California State Teachers Retirement System lowered its position in Ameren Corporation (NYSE:AEE) by 10.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 447,476 shares of the utilities provider’s stock after selling 50,682 shares during the period. California State Teachers Retirement System owned about 0.18% of Ameren Corporation worth $24,464,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of AEE. AXA raised its position in shares of Ameren Corporation by 31.9% in the first quarter. AXA now owns 14,513 shares of the utilities provider’s stock worth $793,000 after acquiring an additional 3,513 shares during the period. OppenheimerFunds Inc. raised its position in shares of Ameren Corporation by 23.3% in the first quarter. OppenheimerFunds Inc. now owns 286,132 shares of the utilities provider’s stock worth $15,620,000 after acquiring an additional 53,992 shares during the period. Principal Financial Group Inc. raised its position in shares of Ameren Corporation by 1.2% in the first quarter. Principal Financial Group Inc. now owns 381,672 shares of the utilities provider’s stock worth $20,836,000 after acquiring an additional 4,576 shares during the period. FMR LLC raised its position in shares of Ameren Corporation by 61.2% in the first quarter. FMR LLC now owns 211,393 shares of the utilities provider’s stock worth $11,541,000 after acquiring an additional 80,249 shares during the period. Finally, Ngam Advisors L.P. raised its position in shares of Ameren Corporation by 57.3% in the first quarter. Ngam Advisors L.P. now owns 37,363 shares of the utilities provider’s stock worth $2,040,000 after acquiring an additional 13,603 shares during the period. Institutional investors and hedge funds own 69.78% of the company’s stock.

A number of brokerages have weighed in on AEE. BidaskClub upgraded shares of Ameren Corporation from a “hold” rating to a “buy” rating in a research report on Friday, August 11th. Morgan Stanley upped their price objective on shares of Ameren Corporation from $56.00 to $57.00 and gave the stock an “overweight” rating in a research report on Thursday, August 10th. Zacks Investment Research downgraded shares of Ameren Corporation from a “buy” rating to a “hold” rating in a research report on Monday, September 11th. Finally, Goldman Sachs Group, Inc. (The) downgraded shares of Ameren Corporation from a “neutral” rating to a “sell” rating and set a $51.00 price objective for the company. in a research report on Monday, June 26th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $54.50.

Ameren Corporation (AEE) opened at 60.41 on Monday. The company’s 50 day moving average is $59.36 and its 200 day moving average is $56.81. Ameren Corporation has a 52-week low of $46.97 and a 52-week high of $60.91. The firm has a market cap of $14.66 billion, a P/E ratio of 22.54 and a beta of 0.36.

Ameren Corporation (NYSE:AEE) last announced its quarterly earnings data on Friday, August 4th. The utilities provider reported $0.79 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.10. Ameren Corporation had a net margin of 11.11% and a return on equity of 9.57%. The firm had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.42 billion. During the same quarter last year, the business earned $0.61 earnings per share. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. Equities research analysts forecast that Ameren Corporation will post $2.80 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Wednesday, December 13th will be paid a $0.4575 dividend. This is a boost from Ameren Corporation’s previous quarterly dividend of $0.44. This represents a $1.83 annualized dividend and a dividend yield of 3.03%. Ameren Corporation’s dividend payout ratio (DPR) is 61.54%.

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Ameren Corporation 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.

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Institutional Ownership by Quarter for Ameren Corporation (NYSE:AEE)

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