Advisors Asset Management Inc. Decreases Stake in Ameren Co. (NYSE:AEE)

Advisors Asset Management Inc. lowered its position in shares of Ameren Co. (NYSE:AEEGet Rating) by 27.4% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 5,629 shares of the utilities provider’s stock after selling 2,124 shares during the quarter. Advisors Asset Management Inc.’s holdings in Ameren were worth $509,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the company. Veritable L.P. grew its holdings 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 purchasing an additional 118 shares during the period. Cetera Advisor Networks LLC boosted its holdings in Ameren by 2.1% in the 1st quarter. Cetera Advisor Networks LLC now owns 5,703 shares of the utilities provider’s stock worth $535,000 after acquiring an additional 119 shares during the period. Avidian Wealth Solutions LLC boosted its holdings in Ameren by 1.7% in the 1st quarter. Avidian Wealth Solutions LLC now owns 7,378 shares of the utilities provider’s stock worth $692,000 after acquiring an additional 123 shares during the period. Koshinski Asset Management Inc. boosted its holdings in Ameren by 0.7% in the 2nd quarter. Koshinski Asset Management Inc. now owns 19,252 shares of the utilities provider’s stock worth $1,740,000 after acquiring an additional 132 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in Ameren by 0.7% in the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 20,679 shares of the utilities provider’s stock worth $1,869,000 after acquiring an additional 138 shares during the period. Hedge funds and other institutional investors own 77.98% of the company’s stock.

Ameren Trading Up 3.1 %

Shares of AEE stock opened at $86.18 on Friday. The stock has a 50-day simple moving average of $83.16 and a 200 day simple moving average of $88.54. Ameren Co. has a fifty-two week low of $73.28 and a fifty-two week high of $99.20. The stock has a market capitalization of $22.28 billion, a P/E ratio of 21.60, a P/E/G ratio of 2.87 and a beta of 0.40. The company has a quick ratio of 0.57, a current ratio of 0.79 and a debt-to-equity ratio of 1.31.

Ameren (NYSE:AEEGet Rating) last announced its earnings results on Friday, November 4th. The utilities provider reported $1.74 earnings per share for the quarter, beating the consensus estimate of $1.72 by $0.02. Ameren had a return on equity of 10.33% and a net margin of 13.90%. The business had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $1.89 billion. During the same quarter last year, the business posted $1.65 earnings per share. The company’s quarterly revenue was up 27.3% on a year-over-year basis. On average, sell-side analysts expect that Ameren Co. will post 4.09 earnings per share for the current fiscal year.

Ameren Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 30th. Investors of record on Wednesday, December 7th will be given a $0.59 dividend. The ex-dividend date is Tuesday, December 6th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.74%. Ameren’s dividend payout ratio (DPR) is 59.15%.

Analyst Upgrades and Downgrades

AEE has been the topic of a number of recent analyst reports. StockNews.com initiated coverage on Ameren in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock. Guggenheim dropped their price target on Ameren from $99.00 to $84.00 in a research report on Monday, October 24th. BMO Capital Markets upped their price target on Ameren from $85.00 to $90.00 and gave the company an “outperform” rating in a research report on Monday, November 7th. Morgan Stanley upped their price target on Ameren from $80.00 to $86.00 and gave the company an “equal weight” rating in a research report on Friday, November 11th. Finally, Wells Fargo & Company dropped their price target on Ameren from $104.00 to $93.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 19th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Ameren currently has an average rating of “Moderate Buy” and a consensus price target of $93.70.

Ameren Company 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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