Northern Trust Corp Sells 48,909 Shares of Ameren Co. (NYSE:AEE)

Northern Trust Corp cut its holdings in Ameren Co. (NYSE:AEEFree Report) by 2.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,381,489 shares of the utilities provider’s stock after selling 48,909 shares during the period. Northern Trust Corp owned approximately 0.91% of Ameren worth $172,277,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Cibc World Markets Corp increased its position in Ameren by 133.4% in the 4th quarter. Cibc World Markets Corp now owns 33,841 shares of the utilities provider’s stock valued at $2,448,000 after buying an additional 19,339 shares in the last quarter. Magellan Asset Management Ltd increased its position in Ameren by 1.8% in the 4th quarter. Magellan Asset Management Ltd now owns 224,342 shares of the utilities provider’s stock valued at $16,229,000 after buying an additional 3,971 shares in the last quarter. Public Employees Retirement Association of Colorado increased its position in Ameren by 577.3% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 28,427 shares of the utilities provider’s stock valued at $2,056,000 after buying an additional 24,230 shares in the last quarter. 1832 Asset Management L.P. increased its position in Ameren by 5.1% in the 4th quarter. 1832 Asset Management L.P. now owns 24,496 shares of the utilities provider’s stock valued at $1,772,000 after buying an additional 1,183 shares in the last quarter. Finally, Crossmark Global Holdings Inc. increased its position in Ameren by 8.9% in the 4th quarter. Crossmark Global Holdings Inc. now owns 21,912 shares of the utilities provider’s stock valued at $1,585,000 after buying an additional 1,793 shares in the last quarter. 79.09% of the stock is owned by institutional investors.

Insider Buying and Selling at Ameren

In other Ameren news, EVP Mark C. Lindgren sold 4,000 shares of the stock in a transaction 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 directly 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 through the SEC website. 0.36% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on AEE. Barclays raised Ameren from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $73.00 to $77.00 in a research report on Thursday, May 30th. Morgan Stanley boosted their price objective on Ameren from $69.00 to $76.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 28th. Bank of America boosted their price objective on Ameren from $77.00 to $78.00 and gave the stock a “neutral” rating in a report on Thursday, April 11th. StockNews.com raised Ameren from a “sell” rating to a “hold” rating in a report on Wednesday, May 8th. Finally, The Goldman Sachs Group initiated coverage on Ameren in a report on Wednesday, April 10th. They set a “sell” rating and a $73.00 price objective for the company. One analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $79.70.

Check Out Our Latest Stock Report on AEE

Ameren Stock Performance

AEE stock opened at $71.07 on Monday. The firm has a market cap of $18.95 billion, a PE ratio of 16.34, a P/E/G ratio of 2.48 and a beta of 0.45. The company has a quick ratio of 0.40, a current ratio of 0.59 and a debt-to-equity ratio of 1.31. The business has a 50 day moving average of $73.29 and a 200-day moving average of $72.75. Ameren Co. has a 12-month low of $67.03 and a 12-month high of $88.72.

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

Ameren Announces Dividend

The company also recently disclosed 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. This represents a $2.68 annualized dividend and a yield of 3.77%. The ex-dividend date of this dividend is Wednesday, June 12th. Ameren’s dividend payout ratio (DPR) is 61.61%.

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.

See Also

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Institutional Ownership by Quarter for Ameren (NYSE:AEE)

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