Schwab Charles Investment Management Inc. increased its position in shares of Ameren Corporation (NYSE:AEE) by 2.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 850,549 shares of the utilities provider’s stock after acquiring an additional 17,579 shares during the quarter. Schwab Charles Investment Management Inc. owned approximately 0.35% of Ameren worth $49,196,000 as of its most recent filing with the SEC.
A number of other large investors also recently bought and sold shares of the business. Commonwealth Bank of Australia raised its stake in shares of Ameren by 4.7% in the 3rd quarter. Commonwealth Bank of Australia now owns 37,516 shares of the utilities provider’s stock valued at $2,165,000 after acquiring an additional 1,694 shares during the period. WINTON GROUP Ltd raised its stake in shares of Ameren by 9.9% in the 3rd quarter. WINTON GROUP Ltd now owns 20,805 shares of the utilities provider’s stock valued at $1,203,000 after acquiring an additional 1,873 shares during the period. Wells Fargo & Company MN raised its stake in shares of Ameren by 12.9% in the 3rd quarter. Wells Fargo & Company MN now owns 4,478,768 shares of the utilities provider’s stock valued at $259,053,000 after acquiring an additional 511,854 shares during the period. Zeke Capital Advisors LLC purchased a new position in shares of Ameren in the 3rd quarter valued at $201,000. Finally, Cadence Capital Management LLC raised its stake in shares of Ameren by 35.6% in the 3rd quarter. Cadence Capital Management LLC now owns 9,926 shares of the utilities provider’s stock valued at $574,000 after acquiring an additional 2,604 shares during the period. 70.39% of the stock is currently owned by institutional investors.
A number of equities analysts have recently commented on the stock. BidaskClub raised shares of Ameren from a “hold” rating to a “buy” rating in a research note on Friday, August 11th. Morgan Stanley raised their price target on shares of Ameren from $56.00 to $57.00 and gave the company an “overweight” rating in a report on Thursday, August 10th. ValuEngine lowered shares of Ameren from a “buy” rating to a “hold” rating in a report on Monday. KeyCorp reaffirmed a “hold” rating on shares of Ameren in a report on Friday, October 20th. Finally, Zacks Investment Research lowered shares of Ameren from a “buy” rating to a “hold” rating in a report on Monday, September 11th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has given a strong buy rating to the company. Ameren has an average rating of “Hold” and a consensus target price of $56.00.
Ameren (NYSE:AEE) last announced its quarterly earnings data on Friday, November 3rd. The utilities provider reported $1.24 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.31 by ($0.07). The company had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.87 billion. Ameren had a return on equity of 8.61% and a net margin of 10.03%. Ameren’s revenue was down 7.3% on a year-over-year basis. During the same period in the prior year, the business earned $1.52 earnings per share. equities analysts anticipate that Ameren Corporation will post 2.81 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Wednesday, December 13th will be issued a dividend of $0.4575 per share. This is a positive change from Ameren’s previous quarterly dividend of $0.44. This represents a $1.83 annualized dividend and a yield of 2.92%. The ex-dividend date is Tuesday, December 12th. Ameren’s dividend payout ratio (DPR) is currently 69.84%.
In other Ameren news, SVP Gregory L. Nelson sold 12,000 shares of the firm’s stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $62.68, for a total transaction of $752,160.00. Following the completion of the transaction, the senior vice president now directly owns 36,785 shares of the company’s stock, valued at approximately $2,305,683.80. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.38% of the stock is owned by company insiders.
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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.
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