Teza Capital Management LLC acquired a new position in Ameren Corp (NYSE:AEE) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 18,071 shares of the utilities provider’s stock, valued at approximately $1,023,000.
Other hedge funds have also recently bought and sold shares of the company. Delpha Capital Management LLC acquired a new stake in Ameren in the 4th quarter worth about $106,000. Dupont Capital Management Corp boosted its holdings in Ameren by 216.8% in the 1st quarter. Dupont Capital Management Corp now owns 2,335 shares of the utilities provider’s stock worth $132,000 after buying an additional 1,598 shares during the last quarter. Signaturefd LLC acquired a new stake in Ameren in the 1st quarter worth about $133,000. Focused Wealth Management Inc acquired a new stake in Ameren in the 4th quarter worth about $165,000. Finally, Cetera Investment Advisers acquired a new stake in Ameren in the 4th quarter worth about $200,000. Institutional investors own 69.57% of the company’s stock.
Shares of Ameren opened at $58.68 on Friday, according to Marketbeat. The company has a market capitalization of $14.26 billion, a price-to-earnings ratio of 20.73, a PEG ratio of 2.94 and a beta of 0.27. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.33 and a current ratio of 0.47. Ameren Corp has a 52-week low of $51.89 and a 52-week high of $64.89.
Ameren (NYSE:AEE) last announced its earnings results on Wednesday, May 9th. The utilities provider reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.04. The company had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.55 billion. Ameren had a return on equity of 10.04% and a net margin of 9.15%. The firm’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.42 earnings per share. analysts predict that Ameren Corp will post 3.04 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 29th. Shareholders of record on Wednesday, June 13th will be paid a $0.4575 dividend. The ex-dividend date is Tuesday, June 12th. This represents a $1.83 annualized dividend and a dividend yield of 3.12%. Ameren’s dividend payout ratio (DPR) is 64.66%.
In other Ameren news, SVP Mark C. Birk sold 3,500 shares of the business’s stock in a transaction on Thursday, June 14th. The shares were sold at an average price of $56.21, for a total value of $196,735.00. Following the completion of the transaction, the senior vice president now owns 51,250 shares in the company, valued at $2,880,762.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Mark C. Lindgren sold 5,500 shares of the business’s stock in a transaction on Thursday, May 24th. The stock was sold at an average price of $58.68, for a total transaction of $322,740.00. Following the completion of the transaction, the senior vice president now owns 24,275 shares of the company’s stock, valued at approximately $1,424,457. The disclosure for this sale can be found here. In the last 90 days, insiders sold 12,000 shares of company stock valued at $689,455. Insiders own 0.44% of the company’s stock.
AEE has been the topic of several research analyst reports. UBS Group upgraded Ameren from a “neutral” rating to a “buy” rating and set a $63.00 price objective on the stock in a report on Monday, April 2nd. Gabelli started coverage on Ameren in a report on Tuesday, March 27th. They set a “buy” rating and a $66.00 target price on the stock. Zacks Investment Research upgraded Ameren from a “hold” rating to a “buy” rating and set a $63.00 target price on the stock in a report on Thursday, May 17th. Morgan Stanley lowered their target price on Ameren from $61.00 to $57.00 and set an “equal weight” rating on the stock in a report on Wednesday, June 13th. Finally, Goldman Sachs Group restated a “neutral” rating on shares of Ameren in a report on Friday, June 1st. Five analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $62.50.
Ameren Corporation operates as a public utility holding company in the United States. It operates through four segments: Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, and Ameren Transmission. The company engages in the rate-regulated electric generation, transmission, and distribution activities; and rate-regulated natural gas distribution and transmission businesses.
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