First National Trust Co purchased a new stake in shares of Ameren Co. (NYSE:AEE – Free Report) in the fourth quarter, Holdings Channel.com reports. The firm purchased 2,284 shares of the utilities provider’s stock, valued at approximately $204,000.
Other hedge funds have also recently modified their holdings of the company. Steward Partners Investment Advisory LLC lifted its position in shares of Ameren by 14.4% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 10,174 shares of the utilities provider’s stock worth $907,000 after buying an additional 1,282 shares in the last quarter. FMR LLC lifted its position in shares of Ameren by 59.8% during the 3rd quarter. FMR LLC now owns 2,631,580 shares of the utilities provider’s stock worth $230,158,000 after buying an additional 984,879 shares in the last quarter. Lindenwold Advisors INC bought a new position in shares of Ameren during the 3rd quarter worth approximately $1,682,000. JPMorgan Chase & Co. lifted its position in shares of Ameren by 51.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,064,877 shares of the utilities provider’s stock worth $93,134,000 after buying an additional 362,772 shares in the last quarter. Finally, HITE Hedge Asset Management LLC lifted its position in shares of Ameren by 265.0% during the 3rd quarter. HITE Hedge Asset Management LLC now owns 173,771 shares of the utilities provider’s stock worth $15,198,000 after buying an additional 126,157 shares in the last quarter. Institutional investors own 79.09% of the company’s stock.
Insider Activity
In related news, EVP Chonda J. Nwamu sold 5,500 shares of the company’s stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $101.37, for a total value of $557,535.00. Following the completion of the transaction, the executive vice president now directly owns 43,344 shares in the company, valued at approximately $4,393,781.28. The trade was a 11.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Shawn E. Schukar sold 4,743 shares of the company’s stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $103.79, for a total transaction of $492,275.97. Following the completion of the transaction, the insider now owns 57,486 shares of the company’s stock, valued at $5,966,471.94. This trade represents a 7.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,959 shares of company stock worth $1,316,712 in the last three months. Corporate insiders own 0.42% of the company’s stock.
Wall Street Analysts Forecast Growth
View Our Latest Research Report on Ameren
Ameren Trading Up 1.3 %
Shares of AEE stock opened at $99.26 on Friday. The company’s fifty day simple moving average is $95.77 and its two-hundred day simple moving average is $90.90. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.66 and a quick ratio of 0.44. Ameren Co. has a 1 year low of $69.39 and a 1 year high of $104.10. The stock has a market capitalization of $26.79 billion, a price-to-earnings ratio of 22.46, a PEG ratio of 2.97 and a beta of 0.48.
Ameren (NYSE:AEE – Get Free Report) last issued its earnings results on Thursday, February 13th. The utilities provider reported $0.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.06). Ameren had a net margin of 15.51% and a return on equity of 10.34%. During the same quarter in the prior year, the firm posted $0.60 EPS. As a group, analysts anticipate that Ameren Co. will post 4.93 earnings per share for the current year.
Ameren Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Tuesday, March 11th will be given a dividend of $0.71 per share. This is a positive change from Ameren’s previous quarterly dividend of $0.67. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date is Tuesday, March 11th. Ameren’s payout ratio is 64.25%.
Ameren Company Profile
Ameren Corporation, together with its subsidiaries, operates as a public utility holding company in the United States. The company operates through four segments: Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, and Ameren Transmission. It engages in the rate-regulated electric generation, transmission, and distribution activities; and rate-regulated natural gas distribution business.
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