Ameren (AEE) Announces Earnings Results
Ameren (NYSE:AEE) released its quarterly earnings results on Friday, February 16th. The utilities provider reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.05, Bloomberg Earnings reports. Ameren had a return on equity of 9.43% and a net margin of 8.47%. The company had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.60 billion. During the same period last year, the business posted $0.13 earnings per share. The firm’s revenue was up 3.4% compared to the same quarter last year. Ameren updated its FY18 guidance to $2.95-3.15 EPS.
Shares of Ameren (NYSE AEE) traded up $0.42 during mid-day trading on Monday, hitting $54.41. The stock had a trading volume of 1,559,290 shares, compared to its average volume of 1,819,421. The company has a quick ratio of 0.37, a current ratio of 0.55 and a debt-to-equity ratio of 0.97. The firm has a market capitalization of $13,099.85, a price-to-earnings ratio of 25.31, a PEG ratio of 2.58 and a beta of 0.32. Ameren has a fifty-two week low of $51.89 and a fifty-two week high of $64.89.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Wednesday, March 14th will be issued a $0.4575 dividend. This represents a $1.83 dividend on an annualized basis and a dividend yield of 3.36%. The ex-dividend date of this dividend is Tuesday, March 13th. Ameren’s dividend payout ratio is presently 85.12%.
Institutional investors have recently bought and sold shares of the stock. Delpha Capital Management LLC acquired a new stake in Ameren during the fourth quarter worth about $106,000. Moisand Fitzgerald Tamayo LLC acquired a new stake in Ameren during the third quarter worth about $116,000. Cable Hill Partners LLC boosted its position in Ameren by 400.2% during the third quarter. Cable Hill Partners LLC now owns 2,031 shares of the utilities provider’s stock worth $117,000 after purchasing an additional 1,625 shares in the last quarter. Cerebellum GP LLC purchased a new position in Ameren during the fourth quarter worth approximately $123,000. Finally, Focused Wealth Management Inc purchased a new position in Ameren during the fourth quarter worth approximately $165,000. 69.80% of the stock is currently owned by hedge funds and other institutional investors.
A number of research firms have commented on AEE. Zacks Investment Research cut Ameren from a “hold” rating to a “sell” rating in a research note on Wednesday, February 7th. UBS Group assumed coverage on Ameren in a report on Friday, February 2nd. They issued a “neutral” rating and a $57.00 price objective on the stock. Morgan Stanley set a $53.00 price objective on Ameren and gave the company a “sell” rating in a report on Tuesday, February 13th. Finally, ValuEngine lowered Ameren from a “buy” rating to a “hold” rating in a report on Monday, December 4th. Two analysts have rated the stock with a sell rating, six have given a hold rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $56.20.
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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