monday, June 2nd. KeyCorp upgraded Ameren from a "sector weight" rating to an "overweight" rating and set a $103.00 price objective for the company in a research note on Wednesday, May 14th. The Goldman Sachs Group upgraded Ameren from a "sell" rating to a "neutral" rating and raised their price objective for the company from $91.00 to $100.00 in a research note on Wednesday, June 25th. Wells Fargo & Company raised their price objective on Ameren from $108.00 to $112.00 and gave the company an "overweight" rating in a research note on Wednesday, May 14th. Finally, BMO Capital Markets raised their price objective on Ameren from $106.00 to $108.00 and gave the company an "outperform" rating in a research note on Monday, May 5th. Five 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 company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $101.64.
Get Our Latest Stock Analysis on AEE
Ameren Price Performance
Shares of AEE opened at $94.86 on Friday. The firm has a market cap of $25.64 billion, a price-to-earnings ratio of 21.03, a PEG ratio of 2.79 and a beta of 0.48. The stock has a 50 day moving average of $96.59 and a 200-day moving average of $95.98. The company has a current ratio of 0.86, a quick ratio of 0.62 and a debt-to-equity ratio of 1.49. Ameren Corporation has a 52 week low of $70.15 and a 52 week high of $104.10.
Ameren (NYSE:AEE - Get Free Report) last issued its earnings results on Thursday, May 1st. The utilities provider reported $1.07 EPS for the quarter, missing the consensus estimate of $1.08 by ($0.01). The firm had revenue of $2.10 billion during the quarter, compared to analyst estimates of $1.92 billion. Ameren had a return on equity of 10.40% and a net margin of 15.31%. Ameren's revenue was up 15.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.98 EPS. As a group, analysts forecast that Ameren Corporation will post 4.93 EPS for the current year.
Ameren Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Tuesday, June 10th were given a dividend of $0.71 per share. The ex-dividend date was Tuesday, June 10th. This represents a $2.84 dividend on an annualized basis and a yield of 2.99%. Ameren's dividend payout ratio is currently 62.97%.
About Ameren
(
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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