Van ECK Associates Corp Cuts Holdings in Ameren Co. (NYSE:AEE)

Van ECK Associates Corp trimmed its position in Ameren Co. (NYSE:AEEFree Report) by 4.0% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 65,739 shares of the utilities provider’s stock after selling 2,717 shares during the period. Van ECK Associates Corp’s holdings in Ameren were worth $4,919,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Moneta Group Investment Advisors LLC grew its stake in Ameren by 100,874.2% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 74,273,572 shares of the utilities provider’s stock worth $6,604,406,000 after purchasing an additional 74,200,015 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Ameren by 2.3% in the first quarter. Vanguard Group Inc. now owns 29,978,760 shares of the utilities provider’s stock worth $2,810,808,000 after acquiring an additional 681,658 shares during the last quarter. BlackRock Inc. lifted its holdings in Ameren by 0.3% in the second quarter. BlackRock Inc. now owns 18,837,990 shares of the utilities provider’s stock worth $1,538,499,000 after acquiring an additional 56,202 shares during the last quarter. State Street Corp lifted its holdings in Ameren by 8.0% in the first quarter. State Street Corp now owns 13,889,994 shares of the utilities provider’s stock worth $1,302,326,000 after acquiring an additional 1,029,187 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. raised its holdings in shares of Ameren by 22.9% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 11,824,707 shares of the utilities provider’s stock valued at $1,051,453,000 after buying an additional 2,200,700 shares during the last quarter. 77.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on AEE shares. StockNews.com upgraded shares of Ameren from a “sell” rating to a “hold” rating in a research note on Sunday, January 28th. Barclays lifted their price objective on shares of Ameren from $71.00 to $72.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 17th. Mizuho lowered their price objective on shares of Ameren from $77.00 to $72.00 and set a “neutral” rating on the stock in a research report on Monday, December 18th. JPMorgan Chase & Co. cut shares of Ameren from an “overweight” rating to a “neutral” rating in a research report on Monday, December 18th. Finally, KeyCorp lowered shares of Ameren from an “overweight” rating to a “sector weight” rating in a research note on Friday, December 15th. Eight analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $82.33.

Get Our Latest Report on Ameren

Insider Transactions at Ameren

In other news, Director Rafael Flores sold 1,500 shares of the business’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $77.65, for a total transaction of $116,475.00. Following the transaction, the director now owns 13,007 shares in the company, valued at approximately $1,009,993.55. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, Director Rafael Flores sold 1,500 shares of the business’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $77.65, for a total transaction of $116,475.00. Following the transaction, the director now owns 13,007 shares in the company, valued at approximately $1,009,993.55. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Michael L. Moehn sold 3,244 shares of the business’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $77.28, for a total transaction of $250,696.32. Following the transaction, the chief financial officer now owns 198,937 shares in the company, valued at approximately $15,373,851.36. The disclosure for this sale can be found here. Insiders own 0.42% of the company’s stock.

Ameren Stock Up 1.1 %

Ameren stock opened at $68.70 on Monday. The firm has a market cap of $18.06 billion, a price-to-earnings ratio of 15.61, a P/E/G ratio of 2.54 and a beta of 0.43. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.52 and a quick ratio of 0.33. Ameren Co. has a fifty-two week low of $67.32 and a fifty-two week high of $91.18. The firm has a fifty day moving average price of $72.39 and a two-hundred day moving average price of $76.29.

Ameren Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Wednesday, March 13th will be given a dividend of $0.67 per share. This is a positive change from Ameren’s previous quarterly dividend of $0.63. This represents a $2.68 dividend on an annualized basis and a yield of 3.90%. Ameren’s payout ratio is currently 57.27%.

Ameren Company Profile

(Free Report)

Ameren Corporation, together with its subsidiaries, operates as a public utility holding company in the United States. The company operates through four segments: Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, and Ameren Transmission. It engages in the rate-regulated electric generation, transmission, and distribution activities; and rate-regulated natural gas distribution and transmission businesses.

See Also

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Institutional Ownership by Quarter for Ameren (NYSE:AEE)

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