Ameren Corp (AEE) Shares Sold by Bank of Nova Scotia
Bank of Nova Scotia reduced its holdings in shares of Ameren Corp (NYSE:AEE) by 13.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,370 shares of the utilities provider’s stock after selling 4,232 shares during the quarter. Bank of Nova Scotia’s holdings in Ameren were worth $1,665,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in AEE. Millennium Management LLC boosted its stake in shares of Ameren by 178.9% during the 1st quarter. Millennium Management LLC now owns 5,519,198 shares of the utilities provider’s stock valued at $312,552,000 after buying an additional 3,540,226 shares during the last quarter. Cornerstone Wealth Management LLC boosted its stake in shares of Ameren by 6,321.1% during the 2nd quarter. Cornerstone Wealth Management LLC now owns 1,656,313 shares of the utilities provider’s stock valued at $27,055,000 after buying an additional 1,630,518 shares during the last quarter. Vaughan Nelson Investment Management L.P. purchased a new position in shares of Ameren during the 2nd quarter valued at approximately $47,726,000. Voya Investment Management LLC boosted its stake in shares of Ameren by 48.7% during the 2nd quarter. Voya Investment Management LLC now owns 2,145,187 shares of the utilities provider’s stock valued at $130,535,000 after buying an additional 702,145 shares during the last quarter. Finally, American Century Companies Inc. boosted its stake in shares of Ameren by 74.5% during the 2nd quarter. American Century Companies Inc. now owns 1,638,070 shares of the utilities provider’s stock valued at $99,677,000 after buying an additional 699,582 shares during the last quarter. Institutional investors own 70.42% of the company’s stock.
Shares of AEE opened at $62.57 on Friday. Ameren Corp has a 12-month low of $51.89 and a 12-month high of $66.11. The firm has a market cap of $15.38 billion, a P/E ratio of 22.19, a PEG ratio of 2.93 and a beta of 0.21. The company has a current ratio of 0.62, a quick ratio of 0.45 and a debt-to-equity ratio of 1.01.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Wednesday, September 12th will be given a $0.4575 dividend. This represents a $1.83 annualized dividend and a yield of 2.92%. The ex-dividend date of this dividend is Tuesday, September 11th. Ameren’s dividend payout ratio is presently 64.66%.
Several equities analysts recently issued reports on AEE shares. Morgan Stanley reduced their price objective on Ameren from $61.00 to $57.00 and set an “equal weight” rating on the stock in a research note on Wednesday, June 13th. Wells Fargo & Co raised their price objective on Ameren from $67.00 to $71.00 and gave the stock an “outperform” rating in a research note on Monday, September 17th. Goldman Sachs Group restated a “neutral” rating on shares of Ameren in a research note on Friday, June 1st. SunTrust Banks started coverage on Ameren in a research note on Wednesday. They set a “hold” rating and a $64.00 price objective on the stock. Finally, Barclays started coverage on Ameren in a research note on Tuesday, July 10th. They set an “equal weight” rating and a $63.00 price objective on the stock. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $64.56.
Ameren Corporation operates as a public utility holding company in the United States. It operates through four segments: Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, and Ameren Transmission. The company engages in the rate-regulated electric generation, transmission, and distribution activities; and rate-regulated natural gas distribution and transmission businesses.
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