Ameren Corp (AEE) Shares Sold by Advisors Asset Management Inc.
Advisors Asset Management Inc. trimmed its stake in Ameren Corp (NYSE:AEE) by 25.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 36,434 shares of the utilities provider’s stock after selling 12,375 shares during the quarter. Advisors Asset Management Inc.’s holdings in Ameren were worth $2,217,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bank of America Corp DE raised its position in shares of Ameren by 66.0% in the second quarter. Bank of America Corp DE now owns 1,092,823 shares of the utilities provider’s stock valued at $66,498,000 after purchasing an additional 434,564 shares during the period. Cubist Systematic Strategies LLC raised its position in shares of Ameren by 284.4% in the second quarter. Cubist Systematic Strategies LLC now owns 21,071 shares of the utilities provider’s stock valued at $1,282,000 after purchasing an additional 15,589 shares during the period. Renaissance Technologies LLC raised its position in shares of Ameren by 7.4% in the second quarter. Renaissance Technologies LLC now owns 4,100,847 shares of the utilities provider’s stock valued at $249,537,000 after purchasing an additional 282,247 shares during the period. BlueMountain Capital Management LLC raised its position in shares of Ameren by 140.8% in the second quarter. BlueMountain Capital Management LLC now owns 48,758 shares of the utilities provider’s stock valued at $2,967,000 after purchasing an additional 28,512 shares during the period. Finally, Mutual Advisors LLC bought a new stake in shares of Ameren in the second quarter valued at approximately $452,000. Hedge funds and other institutional investors own 70.85% of the company’s stock.
Ameren stock opened at $64.40 on Monday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.45 and a current ratio of 0.62. The company has a market cap of $15.72 billion, a P/E ratio of 22.76, a PEG ratio of 3.04 and a beta of 0.20. Ameren Corp has a 1-year low of $51.89 and a 1-year high of $67.23.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 31st. Investors of record on Wednesday, December 12th will be issued a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date of this dividend is Tuesday, December 11th. This is a positive change from Ameren’s previous quarterly dividend of $0.46. Ameren’s dividend payout ratio is 64.66%.
Several analysts have recently issued reports on AEE shares. Morgan Stanley boosted their price target on shares of Ameren from $57.00 to $62.00 and gave the company a “hold” rating in a research report on Monday, July 16th. Wolfe Research lowered shares of Ameren from an “outperform” rating to a “hold” rating in a research report on Friday. Barclays started coverage on shares of Ameren in a research report on Tuesday, July 10th. They issued an “equal weight” rating and a $63.00 price target on the stock. SunTrust Banks started coverage on shares of Ameren in a research report on Wednesday, September 26th. They issued a “hold” rating and a $64.00 price target on the stock. Finally, ValuEngine raised shares of Ameren from a “hold” rating to a “buy” rating in a research report on Tuesday, October 9th. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Ameren currently has an average rating of “Buy” and a consensus price target of $64.88.
Ameren Corporation operates as a public utility holding company in the United States. It operates through four segments: Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, and Ameren Transmission. The company engages in the rate-regulated electric generation, transmission, and distribution activities; and rate-regulated natural gas distribution and transmission businesses.
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