Ameren Corporation (AEE) Position Increased by Magellan Asset Management Ltd

Magellan Asset Management Ltd boosted its position in shares of Ameren Corporation (NYSE:AEE) by 7.9% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 162,317 shares of the utilities provider’s stock after purchasing an additional 11,849 shares during the quarter. Magellan Asset Management Ltd owned about 0.07% of Ameren Corporation worth $8,874,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in AEE. Acadian Asset Management LLC purchased a new stake in Ameren Corporation during the 1st quarter valued at about $432,000. UBS Asset Management Americas Inc. boosted its holdings in shares of Ameren Corporation by 5.9% during the 1st quarter. UBS Asset Management Americas Inc. now owns 861,302 shares of the utilities provider’s stock valued at $47,018,000 after acquiring an additional 47,896 shares during the last quarter. Karp Capital Management Corp purchased a new stake in shares of Ameren Corporation during the 1st quarter valued at about $4,214,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of Ameren Corporation by 29.4% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 17,998 shares of the utilities provider’s stock valued at $983,000 after acquiring an additional 4,089 shares during the last quarter. Finally, Toronto Dominion Bank boosted its holdings in shares of Ameren Corporation by 38.7% during the 1st quarter. Toronto Dominion Bank now owns 65,477 shares of the utilities provider’s stock valued at $3,574,000 after acquiring an additional 18,267 shares during the last quarter. 69.82% of the stock is currently owned by institutional investors.

A number of analysts have recently issued reports on the stock. BidaskClub raised shares of Ameren Corporation from a “hold” rating to a “buy” rating in a report on Friday, August 11th. Morgan Stanley raised their price target on shares of Ameren Corporation from $56.00 to $57.00 and gave the company an “overweight” rating in a report on Thursday, August 10th. Barclays PLC downgraded shares of Ameren Corporation from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $60.00 to $58.00 in a report on Thursday, May 25th. Zacks Investment Research downgraded shares of Ameren Corporation from a “buy” rating to a “hold” rating in a report on Monday, September 11th. Finally, Goldman Sachs Group, Inc. (The) downgraded shares of Ameren Corporation from a “neutral” rating to a “sell” rating and set a $51.00 price target on the stock. in a report on Monday, June 26th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a strong buy rating to the company’s stock. Ameren Corporation presently has a consensus rating of “Hold” and an average target price of $55.20.

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Shares of Ameren Corporation (NYSE AEE) traded up 0.42% during mid-day trading on Friday, hitting $59.81. 2,251,573 shares of the stock were exchanged. Ameren Corporation has a 12 month low of $46.84 and a 12 month high of $60.91. The stock has a market cap of $14.51 billion, a PE ratio of 20.93 and a beta of 0.37. The stock’s 50 day moving average is $58.99 and its 200-day moving average is $56.21.

Ameren Corporation (NYSE:AEE) last issued its quarterly earnings results on Friday, August 4th. The utilities provider reported $0.79 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.69 by $0.10. Ameren Corporation had a return on equity of 9.57% and a net margin of 11.11%. The business had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same quarter in the previous year, the firm earned $0.61 earnings per share. The company’s revenue was up 7.8% on a year-over-year basis. On average, analysts anticipate that Ameren Corporation will post $2.80 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Wednesday, September 13th will be paid a dividend of $0.44 per share. The ex-dividend date of this dividend is Tuesday, September 12th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.94%. Ameren Corporation’s payout ratio is 61.54%.

About Ameren Corporation

Ameren Corporation is a utility holding company. The Company’s subsidiaries include Ameren Missouri, Ameren Illinois and Ameren Transmission Company (ATXI). It operates through four segments. The Ameren Missouri segment includes all of the operations of Ameren Missouri. The Ameren Illinois Electric Distribution segment consists of the electric distribution business of Ameren Illinois.

Institutional Ownership by Quarter for Ameren Corporation (NYSE:AEE)

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