Voya Investment Management LLC Purchases 702,145 Shares of Ameren Corp (NYSE:AEE)
Voya Investment Management LLC raised its holdings in shares of Ameren Corp (NYSE:AEE) by 48.7% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,145,187 shares of the utilities provider’s stock after purchasing an additional 702,145 shares during the quarter. Voya Investment Management LLC owned 0.88% of Ameren worth $130,535,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Adviser Investments LLC bought a new stake in Ameren during the 1st quarter valued at $105,000. Dupont Capital Management Corp raised its stake in Ameren by 216.8% during the 1st quarter. Dupont Capital Management Corp now owns 2,335 shares of the utilities provider’s stock valued at $132,000 after acquiring an additional 1,598 shares in the last quarter. Signaturefd LLC bought a new stake in Ameren during the 1st quarter valued at $133,000. Rampart Investment Management Company LLC bought a new stake in shares of Ameren in the 2nd quarter worth $150,000. Finally, Orrstown Financial Services Inc. bought a new stake in shares of Ameren in the 2nd quarter worth $152,000. Hedge funds and other institutional investors own 70.48% of the company’s stock.
A number of equities research analysts have recently issued reports on AEE shares. Morgan Stanley boosted their target price on Ameren from $62.00 to $67.00 and gave the stock an “equal weight” rating in a research report on Tuesday, September 11th. Barclays started coverage on Ameren in a report on Tuesday, July 10th. They set an “equal weight” rating and a $63.00 price target on the stock. Zacks Investment Research upgraded Ameren from a “hold” rating to a “buy” rating and set a $66.00 price target on the stock in a report on Tuesday, May 29th. Finally, Goldman Sachs Group restated a “neutral” rating on shares of Ameren in a research note on Friday, June 1st. Six analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $64.00.
Ameren (NYSE:AEE) last posted its quarterly earnings results on Friday, August 3rd. The utilities provider reported $0.97 EPS for the quarter, beating the consensus estimate of $0.79 by $0.18. The firm had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.54 billion. Ameren had a return on equity of 10.60% and a net margin of 9.85%. The company’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.79 EPS. equities research analysts forecast that Ameren Corp will post 3.25 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Wednesday, September 12th will be issued a $0.4575 dividend. The ex-dividend date is Tuesday, September 11th. This represents a $1.83 annualized dividend and a yield of 2.80%. Ameren’s dividend payout ratio (DPR) is 64.66%.
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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