BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in Ameren Corp (NYSE:AEE) by 14.8% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 61,467 shares of the utilities provider’s stock after buying an additional 7,929 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Ameren were worth $4,009,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently made changes to their positions in AEE. FMR LLC increased its stake in Ameren by 285.1% in the 3rd quarter. FMR LLC now owns 3,720,483 shares of the utilities provider’s stock valued at $235,209,000 after buying an additional 2,754,278 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Ameren by 836.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,983,461 shares of the utilities provider’s stock worth $125,394,000 after purchasing an additional 1,771,596 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its position in shares of Ameren by 6,342.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,701,785 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 1,675,368 shares in the last quarter. BlackRock Inc. boosted its position in shares of Ameren by 6.0% during the 3rd quarter. BlackRock Inc. now owns 17,545,292 shares of the utilities provider’s stock worth $1,109,213,000 after purchasing an additional 987,641 shares in the last quarter. Finally, LSV Asset Management boosted its position in shares of Ameren by 179.9% during the 4th quarter. LSV Asset Management now owns 1,401,383 shares of the utilities provider’s stock worth $91,412,000 after purchasing an additional 900,700 shares in the last quarter. 72.90% of the stock is currently owned by institutional investors.
Several equities research analysts have commented on AEE shares. Zacks Investment Research lowered shares of Ameren from a “buy” rating to a “hold” rating in a research report on Wednesday, March 6th. Wells Fargo & Co boosted their target price on shares of Ameren from $73.00 to $77.00 and gave the stock an “outperform” rating in a research report on Monday, February 11th. Morgan Stanley boosted their target price on shares of Ameren from $66.00 to $69.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 12th. UBS Group lowered shares of Ameren from a “buy” rating to a “neutral” rating and set a $71.00 target price on the stock. in a research report on Thursday, November 29th. Finally, Barclays set a $67.00 target price on shares of Ameren and gave the stock a “hold” rating in a research report on Saturday, November 17th. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $68.13.
Ameren (NYSE:AEE) last released its quarterly earnings data on Thursday, February 14th. The utilities provider reported $0.28 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.04). Ameren had a return on equity of 10.87% and a net margin of 12.95%. The business had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.56 billion. During the same quarter in the prior year, the firm earned $0.39 earnings per share. Ameren’s quarterly revenue was up 1.4% on a year-over-year basis. Analysts forecast that Ameren Corp will post 3.3 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Wednesday, March 13th will be given a $0.475 dividend. The ex-dividend date of this dividend is Tuesday, March 12th. This represents a $1.90 annualized dividend and a dividend yield of 2.62%. Ameren’s dividend payout ratio is presently 56.38%.
In other Ameren news, CEO Warner L. Baxter sold 41,090 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $70.77, for a total value of $2,907,939.30. Following the transaction, the chief executive officer now directly owns 364,913 shares in the company, valued at approximately $25,824,893.01. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Gregory L. Nelson sold 29,548 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $70.84, for a total transaction of $2,093,180.32. Following the completion of the transaction, the senior vice president now owns 37,268 shares in the company, valued at $2,640,065.12. The disclosure for this sale can be found here. Insiders sold a total of 121,873 shares of company stock worth $8,639,431 over the last quarter. Insiders own 0.44% of the company’s stock.
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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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