Toronto Dominion Bank Has $6.17 Million Holdings in Ameren Corp (AEE)

Toronto Dominion Bank raised its stake in shares of Ameren Corp (NYSE:AEE) by 13.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 104,517 shares of the utilities provider’s stock after purchasing an additional 12,480 shares during the period. Toronto Dominion Bank’s holdings in Ameren were worth $6,166,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. QUANTRES ASSET MANAGEMENT Ltd acquired a new position in Ameren during the 4th quarter valued at about $1,068,000. Vident Investment Advisory LLC boosted its stake in Ameren by 21.4% during the 3rd quarter. Vident Investment Advisory LLC now owns 52,517 shares of the utilities provider’s stock valued at $3,038,000 after purchasing an additional 9,275 shares during the last quarter. AXA boosted its stake in Ameren by 46.8% during the 3rd quarter. AXA now owns 150,896 shares of the utilities provider’s stock valued at $8,727,000 after purchasing an additional 48,083 shares during the last quarter. Hexavest Inc. boosted its stake in Ameren by 2.0% during the 4th quarter. Hexavest Inc. now owns 423,357 shares of the utilities provider’s stock valued at $24,974,000 after purchasing an additional 8,495 shares during the last quarter. Finally, Empire Life Investments Inc. bought a new position in shares of Ameren during the 3rd quarter worth approximately $8,968,000. Institutional investors and hedge funds own 69.68% of the company’s stock.

In other news, SVP Gregory L. Nelson sold 12,000 shares of the business’s stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $62.68, for a total transaction of $752,160.00. Following the completion of the transaction, the senior vice president now directly owns 36,785 shares in the company, valued at approximately $2,305,683.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.38% of the stock is owned by insiders.

Several equities analysts have commented on the stock. UBS Group assumed coverage on shares of Ameren in a research report on Friday, February 2nd. They set a “neutral” rating and a $57.00 target price on the stock. Zacks Investment Research raised shares of Ameren from a “sell” rating to a “hold” rating in a research report on Tuesday, November 7th. Bank of America assumed coverage on shares of Ameren in a research report on Tuesday, October 24th. They set a “neutral” rating and a $62.00 target price on the stock. ValuEngine raised shares of Ameren from a “hold” rating to a “buy” rating in a research report on Wednesday, November 15th. Finally, Morgan Stanley set a $53.00 target price on shares of Ameren and gave the stock a “sell” rating in a research report on Tuesday, February 13th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $56.20.

Shares of Ameren Corp (NYSE:AEE) opened at $56.32 on Tuesday. The company has a quick ratio of 0.37, a current ratio of 0.55 and a debt-to-equity ratio of 0.97. Ameren Corp has a 1-year low of $51.89 and a 1-year high of $64.89. The company has a market cap of $13,665.19, a P/E ratio of 26.20, a P/E/G ratio of 2.62 and a beta of 0.28.

Ameren (NYSE:AEE) last issued its earnings results on Friday, February 16th. The utilities provider reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.05. The business had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.60 billion. Ameren had a net margin of 8.47% and a return on equity of 9.43%. The business’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.13 EPS. analysts expect that Ameren Corp will post 3.03 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Wednesday, March 14th will be given a dividend of $0.4575 per share. 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 3.25%. Ameren’s dividend payout ratio (DPR) is currently 85.12%.

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Ameren Company Profile

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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Institutional Ownership by Quarter for Ameren (NYSE:AEE)

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