Moloney Securities Asset Management LLC decreased its holdings in shares of Ameren Corp (NYSE:AEE) by 7.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,721 shares of the utilities provider’s stock after selling 320 shares during the quarter. Moloney Securities Asset Management LLC’s holdings in Ameren were worth $298,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in Ameren by 2.1% during the second quarter. Vanguard Group Inc. now owns 30,022,835 shares of the utilities provider’s stock worth $2,255,015,000 after acquiring an additional 624,618 shares during the period. BlackRock Inc. raised its stake in Ameren by 1.1% during the second quarter. BlackRock Inc. now owns 17,025,407 shares of the utilities provider’s stock worth $1,278,779,000 after acquiring an additional 188,320 shares during the period. Invesco Ltd. raised its stake in Ameren by 7.0% during the second quarter. Invesco Ltd. now owns 3,113,002 shares of the utilities provider’s stock worth $233,818,000 after acquiring an additional 204,212 shares during the period. Pictet Asset Management Ltd. raised its stake in Ameren by 20.4% during the second quarter. Pictet Asset Management Ltd. now owns 2,150,975 shares of the utilities provider’s stock worth $161,560,000 after acquiring an additional 365,135 shares during the period. Finally, California Public Employees Retirement System raised its stake in Ameren by 9.6% during the third quarter. California Public Employees Retirement System now owns 2,015,950 shares of the utilities provider’s stock worth $161,377,000 after acquiring an additional 176,856 shares during the period. Hedge funds and other institutional investors own 70.89% of the company’s stock.

Shares of NYSE:AEE traded down $0.87 during trading hours on Friday, hitting $73.76. The stock had a trading volume of 770,292 shares, compared to its average volume of 1,447,325. The stock’s fifty day simple moving average is $77.67 and its 200 day simple moving average is $75.97. Ameren Corp has a 1-year low of $62.51 and a 1-year high of $80.85. The firm has a market capitalization of $18.43 billion, a price-to-earnings ratio of 21.89, a PEG ratio of 3.59 and a beta of 0.19. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.39 and a current ratio of 0.55.

Ameren (NYSE:AEE) last announced its quarterly earnings results on Friday, November 8th. The utilities provider reported $1.47 EPS for the quarter, beating the consensus estimate of $1.43 by $0.04. Ameren had a net margin of 13.08% and a return on equity of 10.31%. The company had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.79 billion. During the same quarter last year, the business earned $1.50 earnings per share. Ameren’s revenue was down 3.8% compared to the same quarter last year. As a group, research analysts anticipate that Ameren Corp will post 3.25 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Wednesday, December 11th will be issued a $0.495 dividend. The ex-dividend date of this dividend is Tuesday, December 10th. This is a boost from Ameren’s previous quarterly dividend of $0.48. This represents a $1.98 annualized dividend and a dividend yield of 2.68%. Ameren’s dividend payout ratio (DPR) is 56.38%.

Several equities research analysts recently weighed in on the stock. Bank of America upgraded shares of Ameren from a “neutral” rating to a “buy” rating in a research note on Tuesday, September 17th. They noted that the move was a valuation call. UBS Group upgraded shares of Ameren from a “neutral” rating to a “buy” rating and raised their price target for the company from $83.00 to $86.00 in a research note on Tuesday, October 29th. ValuEngine lowered shares of Ameren from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Morgan Stanley raised their price target on shares of Ameren from $78.00 to $82.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 25th. Finally, SunTrust Banks dropped their price target on shares of Ameren from $84.00 to $81.00 and set a “hold” rating on the stock in a research note on Wednesday, October 16th. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $78.83.

About Ameren

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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Institutional Ownership by Quarter for Ameren (NYSE:AEE)

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