Ameren Co. (NYSE:AEE) Shares Sold by Shell Asset Management Co.

Shell Asset Management Co. decreased its holdings in shares of Ameren Co. (NYSE:AEEGet Rating) by 68.1% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 4,412 shares of the utilities provider’s stock after selling 9,408 shares during the quarter. Shell Asset Management Co.’s holdings in Ameren were worth $414,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in AEE. Millennium Management LLC boosted its stake in shares of Ameren by 933.4% during the fourth quarter. Millennium Management LLC now owns 1,523,881 shares of the utilities provider’s stock worth $135,641,000 after buying an additional 1,376,417 shares during the period. BlackRock Inc. boosted its stake in shares of Ameren by 3.9% during the fourth quarter. BlackRock Inc. now owns 20,753,782 shares of the utilities provider’s stock worth $1,847,293,000 after buying an additional 786,490 shares during the period. Deutsche Bank AG boosted its stake in shares of Ameren by 13.6% during the fourth quarter. Deutsche Bank AG now owns 5,546,548 shares of the utilities provider’s stock worth $493,699,000 after buying an additional 662,273 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Ameren by 160.2% during the fourth quarter. JPMorgan Chase & Co. now owns 784,579 shares of the utilities provider’s stock worth $69,835,000 after buying an additional 483,023 shares during the period. Finally, Alliancebernstein L.P. raised its holdings in Ameren by 30.8% during the fourth quarter. Alliancebernstein L.P. now owns 2,051,340 shares of the utilities provider’s stock worth $182,590,000 after purchasing an additional 482,848 shares in the last quarter. Institutional investors and hedge funds own 75.06% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on AEE shares. Argus increased their price target on shares of Ameren from $95.00 to $102.00 and gave the stock a “buy” rating in a report on Friday, June 3rd. Mizuho cut their price target on shares of Ameren from $95.00 to $92.00 and set a “neutral” rating for the company in a report on Friday, July 8th. Morgan Stanley increased their price target on shares of Ameren from $87.00 to $94.00 and gave the stock an “equal weight” rating in a report on Thursday, July 21st. UBS Group cut shares of Ameren from a “buy” rating to a “neutral” rating and increased their price target for the stock from $94.00 to $96.00 in a report on Thursday, June 30th. Finally, Barclays cut their price target on shares of Ameren from $99.00 to $91.00 and set an “equal weight” rating for the company in a report on Monday, July 18th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Ameren presently has a consensus rating of “Hold” and a consensus target price of $96.75.

Insider Transactions at Ameren

In related news, CFO Michael L. Moehn sold 2,630 shares of the firm’s stock in a transaction that occurred on Wednesday, June 1st. The shares were sold at an average price of $95.32, for a total transaction of $250,691.60. Following the sale, the chief financial officer now owns 148,060 shares in the company, valued at $14,113,079.20. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, insider Mark C. Birk sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 2nd. The shares were sold at an average price of $93.90, for a total transaction of $375,600.00. Following the sale, the insider now owns 80,541 shares in the company, valued at $7,562,799.90. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Michael L. Moehn sold 2,630 shares of Ameren stock in a transaction on Wednesday, June 1st. The shares were sold at an average price of $95.32, for a total transaction of $250,691.60. Following the completion of the transaction, the chief financial officer now owns 148,060 shares in the company, valued at approximately $14,113,079.20. The disclosure for this sale can be found here. Corporate insiders own 0.52% of the company’s stock.

Ameren Trading Down 0.8 %

Shares of Ameren stock opened at $91.59 on Friday. Ameren Co. has a 12-month low of $80.27 and a 12-month high of $99.20. The company has a current ratio of 0.65, a quick ratio of 0.48 and a debt-to-equity ratio of 1.26. The stock has a market cap of $23.65 billion, a PE ratio of 23.48, a price-to-earnings-growth ratio of 3.15 and a beta of 0.35. The company has a 50-day moving average of $89.03 and a two-hundred day moving average of $90.02.

Ameren (NYSE:AEEGet Rating) last issued its quarterly earnings data on Thursday, August 4th. The utilities provider reported $0.80 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.07). Ameren had a return on equity of 10.33% and a net margin of 15.04%. The business had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.52 billion. During the same period last year, the business earned $0.80 earnings per share. The company’s revenue for the quarter was up 17.3% on a year-over-year basis. On average, research analysts anticipate that Ameren Co. will post 4.08 EPS for the current fiscal year.

Ameren Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 30th. Stockholders of record on Wednesday, June 8th were paid a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, June 7th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.58%. Ameren’s dividend payout ratio (DPR) is 60.51%.

Ameren Profile

(Get Rating)

Ameren Corporation, together with its subsidiaries, 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.

See Also

Want to see what other hedge funds are holding AEE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ameren Co. (NYSE:AEEGet Rating).

Institutional Ownership by Quarter for Ameren (NYSE:AEE)

Receive News & Ratings for Ameren Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ameren and related companies with MarketBeat.com's FREE daily email newsletter.