Ameren Corp (NYSE:AEE) announced a quarterly dividend on Monday, February 11th, Wall Street Journal reports. Shareholders of record on Wednesday, March 13th will be paid a dividend of 0.475 per share by the utilities provider on Friday, March 29th. This represents a $1.90 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date is Tuesday, March 12th.
Ameren has increased its dividend by an average of 3.7% per year over the last three years and has raised its dividend every year for the last 5 years. Ameren has a dividend payout ratio of 58.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Ameren to earn $3.52 per share next year, which means the company should continue to be able to cover its $1.90 annual dividend with an expected future payout ratio of 54.0%.
Shares of AEE stock opened at $71.07 on Thursday. The company has a market capitalization of $17.36 billion, a price-to-earnings ratio of 21.09, a price-to-earnings-growth ratio of 3.22 and a beta of 0.31. The company has a quick ratio of 0.39, a current ratio of 0.57 and a debt-to-equity ratio of 1.01. Ameren has a fifty-two week low of $53.08 and a fifty-two week high of $72.36.
Ameren (NYSE:AEE) last issued its earnings results on Thursday, February 14th. The utilities provider reported $0.28 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.04). The business had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.56 billion. Ameren had a return on equity of 10.87% and a net margin of 12.95%. The company’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.39 earnings per share. On average, research analysts anticipate that Ameren will post 3.3 earnings per share for the current year.
AEE has been the subject of a number of research analyst reports. Wells Fargo & Co lifted their target price on Ameren from $73.00 to $77.00 and gave the stock an “outperform” rating in a report on Monday, February 11th. UBS Group downgraded Ameren from a “buy” rating to a “neutral” rating and set a $71.00 target price for the company. in a report on Thursday, November 29th. Zacks Investment Research downgraded Ameren from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 13th. Morgan Stanley set a $73.00 target price on Ameren and gave the stock a “hold” rating in a report on Friday, February 22nd. Finally, ValuEngine upgraded Ameren from a “hold” rating to a “buy” rating in a report on Monday, November 12th. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $68.13.
In other news, CEO Warner L. Baxter sold 41,090 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $70.77, for a total transaction of $2,907,939.30. Following the completion of the sale, the chief executive officer now owns 364,913 shares in the company, valued at $25,824,893.01. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Gregory L. Nelson sold 29,548 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $70.84, for a total value of $2,093,180.32. Following the sale, the senior vice president now owns 37,268 shares of the company’s stock, valued at approximately $2,640,065.12. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 94,873 shares of company stock valued at $6,717,571. Corporate 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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