State Treasurer State of Michigan increased its position in Ameren Corp. (NYSE:AEE) by 0.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 84,682 shares of the company’s stock after buying an additional 400 shares during the period. State Treasurer State of Michigan’s holdings in Ameren Corp. were worth $4,165,000 as of its most recent filing with the SEC.
Several other hedge funds also recently modified their holdings of AEE. Bank of Montreal Can bought a new stake in shares of Ameren Corp. during the second quarter worth about $192,842,000. Brookfield Asset Management Inc. increased its stake in shares of Ameren Corp. by 20,072.2% in the second quarter. Brookfield Asset Management Inc. now owns 1,452,400 shares of the company’s stock worth $77,820,000 after buying an additional 1,445,200 shares during the period. Janus Capital Management LLC increased its stake in shares of Ameren Corp. by 214.8% in the second quarter. Janus Capital Management LLC now owns 1,763,714 shares of the company’s stock worth $94,500,000 after buying an additional 1,203,453 shares during the period. AQR Capital Management LLC increased its stake in shares of Ameren Corp. by 45.1% in the second quarter. AQR Capital Management LLC now owns 3,679,800 shares of the company’s stock worth $197,164,000 after buying an additional 1,143,337 shares during the period. Finally, American Century Companies Inc. increased its stake in shares of Ameren Corp. by 33.6% in the second quarter. American Century Companies Inc. now owns 2,672,261 shares of the company’s stock worth $143,180,000 after buying an additional 672,351 shares during the period. 66.61% of the stock is owned by institutional investors and hedge funds.
Ameren Corp. (NYSE:AEE) traded up 2.18% during trading on Monday, hitting $51.08. The stock had a trading volume of 1,825,358 shares. The stock’s 50-day moving average is $48.76 and its 200 day moving average is $50.02. Ameren Corp. has a one year low of $41.33 and a one year high of $54.08. The firm has a market cap of $12.39 billion, a price-to-earnings ratio of 19.10 and a beta of 0.31.
Ameren Corp. (NYSE:AEE) last posted its earnings results on Friday, November 4th. The company reported $1.52 EPS for the quarter, topping the Zacks’ consensus estimate of $1.38 by $0.14. The company had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.91 billion. Ameren Corp. had a return on equity of 9.14% and a net margin of 10.78%. Ameren Corp.’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.41 earnings per share. Equities analysts anticipate that Ameren Corp. will post $2.64 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 30th. Shareholders of record on Wednesday, December 7th will be given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 3.52%. This is an increase from Ameren Corp.’s previous quarterly dividend of $0.43. The ex-dividend date is Monday, December 5th. Ameren Corp.’s payout ratio is presently 63.43%.
AEE has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Ameren Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, August 9th. Argus reiterated a “hold” rating on shares of Ameren Corp. in a report on Tuesday, October 18th.
In other Ameren Corp. news, Director Walter J. Galvin sold 36,989 shares of the business’s stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of $49.94, for a total transaction of $1,847,230.66. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company 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.