Global Retirement Partners LLC Buys 5,308 Shares of Ameren Co. (NYSE:AEE)

Global Retirement Partners LLC grew its stake in Ameren Co. (NYSE:AEEFree Report) by 5,007.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,414 shares of the utilities provider’s stock after acquiring an additional 5,308 shares during the quarter. Global Retirement Partners LLC’s holdings in Ameren were worth $386,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of AEE. Moneta Group Investment Advisors LLC increased its stake in shares of Ameren by 100,874.2% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 74,273,572 shares of the utilities provider’s stock valued at $6,604,406,000 after acquiring an additional 74,200,015 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its stake in shares of Ameren by 22.9% in the 4th 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 acquiring an additional 2,200,700 shares during the last quarter. State Street Corp increased its stake in shares of Ameren by 8.0% in the 1st quarter. State Street Corp now owns 13,889,994 shares of the utilities provider’s stock valued at $1,302,326,000 after acquiring an additional 1,029,187 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Ameren by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 29,978,760 shares of the utilities provider’s stock valued at $2,810,808,000 after acquiring an additional 681,658 shares during the last quarter. Finally, Ceredex Value Advisors LLC increased its stake in shares of Ameren by 105.0% in the 3rd quarter. Ceredex Value Advisors LLC now owns 1,289,754 shares of the utilities provider’s stock valued at $96,512,000 after acquiring an additional 660,654 shares during the last quarter. 79.09% of the stock is owned by institutional investors.

Ameren Trading Down 1.0 %

NYSE AEE opened at $73.24 on Tuesday. The company has a market cap of $19.52 billion, a PE ratio of 16.76, a PEG ratio of 2.74 and a beta of 0.44. The company has a current ratio of 0.65, a quick ratio of 0.43 and a debt-to-equity ratio of 1.32. Ameren Co. has a 12 month low of $67.03 and a 12 month high of $91.18. The stock has a 50 day moving average of $70.87 and a 200-day moving average of $73.98.

Ameren (NYSE:AEEGet Free Report) last released its quarterly earnings data on Friday, February 23rd. The utilities provider reported $0.60 EPS for the quarter, missing the consensus estimate of $0.61 by ($0.01). Ameren had a net margin of 15.36% and a return on equity of 10.42%. The company had revenue of $1.62 billion during the quarter, compared to analyst estimates of $2.03 billion. During the same period in the previous year, the company posted $0.63 EPS. The company’s quarterly revenue was down 20.9% compared to the same quarter last year. On average, equities research analysts anticipate that Ameren Co. will post 4.58 EPS for the current fiscal year.

Ameren Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Wednesday, March 13th were given a dividend of $0.67 per share. This is a boost from Ameren’s previous quarterly dividend of $0.63. The ex-dividend date was Tuesday, March 12th. This represents a $2.68 annualized dividend and a yield of 3.66%. Ameren’s dividend payout ratio (DPR) is presently 61.33%.

Insiders Place Their Bets

In other Ameren news, EVP Mark C. Lindgren sold 1,630 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $70.70, for a total transaction of $115,241.00. Following the transaction, the executive vice president now owns 47,883 shares in the company, valued at approximately $3,385,328.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Ameren news, EVP Mark C. Lindgren sold 1,630 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $70.70, for a total transaction of $115,241.00. Following the transaction, the executive vice president now owns 47,883 shares in the company, valued at approximately $3,385,328.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Martin J. Lyons sold 7,270 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $70.70, for a total value of $513,989.00. Following the transaction, the chief executive officer now owns 246,434 shares in the company, valued at approximately $17,422,883.80. The disclosure for this sale can be found here. Company insiders own 0.42% of the company’s stock.

Analyst Ratings Changes

AEE has been the subject of a number of research reports. Barclays increased their target price on Ameren from $72.00 to $74.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 14th. BMO Capital Markets increased their target price on Ameren from $75.00 to $76.00 and gave the stock an “outperform” rating in a research note on Monday, February 26th. StockNews.com cut Ameren from a “hold” rating to a “sell” rating in a research note on Monday, February 26th. Bank of America cut Ameren from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $82.00 to $77.00 in a research note on Thursday, January 4th. Finally, Evercore ISI cut Ameren from an “outperform” rating to an “in-line” rating in a research note on Friday, December 15th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $80.11.

View Our Latest Analysis on AEE

About Ameren

(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 business.

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Institutional Ownership by Quarter for Ameren (NYSE:AEE)

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