Ameren (NYSE:AEE) issued its earnings results on Friday. The utilities provider reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.05, Bloomberg Earnings reports. The company had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.60 billion. Ameren had a return on equity of 8.61% and a net margin of 10.03%. The firm’s quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.13 EPS. Ameren updated its FY18 guidance to $2.95-3.15 EPS.
Shares of Ameren (NYSE:AEE) traded up $0.06 during trading on Friday, reaching $56.32. The company’s stock had a trading volume of 2,605,647 shares, compared to its average volume of 2,085,789. The company has a market capitalization of $13,665.20, a PE ratio of 26.20, a P/E/G ratio of 2.63 and a beta of 0.28. The company has a quick ratio of 0.40, a current ratio of 0.61 and a debt-to-equity ratio of 0.92. Ameren has a 52-week low of $51.89 and a 52-week high of $64.89.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Wednesday, March 14th will be given a dividend of $0.4575 per share. The ex-dividend date of this dividend is Tuesday, March 13th. This represents a $1.83 dividend on an annualized basis and a yield of 3.25%. Ameren’s payout ratio is currently 85.12%.
In other Ameren news, SVP Gregory L. Nelson sold 12,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $62.68, for a total transaction of $752,160.00. Following the completion of the sale, the senior vice president now owns 36,785 shares of the company’s stock, valued at $2,305,683.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.38% of the stock is owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in AEE. Delpha Capital Management LLC bought a new stake in shares of Ameren in the fourth quarter valued at approximately $106,000. Moisand Fitzgerald Tamayo LLC bought a new stake in shares of Ameren in the third quarter valued at approximately $116,000. Cable Hill Partners LLC boosted its position in shares of Ameren by 400.2% in the third quarter. Cable Hill Partners LLC now owns 2,031 shares of the utilities provider’s stock valued at $117,000 after acquiring an additional 1,625 shares during the period. Cerebellum GP LLC bought a new stake in shares of Ameren in the fourth quarter valued at approximately $123,000. Finally, Focused Wealth Management Inc bought a new stake in shares of Ameren in the fourth quarter valued at approximately $165,000. 69.99% of the stock is owned by hedge funds and other institutional investors.
Ameren Company Profile
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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