Schroder Investment Management Group Has $30.65 Million Stock Position in Ameren Corporation $AEE

Schroder Investment Management Group lowered its position in shares of Ameren Corporation (NYSE:AEE) by 6.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 296,005 shares of the utilities provider’s stock after selling 19,362 shares during the quarter. Schroder Investment Management Group owned approximately 0.11% of Ameren worth $30,651,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Harel Insurance Investments & Financial Services Ltd. bought a new position in Ameren in the third quarter valued at about $29,000. Osterweis Capital Management Inc. raised its holdings in Ameren by 6,040.0% during the 2nd quarter. Osterweis Capital Management Inc. now owns 307 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 302 shares during the last quarter. Addison Advisors LLC raised its holdings in Ameren by 728.9% during the 2nd quarter. Addison Advisors LLC now owns 315 shares of the utilities provider’s stock worth $30,000 after purchasing an additional 277 shares during the last quarter. Hantz Financial Services Inc. lifted its position in Ameren by 30.9% during the 3rd quarter. Hantz Financial Services Inc. now owns 474 shares of the utilities provider’s stock valued at $49,000 after purchasing an additional 112 shares during the period. Finally, Root Financial Partners LLC acquired a new position in Ameren during the 3rd quarter valued at about $54,000. Institutional investors and hedge funds own 79.09% of the company’s stock.

Ameren Price Performance

AEE opened at $109.31 on Thursday. The company has a quick ratio of 0.46, a current ratio of 0.66 and a debt-to-equity ratio of 1.35. Ameren Corporation has a 12 month low of $91.77 and a 12 month high of $113.64. The company has a fifty day simple moving average of $106.07 and a 200 day simple moving average of $103.37. The stock has a market cap of $30.22 billion, a P/E ratio of 20.43, a P/E/G ratio of 2.24 and a beta of 0.56.

Ameren (NYSE:AEE) last issued its quarterly earnings data on Wednesday, February 11th. The utilities provider reported $0.78 EPS for the quarter, topping the consensus estimate of $0.77 by $0.01. Ameren had a return on equity of 10.69% and a net margin of 16.55%.The business had revenue of $1.78 billion for the quarter, compared to the consensus estimate of $1.69 billion. During the same quarter last year, the business posted $0.77 EPS. The firm’s revenue was down 8.2% compared to the same quarter last year. On average, research analysts expect that Ameren Corporation will post 4.93 EPS for the current year.

Ameren Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 10th will be given a dividend of $0.75 per share. This is an increase from Ameren’s previous quarterly dividend of $0.71. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Tuesday, March 10th. Ameren’s payout ratio is 56.07%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on AEE. JPMorgan Chase & Co. lifted their price target on shares of Ameren from $108.00 to $111.00 and gave the stock a “neutral” rating in a research report on Thursday, January 15th. Morgan Stanley set a $116.00 price objective on shares of Ameren in a report on Friday, February 20th. UBS Group raised their price objective on shares of Ameren from $125.00 to $127.00 and gave the company a “buy” rating in a research note on Friday, February 20th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Ameren in a report on Monday, December 29th. Finally, BMO Capital Markets upped their target price on shares of Ameren from $112.00 to $120.00 and gave the company an “outperform” rating in a research report on Friday, February 13th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $113.30.

Insider Buying and Selling at Ameren

In other news, insider Michael L. Moehn sold 6,500 shares of Ameren stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $103.60, for a total transaction of $673,400.00. Following the transaction, the insider owned 193,076 shares in the company, valued at $20,002,673.60. The trade was a 3.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.42% of the stock is owned by company insiders.

Ameren Profile

Ameren Corporation (NYSE: AEE) is an integrated energy company headquartered in St. Louis, Missouri, that provides electric and natural gas delivery and related services in portions of Missouri and Illinois. The company operates regulated utility businesses that serve a broad mix of residential, commercial and industrial customers, and it participates in wholesale energy markets and transmission operations that support reliable service across its service territories.

Ameren’s core activities include generation, transmission and distribution of electricity, distribution of natural gas, and the provision of customer energy solutions such as demand-side management and energy efficiency programs.