Chevy Chase Trust Holdings Inc. increased its position in shares of Ameren Corp (NYSE:AEE) by 1.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 213,170 shares of the utilities provider’s stock after acquiring an additional 2,572 shares during the period. Chevy Chase Trust Holdings Inc. owned approximately 0.09% of Ameren worth $12,330,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Bessemer Group Inc. acquired a new position in Ameren during the second quarter worth about $111,000. Moisand Fitzgerald Tamayo LLC acquired a new position in Ameren during the third quarter worth about $116,000. Cable Hill Partners LLC grew its holdings in Ameren by 400.2% during the third quarter. Cable Hill Partners LLC now owns 2,031 shares of the utilities provider’s stock worth $117,000 after acquiring an additional 1,625 shares during the period. Seizert Capital Partners LLC acquired a new position in Ameren during the third quarter worth about $201,000. Finally, Zeke Capital Advisors LLC acquired a new position in Ameren during the third quarter worth about $201,000. 70.54% of the stock is currently owned by hedge funds and other institutional investors.

In other Ameren news, SVP Gregory L. Nelson sold 12,000 shares of the firm’s stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $62.68, for a total transaction of $752,160.00. Following the completion of the sale, the senior vice president now directly 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 at this hyperlink. Company insiders own 0.38% of the company’s stock.

A number of research firms recently issued reports on AEE. Zacks Investment Research lowered Ameren from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. Bank of America began coverage on Ameren in a research note on Tuesday, October 24th. They issued a “neutral” rating and a $62.00 price target on the stock. ValuEngine raised Ameren from a “hold” rating to a “buy” rating in a research note on Wednesday, November 15th. BidaskClub raised Ameren from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 26th. Finally, Morgan Stanley reissued an “equal weight” rating on shares of Ameren in a research note on Friday, September 8th. Two investment 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 an average rating of “Hold” and an average target price of $56.80.

Ameren Corp (AEE) opened at $61.25 on Thursday. The firm has a market capitalization of $14,888.07, a PE ratio of 23.78, a P/E/G ratio of 3.27 and a beta of 0.36. Ameren Corp has a 12 month low of $50.36 and a 12 month high of $64.89. 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 (NYSE:AEE) last issued its quarterly earnings results on Friday, November 3rd. The utilities provider reported $1.24 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.31 by ($0.07). The company had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.87 billion. Ameren had a return on equity of 8.61% and a net margin of 10.03%. The company’s revenue for the quarter was down 7.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.52 EPS. analysts expect that Ameren Corp will post 2.81 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Wednesday, December 13th will be given a dividend of $0.4575 per share. The ex-dividend date of this dividend is Tuesday, December 12th. This is a positive change from Ameren’s previous quarterly dividend of $0.44. This represents a $1.83 dividend on an annualized basis and a yield of 2.99%. Ameren’s dividend payout ratio (DPR) is presently 69.84%.

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Ameren 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.

Institutional Ownership by Quarter for Ameren (NYSE:AEE)

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