Trade Report: The LMR Partners LLP Cuts Stake in Ameren Corp. (AEE)

The LMR Partners LLP Cuts Stake in Ameren Corp. (AEE)

LMR Partners LLP decreased its position in Ameren Corp. (NYSE:AEE) by 81.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,070 shares of the company’s stock after selling 21,736 shares during the period. LMR Partners LLP’s holdings in Ameren Corp. were worth $271,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of AEE. CIBC World Markets Inc. purchased a new stake in Ameren Corp. during the first quarter worth $202,000. Ngam Advisors L.P. increased its stake in Ameren Corp. by 20.8% in the first quarter. Ngam Advisors L.P. now owns 15,114 shares of the company’s stock worth $757,000 after buying an additional 2,607 shares during the period. Prudential Financial Inc. increased its stake in Ameren Corp. by 0.7% in the first quarter. Prudential Financial Inc. now owns 330,804 shares of the company’s stock worth $16,573,000 after buying an additional 2,400 shares during the period. BlackRock Institutional Trust Company N.A. increased its stake in Ameren Corp. by 1.5% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 6,316,585 shares of the company’s stock worth $316,461,000 after buying an additional 90,791 shares during the period. Finally, Sentry Investment Management LLC increased its stake in Ameren Corp. by 2.1% in the first quarter. Sentry Investment Management LLC now owns 18,227 shares of the company’s stock worth $913,000 after buying an additional 372 shares during the period. 67.56% of the stock is owned by institutional investors.

Shares of Ameren Corp. (NYSE:AEE) traded down 0.02% on Friday, hitting $48.03. The stock had a trading volume of 1,658,210 shares. The stock has a market capitalization of $11.65 billion, a PE ratio of 18.73 and a beta of 0.37. Ameren Corp. has a one year low of $41.33 and a one year high of $54.08. The firm’s 50 day moving average is $49.16 and its 200-day moving average is $49.92.

Ameren Corp. (NYSE:AEE) last announced its quarterly earnings data on Friday, August 5th. The company reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.09. Ameren Corp. had a return on equity of 8.83% and a net margin of 10.40%. The business earned $1.43 billion during the quarter, compared to analysts’ expectations of $1.45 billion. During the same period in the previous year, the firm earned $0.58 earnings per share. The firm’s quarterly revenue was up 1.9% compared to the same quarter last year. Equities research analysts expect that Ameren Corp. will post $2.54 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 30th. Investors of record on Wednesday, December 7th will be paid a dividend of $0.44 per share. This is a boost from Ameren Corp.’s previous quarterly dividend of $0.43. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.66%. Ameren Corp.’s payout ratio is 66.15%.

A number of equities research analysts have recently weighed in on AEE shares. Barclays PLC reaffirmed a “buy” rating and set a $55.00 price target on shares of Ameren Corp. in a research note on Wednesday, July 6th. Zacks Investment Research downgraded Ameren Corp. from a “hold” rating to a “sell” rating in a research note on Friday, July 8th.

In other Ameren Corp. news, SVP Bruce A. Steinke sold 3,000 shares of the business’s stock in a transaction dated Thursday, August 11th. The stock was sold at an average price of $50.82, for a total value of $152,460.00. Following the completion of the transaction, the senior vice president now directly owns 24,660 shares of the company’s stock, valued at $1,253,221.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Walter J. Galvin sold 36,989 shares of the business’s stock in a transaction dated Wednesday, September 7th. The shares were sold at an average price of $49.94, for a total value of $1,847,230.66. The disclosure for this sale can be found here. Corporate insiders own 0.38% of the company’s stock.

About Ameren Corp.

Ameren Corporation (Ameren) is a public utility holding company. Ameren’s primary assets are its equity interests in its subsidiaries, including Union Electric Company (doing business as Ameren Missouri) and Ameren Illinois Company (Ameren Illinois). Ameren operates through two segments: Ameren Missouri and Ameren Illinois.

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