Ameren Corp. (AEE) Stake Raised by Hennessy Advisors Inc.
Hennessy Advisors Inc. boosted its position in shares of Ameren Corp. (NYSE:AEE) by 10.6% during the third quarter, Holdings Channel reports. The firm owned 181,990 shares of the company’s stock after buying an additional 17,500 shares during the period. Hennessy Advisors Inc.’s holdings in Ameren Corp. were worth $8,950,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of AEE. Acropolis Investment Management LLC boosted its position in Ameren Corp. by 0.5% in the second quarter. Acropolis Investment Management LLC now owns 2,361 shares of the company’s stock worth $126,000 after buying an additional 12 shares during the period. TLP Group LLC purchased a new position in Ameren Corp. during the second quarter worth about $135,000. FTB Advisors Inc. boosted its position in Ameren Corp. by 3.7% in the second quarter. FTB Advisors Inc. now owns 2,597 shares of the company’s stock worth $138,000 after buying an additional 92 shares during the period. Signaturefd LLC boosted its position in Ameren Corp. by 84.7% in the second quarter. Signaturefd LLC now owns 2,755 shares of the company’s stock worth $148,000 after buying an additional 1,263 shares during the period. Finally, Mizuho Asset Management Co. Ltd. boosted its position in Ameren Corp. by 75.9% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 3,100 shares of the company’s stock worth $166,000 after buying an additional 1,338 shares during the period. Institutional investors own 66.61% of the company’s stock.
Shares of Ameren Corp. (NYSE:AEE) traded down 3.00% during mid-day trading on Wednesday, hitting $49.40. 935,444 shares of the company were exchanged. The company’s 50-day moving average price is $48.86 and its 200-day moving average price is $50.06. Ameren Corp. has a 12-month low of $41.33 and a 12-month high of $54.08. The firm has a market capitalization of $11.99 billion, a P/E ratio of 18.47 and a beta of 0.31.
Ameren Corp. (NYSE:AEE) last announced its earnings results on Friday, November 4th. The company reported $1.52 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.38 by $0.14. Ameren Corp. had a net margin of 10.78% and a return on equity of 9.14%. The firm had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.91 billion. During the same quarter in the prior year, the business posted $1.41 EPS. The business’s revenue was up 1.4% compared to the same quarter last year. Equities research analysts predict that Ameren Corp. will post $2.64 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 30th. Shareholders of record on Wednesday, December 7th will be given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.46%. The ex-dividend date is Monday, December 5th. This is a positive change from Ameren Corp.’s previous quarterly dividend of $0.43. Ameren Corp.’s dividend payout ratio is presently 63.43%.
A number of analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Ameren Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, November 2nd. Argus reissued a “hold” rating on shares of Ameren Corp. in a report on Tuesday, October 18th.
In other news, Director Walter J. Galvin sold 36,989 shares of the company’s stock in a transaction that occurred on Wednesday, September 7th. The shares were sold at an average price of $49.94, for a total transaction of $1,847,230.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.38% of the company’s stock.
About Ameren Corp.
Ameren Corporation (Ameren) is a public utility holding company. Ameren’s primary assets are its equity interests in its subsidiaries, including Union Electric Company (doing business as Ameren Missouri) and Ameren Illinois Company (Ameren Illinois). Ameren operates through two segments: Ameren Missouri and Ameren Illinois.
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