Amica Mutual Insurance Co. cut its position in shares of Ameren Corp (NYSE:AEE) by 33.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,509 shares of the utilities provider’s stock after selling 4,251 shares during the period. Amica Mutual Insurance Co.’s holdings in Ameren were worth $502,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. increased its stake in shares of Ameren by 0.9% during the 4th quarter. BlackRock Inc. now owns 16,644,375 shares of the utilities provider’s stock worth $981,851,000 after purchasing an additional 144,146 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of Ameren by 12.9% during the 3rd quarter. Wells Fargo & Company MN now owns 4,478,768 shares of the utilities provider’s stock worth $259,053,000 after purchasing an additional 511,854 shares during the last quarter. APG Asset Management N.V. increased its stake in shares of Ameren by 27.6% during the 4th quarter. APG Asset Management N.V. now owns 4,419,198 shares of the utilities provider’s stock worth $217,096,000 after purchasing an additional 956,400 shares during the last quarter. Janus Henderson Group PLC increased its stake in shares of Ameren by 15.1% during the 3rd quarter. Janus Henderson Group PLC now owns 2,244,596 shares of the utilities provider’s stock worth $129,828,000 after purchasing an additional 293,658 shares during the last quarter. Finally, Legal & General Group Plc increased its stake in shares of Ameren by 4.5% during the 3rd quarter. Legal & General Group Plc now owns 2,057,966 shares of the utilities provider’s stock worth $119,034,000 after purchasing an additional 87,892 shares during the last quarter. Institutional investors own 69.68% of the company’s stock.
Several research analysts have recently weighed in on AEE shares. Morgan Stanley lowered shares of Ameren from an “equal weight” rating to an “underweight” rating and set a $61.00 price objective on the stock. in a research note on Wednesday, December 13th. Zacks Investment Research lowered shares of Ameren from a “hold” rating to a “sell” rating in a research note on Friday, January 5th. ValuEngine upgraded shares of Ameren from a “hold” rating to a “buy” rating in a research note on Wednesday, November 15th. Finally, UBS Group boosted their price objective on shares of Ameren from $54.00 to $57.00 and gave the stock a “neutral” rating in a research note on Wednesday. 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 stock. Ameren has a consensus rating of “Hold” and an average target price of $56.20.
Shares of Ameren Corp (AEE) opened at $56.35 on Friday. The company has a market cap of $13,243.53, a PE ratio of 26.21, a P/E/G ratio of 2.61 and a beta of 0.28. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.37 and a current ratio of 0.55. Ameren Corp has a twelve month low of $51.89 and a twelve month high of $64.89.
Ameren (NYSE:AEE) last announced its earnings results on Friday, February 16th. The utilities provider reported $0.39 EPS for the quarter, topping the consensus estimate of $0.34 by $0.05. The business had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.60 billion. Ameren had a net margin of 8.47% and a return on equity of 9.43%. Ameren’s revenue 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 forecast that Ameren Corp will post 3.02 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Wednesday, March 14th will be issued a dividend of $0.4575 per share. This represents a $1.83 annualized dividend and a dividend yield of 3.25%. The ex-dividend date of this dividend is Tuesday, March 13th. Ameren’s payout ratio is 85.12%.
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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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