Ameren Co. (NYSE:AEE) Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC lessened its position in Ameren Co. (NYSE:AEEFree Report) by 6.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 382,993 shares of the utilities provider’s stock after selling 28,025 shares during the period. Hsbc Holdings PLC owned about 0.15% of Ameren worth $27,678,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Janney Montgomery Scott LLC lifted its stake in shares of Ameren by 2.3% during the 4th quarter. Janney Montgomery Scott LLC now owns 7,414 shares of the utilities provider’s stock worth $536,000 after purchasing an additional 168 shares during the period. Assetmark Inc. increased its position in Ameren by 6.1% during the fourth quarter. Assetmark Inc. now owns 3,051 shares of the utilities provider’s stock worth $221,000 after purchasing an additional 175 shares during the last quarter. Aviva PLC boosted its holdings in shares of Ameren by 5.3% in the 3rd quarter. Aviva PLC now owns 3,972 shares of the utilities provider’s stock valued at $297,000 after purchasing an additional 200 shares during the last quarter. Spirit of America Management Corp NY increased its holdings in shares of Ameren by 2.5% during the 4th quarter. Spirit of America Management Corp NY now owns 8,050 shares of the utilities provider’s stock worth $582,000 after buying an additional 200 shares during the last quarter. Finally, Beacon Pointe Advisors LLC raised its position in shares of Ameren by 7.0% in the 4th quarter. Beacon Pointe Advisors LLC now owns 3,596 shares of the utilities provider’s stock worth $260,000 after buying an additional 235 shares during the period. Hedge funds and other institutional investors own 79.09% of the company’s stock.

Ameren Trading Up 2.0 %

NYSE:AEE opened at $71.51 on Friday. Ameren Co. has a one year low of $67.03 and a one year high of $88.72. The business’s 50-day simple moving average is $73.27 and its 200 day simple moving average is $72.97. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.40 and a current ratio of 0.59. The stock has a market cap of $19.07 billion, a price-to-earnings ratio of 16.44, a price-to-earnings-growth ratio of 2.45 and a beta of 0.44.

Ameren (NYSE:AEEGet Free Report) last issued its earnings results on Thursday, May 9th. The utilities provider reported $0.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.08). The company had revenue of $1.82 billion during the quarter, compared to analyst estimates of $2.19 billion. Ameren had a net margin of 15.84% and a return on equity of 10.20%. The business’s revenue for the quarter was down 11.9% compared to the same quarter last year. During the same quarter last year, the company posted $1.00 EPS. As a group, sell-side analysts predict that Ameren Co. will post 4.58 earnings per share for the current fiscal year.

Ameren Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Wednesday, June 12th will be issued a dividend of $0.67 per share. The ex-dividend date of this dividend is Wednesday, June 12th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.75%. Ameren’s dividend payout ratio (DPR) is 61.61%.

Analyst Ratings Changes

Several equities research analysts have commented on the company. BMO Capital Markets upped their price target on Ameren from $76.00 to $81.00 and gave the stock an “outperform” rating in a research note on Monday, May 6th. Barclays upgraded shares of Ameren from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $73.00 to $77.00 in a report on Thursday. Morgan Stanley boosted their price objective on shares of Ameren from $69.00 to $76.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Bank of America raised their target price on shares of Ameren from $77.00 to $78.00 and gave the company a “neutral” rating in a research note on Thursday, April 11th. Finally, The Goldman Sachs Group initiated coverage on shares of Ameren in a research report on Wednesday, April 10th. They set a “sell” rating and a $73.00 price target for the company. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $79.70.

Get Our Latest Stock Report on AEE

Insider Transactions at Ameren

In related news, EVP Mark C. Lindgren sold 4,000 shares of the stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $75.53, for a total transaction of $302,120.00. Following the sale, the executive vice president now owns 43,935 shares in the company, valued at $3,318,410.55. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, EVP Mark C. Lindgren sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $75.53, for a total transaction of $302,120.00. Following the completion of the transaction, the executive vice president now owns 43,935 shares in the company, valued at approximately $3,318,410.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 completion of 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. In the last three months, insiders have sold 12,900 shares of company stock worth $931,350. 0.42% of the stock is currently owned by insiders.

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 business.

Further Reading

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Institutional Ownership by Quarter for Ameren (NYSE:AEE)

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