Deutsche Bank AG lowered its stake in Ameren Corp (NYSE:AEE) by 4.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 558,169 shares of the utilities provider’s stock after selling 27,409 shares during the period. Deutsche Bank AG owned approximately 0.23% of Ameren worth $32,924,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Brandywine Global Investment Management LLC increased its position in shares of Ameren by 3.1% in the fourth quarter. Brandywine Global Investment Management LLC now owns 219,579 shares of the utilities provider’s stock worth $12,953,000 after purchasing an additional 6,560 shares during the period. Castleton Investment Management LLC increased its position in shares of Ameren by 10.9% in the fourth quarter. Castleton Investment Management LLC now owns 271,893 shares of the utilities provider’s stock worth $16,039,000 after purchasing an additional 26,723 shares during the period. MANA Advisors LLC bought a new position in shares of Ameren in the fourth quarter worth $277,000. Renaissance Technologies LLC increased its position in shares of Ameren by 25.7% in the fourth quarter. Renaissance Technologies LLC now owns 3,180,400 shares of the utilities provider’s stock worth $187,612,000 after purchasing an additional 650,200 shares during the period. Finally, Focused Wealth Management Inc bought a new position in shares of Ameren in the fourth quarter worth $165,000. Institutional investors own 69.76% of the company’s stock.
A number of brokerages recently commented on AEE. UBS raised their price target on Ameren from $54.00 to $57.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 21st. Zacks Investment Research upgraded Ameren from a “sell” rating to a “hold” rating in a research report on Tuesday, February 13th. Morgan Stanley set a $53.00 price target on Ameren and gave the stock a “sell” rating in a research report on Tuesday, February 13th. Finally, ValuEngine cut Ameren from a “buy” rating to a “hold” rating in a research report on Monday, December 4th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $56.20.
Ameren stock opened at $55.49 on Monday. Ameren Corp has a 12-month low of $51.89 and a 12-month high of $64.89. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.55 and a quick ratio of 0.37. The stock has a market capitalization of $13,463.81, a PE ratio of 19.54, a price-to-earnings-growth ratio of 2.65 and a beta of 0.32.
Ameren (NYSE:AEE) last released its earnings results on Friday, February 16th. The utilities provider reported $0.39 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.05. Ameren had a return on equity of 9.43% and a net margin of 8.47%. The firm had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.60 billion. During the same quarter in the previous year, the business posted $0.13 earnings per share. The business’s revenue for the quarter was up 3.4% on a year-over-year basis. equities research analysts forecast that Ameren Corp will post 3.03 EPS for the current year.
The firm also recently announced 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. This represents a $1.83 dividend on an annualized basis and a yield of 3.30%. The ex-dividend date of this dividend is Tuesday, March 13th. Ameren’s dividend payout ratio is presently 85.12%.
In other Ameren news, CAO Bruce A. Steinke sold 1,952 shares of Ameren stock in a transaction dated Thursday, March 1st. The stock was sold at an average price of $54.28, for a total value of $105,954.56. Following the transaction, the chief accounting officer now owns 41,120 shares in the company, valued at $2,231,993.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Martin J. Lyons sold 13,111 shares of Ameren stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $54.52, for a total value of $714,811.72. The disclosure for this sale can be found here. In the last quarter, insiders sold 16,986 shares of company stock worth $925,147. Company insiders own 0.38% of the company’s stock.
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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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