Ameren Co. (NYSE:AEE) Shares Sold by TD Asset Management Inc

TD Asset Management Inc decreased its position in Ameren Co. (NYSE:AEE) by 0.2% in the 2nd quarter, Holdings Channel.com reports. The fund owned 86,637 shares of the utilities provider’s stock after selling 154 shares during the period. TD Asset Management Inc’s holdings in Ameren were worth $7,076,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in AEE. Moneta Group Investment Advisors LLC boosted 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 valued at $6,604,406,000 after purchasing an additional 74,200,015 shares during the period. Putnam Investments LLC raised its stake in Ameren by 133.8% during the 1st quarter. Putnam Investments LLC now owns 4,990,519 shares of the utilities provider’s stock valued at $431,131,000 after acquiring an additional 2,855,894 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its stake 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 valued at $1,051,453,000 after acquiring an additional 2,200,700 shares in the last quarter. State Street Corp raised its stake in Ameren by 8.0% during the 1st quarter. State Street Corp now owns 13,889,994 shares of the utilities provider’s stock valued at $1,302,326,000 after acquiring an additional 1,029,187 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Ameren by 2.3% in 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 in the last quarter. Institutional investors and hedge funds own 77.77% of the company’s stock.

Insider Activity

In other Ameren news, CFO Michael L. Moehn sold 3,155 shares of the business’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $79.63, for a total value of $251,232.65. Following the transaction, the chief financial officer now owns 161,369 shares in the company, valued at $12,849,813.47. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Ameren news, CFO Michael L. Moehn sold 3,244 shares of the business’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $77.28, for a total value of $250,696.32. Following the transaction, the chief financial officer now owns 198,937 shares in the company, valued at $15,373,851.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Michael L. Moehn sold 3,155 shares of the business’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $79.63, for a total value of $251,232.65. Following the completion of the transaction, the chief financial officer now owns 161,369 shares in the company, valued at approximately $12,849,813.47. The disclosure for this sale can be found here. 0.42% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Guggenheim dropped their price objective on Ameren from $85.00 to $75.00 in a research note on Monday, October 9th. JPMorgan Chase & Co. boosted their price objective on Ameren from $94.00 to $95.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 16th. KeyCorp dropped their price objective on Ameren from $91.00 to $82.00 and set an “overweight” rating on the stock in a research note on Thursday, October 5th. Barclays decreased their target price on Ameren from $80.00 to $77.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 24th. Finally, Mizuho decreased their target price on Ameren from $87.00 to $82.00 and set a “neutral” rating on the stock in a report on Friday, August 11th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $86.89.

Ameren Stock Performance

Shares of AEE stock opened at $76.82 on Tuesday. Ameren Co. has a 1-year low of $69.71 and a 1-year high of $92.43. The company has a current ratio of 0.52, a quick ratio of 0.33 and a debt-to-equity ratio of 1.24. The company has a market capitalization of $20.20 billion, a price-to-earnings ratio of 17.46, a P/E/G ratio of 2.65 and a beta of 0.47. The stock’s fifty day simple moving average is $77.04 and its 200-day simple moving average is $80.75.

Ameren (NYSE:AEE) last issued its quarterly earnings results on Thursday, November 9th. The utilities provider reported $1.87 earnings per share for the quarter, beating analysts’ consensus estimates of $1.80 by $0.07. Ameren had a return on equity of 10.67% and a net margin of 14.59%. The business had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $2.40 billion. During the same quarter in the previous year, the company posted $1.74 earnings per share. Ameren’s revenue for the quarter was down 10.7% compared to the same quarter last year. On average, sell-side analysts predict that Ameren Co. will post 4.38 earnings per share for the current fiscal year.

Ameren Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Wednesday, December 13th will be issued a dividend of $0.63 per share. The ex-dividend date is Tuesday, December 12th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 3.28%. Ameren’s dividend payout ratio is 57.27%.

Ameren Company Profile

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 and transmission businesses.