State of Alaska Department of Revenue Sells 925 Shares of Ameren Co. (NYSE:AEE)

State of Alaska Department of Revenue lessened its holdings in Ameren Co. (NYSE:AEEFree Report) by 2.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 45,353 shares of the utilities provider’s stock after selling 925 shares during the period. State of Alaska Department of Revenue’s holdings in Ameren were worth $3,280,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Moneta Group Investment Advisors LLC increased its position in Ameren by 100,874.2% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 74,273,572 shares of the utilities provider’s stock worth $6,604,406,000 after buying an additional 74,200,015 shares during the period. T. Rowe Price Investment Management Inc. increased its position in Ameren by 22.9% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 11,824,707 shares of the utilities provider’s stock worth $1,051,453,000 after buying an additional 2,200,700 shares during the period. State Street Corp increased its position in Ameren by 8.0% during the 1st quarter. State Street Corp now owns 13,889,994 shares of the utilities provider’s stock worth $1,302,326,000 after buying an additional 1,029,187 shares during the period. Vanguard Group Inc. increased its position in Ameren by 2.3% during the 1st quarter. Vanguard Group Inc. now owns 29,978,760 shares of the utilities provider’s stock worth $2,810,808,000 after buying an additional 681,658 shares during the period. Finally, Ceredex Value Advisors LLC increased its position in Ameren by 105.0% during the 3rd quarter. Ceredex Value Advisors LLC now owns 1,289,754 shares of the utilities provider’s stock worth $96,512,000 after buying an additional 660,654 shares during the period. Institutional investors own 79.09% of the company’s stock.

Ameren Stock Performance

NYSE:AEE opened at $73.18 on Thursday. The stock’s 50-day simple moving average is $70.97 and its 200 day simple moving average is $73.93. The firm has a market capitalization of $19.50 billion, a PE ratio of 16.74, a price-to-earnings-growth ratio of 2.72 and a beta of 0.44. The company has a quick ratio of 0.43, a current ratio of 0.65 and a debt-to-equity ratio of 1.32. Ameren Co. has a twelve month low of $67.03 and a twelve month high of $91.18.

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

Ameren Increases Dividend

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

Analyst Upgrades and Downgrades

Several research analysts have weighed in on AEE shares. KeyCorp cut Ameren from an “overweight” rating to a “sector weight” rating in a research report on Friday, December 15th. BMO Capital Markets raised their price target on Ameren from $75.00 to $76.00 and gave the stock an “outperform” rating in a research report on Monday, February 26th. Barclays raised their price target on Ameren from $72.00 to $74.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 14th. JPMorgan Chase & Co. cut Ameren from an “overweight” rating to a “neutral” rating in a research report on Monday, December 18th. Finally, Bank of America cut Ameren from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $82.00 to $77.00 in a research report on Thursday, January 4th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $80.11.

Read Our Latest Analysis on Ameren

Insider Activity

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

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.

Further Reading

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Institutional Ownership by Quarter for Ameren (NYSE:AEE)

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