Meritage Portfolio Management lessened its stake in shares of Ameren Corp (NYSE:AEE) by 1.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 114,478 shares of the utilities provider’s stock after selling 2,235 shares during the quarter. Meritage Portfolio Management’s holdings in Ameren were worth $6,753,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in AEE. Thrivent Financial For Lutherans boosted its stake in shares of Ameren by 1.7% during the 2nd quarter. Thrivent Financial For Lutherans now owns 9,559 shares of the utilities provider’s stock worth $523,000 after acquiring an additional 159 shares in the last quarter. Pinebridge Investments L.P. boosted its stake in Ameren by 161.3% during the 2nd quarter. Pinebridge Investments L.P. now owns 8,938 shares of the utilities provider’s stock valued at $489,000 after purchasing an additional 5,517 shares during the period. FMR LLC boosted its stake in Ameren by 0.4% during the 2nd quarter. FMR LLC now owns 212,312 shares of the utilities provider’s stock valued at $11,608,000 after purchasing an additional 919 shares during the period. M&T Bank Corp boosted its stake in Ameren by 4.2% during the 2nd quarter. M&T Bank Corp now owns 12,520 shares of the utilities provider’s stock valued at $685,000 after purchasing an additional 500 shares during the period. Finally, Nordea Investment Management AB boosted its stake in Ameren by 0.8% during the 2nd quarter. Nordea Investment Management AB now owns 11,658 shares of the utilities provider’s stock valued at $637,000 after purchasing an additional 93 shares during the period. Institutional investors own 69.99% of the company’s stock.
Shares of Ameren Corp (AEE) traded down $0.35 during mid-day trading on Tuesday, hitting $54.72. The company’s stock had a trading volume of 236,573 shares, compared to its average volume of 1,780,301. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.61 and a quick ratio of 0.40. Ameren Corp has a 52 week low of $51.81 and a 52 week high of $64.89. The company has a market cap of $13,446.82, a P/E ratio of 21.85, a P/E/G ratio of 2.60 and a beta of 0.28.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Wednesday, March 14th will be given a $0.4575 dividend. The ex-dividend date of this dividend is Tuesday, March 13th. This represents a $1.83 dividend on an annualized basis and a dividend yield of 3.34%. Ameren’s dividend payout ratio is currently 72.62%.
In other Ameren news, SVP Gregory L. Nelson sold 12,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $62.68, for a total value of $752,160.00. Following the completion of the sale, the senior vice president now owns 36,785 shares in the company, valued at approximately $2,305,683.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.38% of the stock is currently owned by company insiders.
Several analysts recently weighed in on the company. UBS Group assumed coverage on Ameren in a research note on Friday, February 2nd. They set a “neutral” rating and a $57.00 target price for the company. Zacks Investment Research upgraded Ameren from a “sell” rating to a “hold” rating in a research note on Tuesday, November 7th. Bank of America assumed coverage on Ameren in a research note on Tuesday, October 24th. They set a “neutral” rating and a $62.00 target price for the company. ValuEngine upgraded Ameren from a “hold” rating to a “buy” rating in a research note on Wednesday, November 15th. Finally, KeyCorp restated a “hold” rating on shares of Ameren in a research note on Friday, October 20th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a strong buy rating to the company. Ameren currently has an average rating of “Hold” and an average target price of $56.20.
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Ameren Corporation is a utility holding company. The Company’s subsidiaries include Ameren Missouri, Ameren Illinois and Ameren Transmission Company (ATXI). It operates through four segments. The Ameren Missouri segment includes all of the operations of Ameren Missouri. The Ameren Illinois Electric Distribution segment consists of the electric distribution business of Ameren Illinois.
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