Gateway Investment Advisers LLC lifted its stake in shares of Ameren Corp (NYSE:AEE) by 13.8% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 481,170 shares of the utilities provider’s stock after purchasing an additional 58,364 shares during the quarter. Gateway Investment Advisers LLC’s holdings in Ameren were worth $28,384,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. C M Bidwell & Associates Ltd. increased its holdings in shares of Ameren by 1.0% during the second quarter. C M Bidwell & Associates Ltd. now owns 4,345 shares of the utilities provider’s stock worth $238,000 after buying an additional 45 shares in the last quarter. Veritable L.P. increased its holdings in shares of Ameren by 0.3% during the second quarter. Veritable L.P. now owns 18,393 shares of the utilities provider’s stock worth $1,006,000 after buying an additional 52 shares in the last quarter. Nordea Investment Management AB increased its holdings in shares of Ameren by 0.8% during the second quarter. Nordea Investment Management AB now owns 11,658 shares of the utilities provider’s stock worth $637,000 after buying an additional 93 shares in the last quarter. Ropes Wealth Advisors LLC increased its holdings in shares of Ameren by 2.7% during the second quarter. Ropes Wealth Advisors LLC now owns 5,593 shares of the utilities provider’s stock worth $306,000 after buying an additional 149 shares in the last quarter. Finally, Thrivent Financial For Lutherans increased its holdings in shares of Ameren by 1.7% during the second quarter. Thrivent Financial For Lutherans now owns 9,559 shares of the utilities provider’s stock worth $523,000 after buying an additional 159 shares in the last quarter. Institutional investors own 70.49% of the company’s stock.

Shares of Ameren Corp (NYSE:AEE) opened at $55.79 on Thursday. The firm has a market capitalization of $13,456.53, a price-to-earnings ratio of 22.14, a P/E/G ratio of 2.60 and a beta of 0.37. Ameren Corp has a 1-year low of $51.35 and a 1-year high of $64.89. The company has a quick ratio of 0.40, a current ratio of 0.61 and a debt-to-equity ratio of 0.92.

Ameren (NYSE:AEE) last posted its quarterly earnings data 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 analyst estimates of $1.87 billion. Ameren had a net margin of 10.03% and a return on equity of 8.61%. The business’s revenue for the quarter was down 7.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.52 earnings per share. equities analysts anticipate that Ameren Corp will post 2.8 EPS for the current fiscal year.

A number of analysts recently weighed in on the company. Zacks Investment Research downgraded Ameren from a “hold” rating to a “sell” rating in a report on Friday, January 5th. KeyCorp restated a “hold” rating on shares of Ameren in a report on Friday, October 20th. ValuEngine downgraded Ameren from a “buy” rating to a “hold” rating in a report on Monday, December 4th. Morgan Stanley downgraded Ameren from an “equal weight” rating to an “underweight” rating and set a $61.00 price objective for the company. in a report on Wednesday, December 13th. Finally, Bank of America assumed coverage on Ameren in a report on Tuesday, October 24th. They issued a “neutral” rating and a $62.00 price objective for the company. Two analysts have rated the stock with a sell rating, six have given a hold rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $56.80.

In other Ameren news, SVP Gregory L. Nelson sold 12,000 shares of the company’s stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $62.68, for a total transaction of $752,160.00. Following the sale, the senior vice president now owns 36,785 shares of the company’s stock, valued at $2,305,683.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.38% of the company’s stock.

WARNING: “Ameren Corp (AEE) Shares Bought by Gateway Investment Advisers LLC” was posted by Watch List News and is owned by of Watch List News. If you are reading this piece on another site, it was illegally stolen and republished in violation of international trademark & copyright legislation. The original version of this piece can be viewed at https://www.watchlistnews.com/ameren-corp-aee-shares-bought-by-gateway-investment-advisers-llc/1811841.html.

Ameren Company 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.

Want to see what other hedge funds are holding AEE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ameren Corp (NYSE:AEE).

Institutional Ownership by Quarter for Ameren (NYSE:AEE)

Receive News & Ratings for Ameren Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ameren and related companies with MarketBeat.com's FREE daily email newsletter.