Rothschild & Co. Asset Management US Inc. reduced its holdings in shares of Ameren Corp (NYSE:AEE) by 2.4% in the 1st quarter, HoldingsChannel reports. The fund owned 195,242 shares of the utilities provider’s stock after selling 4,885 shares during the quarter. Rothschild & Co. Asset Management US Inc.’s holdings in Ameren were worth $14,360,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in the company. Chartwell Investment Partners LLC raised its stake in Ameren by 327.0% during the 1st quarter. Chartwell Investment Partners LLC now owns 223,786 shares of the utilities provider’s stock valued at $16,459,000 after acquiring an additional 171,371 shares during the last quarter. MML Investors Services LLC raised its stake in Ameren by 129.0% during the 4th quarter. MML Investors Services LLC now owns 7,889 shares of the utilities provider’s stock valued at $515,000 after acquiring an additional 4,444 shares during the last quarter. Mondrian Investment Partners LTD purchased a new stake in Ameren during the 4th quarter valued at approximately $40,000. Quantamental Technologies LLC purchased a new stake in Ameren during the 4th quarter valued at approximately $333,000. Finally, Nuveen Asset Management LLC raised its stake in shares of Ameren by 188.5% during the 4th quarter. Nuveen Asset Management LLC now owns 582,164 shares of the utilities provider’s stock worth $37,975,000 after buying an additional 380,366 shares in the last quarter. 71.47% of the stock is owned by institutional investors and hedge funds.
AEE has been the subject of several research analyst reports. Zacks Investment Research downgraded Ameren from a “buy” rating to a “hold” rating in a research note on Wednesday, March 6th. ValuEngine downgraded Ameren from a “buy” rating to a “hold” rating in a research note on Thursday, April 4th. Wells Fargo & Co raised their price objective on Ameren from $73.00 to $77.00 and gave the company an “outperform” rating in a research note on Monday, February 11th. Finally, Morgan Stanley raised their price objective on Ameren from $66.00 to $69.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 12th. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Ameren currently has a consensus rating of “Hold” and an average target price of $69.67.
Shares of NYSE:AEE opened at $75.38 on Friday. The firm has a market cap of $18.51 billion, a price-to-earnings ratio of 22.37, a P/E/G ratio of 3.64 and a beta of 0.27. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.43 and a current ratio of 0.59. Ameren Corp has a one year low of $55.21 and a one year high of $75.25.
Ameren (NYSE:AEE) last announced its earnings results on Thursday, May 9th. The utilities provider reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.08. The firm had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.62 billion. Ameren had a return on equity of 11.22% and a net margin of 13.65%. Ameren’s quarterly revenue was down 1.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.62 EPS. As a group, equities research analysts forecast that Ameren Corp will post 3.27 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Wednesday, June 12th will be issued a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date is Tuesday, June 11th. Ameren’s dividend payout ratio (DPR) is presently 56.38%.
In other Ameren news, SVP Gregory L. Nelson sold 29,548 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $70.84, for a total transaction of $2,093,180.32. Following the sale, the senior vice president now owns 37,268 shares in the company, valued at approximately $2,640,065.12. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Fadi M. Diya sold 15,000 shares of the stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $71.18, for a total value of $1,067,700.00. Following the sale, the senior vice president now owns 62,572 shares in the company, valued at approximately $4,453,874.96. The disclosure for this sale can be found here. In the last quarter, insiders have sold 121,873 shares of company stock worth $8,639,431. 0.52% of the stock is owned by insiders.
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Ameren Company Profile
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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