Trading Report: The Ameren Corp. (AEE) Stake Increased by LS Investment Advisors LLC

The Ameren Corp. (AEE) Stake Increased by LS Investment Advisors LLC

LS Investment Advisors LLC boosted its stake in shares of Ameren Corp. (NYSE:AEE) by 8.0% during the second quarter, Holdings Channel reports. The institutional investor owned 36,255 shares of the company’s stock after buying an additional 2,693 shares during the period. LS Investment Advisors LLC’s holdings in Ameren Corp. were worth $1,943,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in AEE. Acropolis Investment Management LLC raised its stake in shares of Ameren Corp. by 0.5% in the second quarter. Acropolis Investment Management LLC now owns 2,361 shares of the company’s stock valued at $126,000 after buying an additional 12 shares in the last quarter. CIBC World Markets Inc. purchased a new stake in shares of Ameren Corp. during the first quarter valued at $202,000. V Wealth Management LLC purchased a new stake in shares of Ameren Corp. during the second quarter valued at $210,000. Advisor Partners LLC purchased a new stake in shares of Ameren Corp. during the first quarter valued at $214,000. Finally, Banced Corp purchased a new stake in shares of Ameren Corp. during the second quarter valued at $236,000. 67.56% of the stock is owned by hedge funds and other institutional investors.

Ameren Corp. (NYSE:AEE) traded down 0.34% during trading on Friday, hitting $47.43. The stock had a trading volume of 1,472,373 shares. The stock has a 50-day moving average price of $49.56 and a 200-day moving average price of $49.98. The company has a market cap of $11.51 billion, a PE ratio of 18.49 and a beta of 0.37. Ameren Corp. has a 52 week low of $41.33 and a 52 week high of $54.08.

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

The company also recently declared a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Thursday, September 8th were issued a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a yield of 3.58%. The ex-dividend date of this dividend was Tuesday, September 6th. Ameren Corp.’s dividend payout ratio (DPR) is 66.15%.

Several brokerages recently weighed in on AEE. Zacks Investment Research raised Ameren Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, August 9th. Barclays PLC reissued a “buy” rating and issued a $55.00 price objective on shares of Ameren Corp. in a report on Wednesday, July 6th.

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

Ameren Corp. Company Profile

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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