California State Teachers Retirement System Sells 11,985 Shares of Ameren Co. (NYSE:AEE)

California State Teachers Retirement System cut its holdings in shares of Ameren Co. (NYSE:AEEFree Report) by 3.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 366,356 shares of the utilities provider’s stock after selling 11,985 shares during the period. California State Teachers Retirement System owned 0.14% of Ameren worth $26,502,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AEE. International Assets Investment Management LLC boosted its stake in shares of Ameren by 7,133.8% during the fourth quarter. International Assets Investment Management LLC now owns 960,286 shares of the utilities provider’s stock valued at $694,670,000 after purchasing an additional 947,011 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its stake in shares of Ameren by 30.4% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,286,264 shares of the utilities provider’s stock valued at $171,081,000 after purchasing an additional 532,800 shares in the last quarter. Schonfeld Strategic Advisors LLC boosted its stake in shares of Ameren by 1,770.6% during the third quarter. Schonfeld Strategic Advisors LLC now owns 355,416 shares of the utilities provider’s stock valued at $26,596,000 after purchasing an additional 336,416 shares in the last quarter. UBS Group AG boosted its stake in shares of Ameren by 180.0% during the third quarter. UBS Group AG now owns 521,680 shares of the utilities provider’s stock valued at $39,037,000 after purchasing an additional 335,398 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Ameren by 276.1% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 399,565 shares of the utilities provider’s stock valued at $29,899,000 after purchasing an additional 293,317 shares in the last quarter. 79.09% of the stock is currently owned by institutional investors.

Ameren Trading Down 1.9 %

NYSE AEE opened at $72.34 on Thursday. The company has a fifty day simple moving average of $73.39 and a two-hundred day simple moving average of $72.85. The stock has a market cap of $19.29 billion, a P/E ratio of 16.63, a P/E/G ratio of 2.58 and a beta of 0.45. Ameren Co. has a 12-month low of $67.03 and a 12-month high of $88.72. The company has a current ratio of 0.59, a quick ratio of 0.40 and a debt-to-equity ratio of 1.31.

Ameren (NYSE:AEEGet Free Report) last posted its quarterly 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 analysts’ expectations of $2.19 billion. Ameren had a return on equity of 10.20% and a net margin of 15.84%. The company’s quarterly revenue was down 11.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.00 EPS. On average, analysts forecast that Ameren Co. will post 4.58 earnings per share for the current year.

Ameren Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors 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 annualized dividend and a dividend yield of 3.70%. Ameren’s dividend payout ratio (DPR) is presently 61.61%.

Insider Buying and Selling

In related news, EVP Mark C. Lindgren sold 4,000 shares of the firm’s stock in a transaction on Thursday, May 16th. The shares were 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 of the company’s stock, valued at $3,318,410.55. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.42% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on AEE shares. StockNews.com upgraded shares of Ameren from a “sell” rating to a “hold” rating in a research note on Wednesday, May 8th. Morgan Stanley raised their target price on shares of Ameren from $69.00 to $76.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 28th. BMO Capital Markets raised their target price on shares of Ameren from $76.00 to $81.00 and gave the company 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 target price for the company from $73.00 to $77.00 in a research note on Thursday, May 30th. Finally, 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. One analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Ameren currently has a consensus rating of “Hold” and a consensus target price of $79.70.

Get Our Latest Research Report on AEE

Ameren 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.

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Institutional Ownership by Quarter for Ameren (NYSE:AEE)

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