Sumitomo Mitsui DS Asset Management Company Ltd Has $1.87 Million Holdings in Ameren Co. (NYSE:AEE)

Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in shares of Ameren Co. (NYSE:AEEGet Rating) by 0.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,679 shares of the utilities provider’s stock after purchasing an additional 138 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Ameren were worth $1,869,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Veritable L.P. boosted its position in shares of Ameren by 1.1% during the 1st quarter. Veritable L.P. now owns 10,434 shares of the utilities provider’s stock worth $978,000 after acquiring an additional 118 shares in the last quarter. Natixis Advisors L.P. boosted its position in shares of Ameren by 8.3% during the 1st quarter. Natixis Advisors L.P. now owns 216,193 shares of the utilities provider’s stock worth $20,271,000 after acquiring an additional 16,546 shares in the last quarter. Prudential PLC boosted its position in shares of Ameren by 20.5% during the 1st quarter. Prudential PLC now owns 38,999 shares of the utilities provider’s stock worth $3,657,000 after acquiring an additional 6,635 shares in the last quarter. Signaturefd LLC boosted its position in shares of Ameren by 3.2% during the 1st quarter. Signaturefd LLC now owns 4,954 shares of the utilities provider’s stock worth $465,000 after acquiring an additional 154 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its position in shares of Ameren by 19.0% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 46,424 shares of the utilities provider’s stock worth $4,353,000 after acquiring an additional 7,403 shares in the last quarter. Institutional investors and hedge funds own 77.98% of the company’s stock.

Ameren Price Performance

AEE stock opened at $90.41 on Friday. The company has a fifty day moving average price of $92.62 and a 200-day moving average price of $91.86. The company has a market capitalization of $23.36 billion, a P/E ratio of 23.18, a PEG ratio of 3.07 and a beta of 0.35. Ameren Co. has a 52-week low of $80.27 and a 52-week high of $99.20. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.50 and a current ratio of 0.67.

Ameren (NYSE:AEEGet Rating) last released its quarterly earnings results on Thursday, August 4th. The utilities provider reported $0.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.07). The business had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.52 billion. Ameren had a net margin of 14.49% and a return on equity of 10.19%. Ameren’s revenue was up 17.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.80 EPS. As a group, equities analysts expect that Ameren Co. will post 4.09 EPS for the current year.

Ameren Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Wednesday, September 7th will be paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date of this dividend is Tuesday, September 6th. Ameren’s dividend payout ratio is presently 60.51%.

Analyst Ratings Changes

AEE has been the topic of several analyst reports. Argus increased their price target on shares of Ameren from $95.00 to $102.00 and gave the stock a “buy” rating in a research report on Friday, June 3rd. Barclays dropped their price objective on shares of Ameren from $99.00 to $91.00 and set an “equal weight” rating for the company in a research note on Monday, July 18th. UBS Group downgraded shares of Ameren from a “buy” rating to a “neutral” rating and increased their price objective for the company from $94.00 to $96.00 in a research note on Thursday, June 30th. Mizuho increased their price objective on shares of Ameren from $92.00 to $98.00 and gave the company a “neutral” rating in a research note on Monday, September 12th. Finally, Morgan Stanley dropped their price objective on shares of Ameren from $101.00 to $99.00 and set an “overweight” rating for the company in a research note on Thursday. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $99.13.

Insider Buying and Selling

In related news, Chairman Warner L. Baxter sold 54,000 shares of Ameren stock in a transaction on Tuesday, August 9th. The shares were sold at an average price of $93.19, for a total transaction of $5,032,260.00. Following the completion of the transaction, the chairman now owns 267,893 shares of the company’s stock, valued at $24,964,948.67. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Rafael Flores sold 1,600 shares of Ameren stock in a transaction on Wednesday, August 17th. The shares were sold at an average price of $96.07, for a total transaction of $153,712.00. Following the completion of the transaction, the director now owns 14,178 shares of the company’s stock, valued at $1,362,080.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Warner L. Baxter sold 54,000 shares of the firm’s stock in a transaction on Tuesday, August 9th. The stock was sold at an average price of $93.19, for a total transaction of $5,032,260.00. Following the completion of the sale, the chairman now owns 267,893 shares of the company’s stock, valued at $24,964,948.67. The disclosure for this sale can be found here. 0.52% of the stock is owned by insiders.

Ameren Profile

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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.

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Institutional Ownership by Quarter for Ameren (NYSE:AEE)

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