Ameren Corporation $AEE Shares Sold by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. reduced its stake in shares of Ameren Corporation (NYSE:AEE) by 12.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 42,900 shares of the utilities provider’s stock after selling 6,300 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Ameren were worth $4,284,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Caitong International Asset Management Co. Ltd lifted its stake in shares of Ameren by 285.5% in the third quarter. Caitong International Asset Management Co. Ltd now owns 266 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 197 shares during the period. Harel Insurance Investments & Financial Services Ltd. acquired a new position in Ameren during the third quarter worth about $29,000. Osterweis Capital Management Inc. increased its holdings in Ameren by 6,040.0% in the second quarter. Osterweis Capital Management Inc. now owns 307 shares of the utilities provider’s stock valued at $29,000 after buying an additional 302 shares in the last quarter. Wiser Advisor Group LLC purchased a new position in Ameren in the third quarter valued at about $35,000. Finally, Sunbelt Securities Inc. acquired a new stake in shares of Ameren during the 3rd quarter valued at approximately $37,000. 79.09% of the stock is owned by institutional investors and hedge funds.

Ameren Trading Up 0.8%

Shares of Ameren stock opened at $111.71 on Friday. Ameren Corporation has a 1 year low of $91.77 and a 1 year high of $113.93. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.66 and a quick ratio of 0.46. The business has a 50 day moving average price of $108.65 and a 200 day moving average price of $104.40. The company has a market capitalization of $30.90 billion, a P/E ratio of 20.88, a P/E/G ratio of 2.25 and a beta of 0.52.

Ameren (NYSE:AEE) last announced its earnings results on Wednesday, February 11th. The utilities provider reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.01. The firm had revenue of $1.78 billion for the quarter, compared to analysts’ expectations of $1.69 billion. Ameren had a return on equity of 10.69% and a net margin of 16.55%.Ameren’s quarterly revenue was down 8.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.77 EPS. Sell-side analysts anticipate that Ameren Corporation will post 4.93 EPS for the current fiscal year.

Ameren Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 10th were given a dividend of $0.75 per share. The ex-dividend date was Tuesday, March 10th. This represents a $3.00 dividend on an annualized basis and a yield of 2.7%. This is a boost from Ameren’s previous quarterly dividend of $0.71. Ameren’s dividend payout ratio (DPR) is 56.07%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on AEE shares. Weiss Ratings reissued a “buy (b)” rating on shares of Ameren in a research note on Monday, December 29th. UBS Group lifted their price objective on Ameren from $125.00 to $127.00 and gave the stock a “buy” rating in a report on Friday, February 20th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $116.00 target price on shares of Ameren in a research report on Friday, January 23rd. Wall Street Zen raised Ameren from a “sell” rating to a “hold” rating in a report on Saturday, March 21st. Finally, Wells Fargo & Company raised their price target on Ameren from $111.00 to $113.00 and gave the company an “overweight” rating in a research report on Friday, February 13th. Six research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $113.45.

Insiders Place Their Bets

In related news, insider Michael L. Moehn sold 6,500 shares of the business’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $103.60, for a total value of $673,400.00. Following the completion of the transaction, the insider owned 193,076 shares of the company’s stock, valued at approximately $20,002,673.60. The trade was a 3.26% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.42% of the company’s stock.

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.