Keb Asset Management LLC Grows Stock Holdings in Ameren Co. (NYSE:AEE)

Keb Asset Management LLC boosted its holdings in Ameren Co. (NYSE:AEEFree Report) by 2.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,822 shares of the utilities provider’s stock after buying an additional 355 shares during the quarter. Ameren makes up about 0.4% of Keb Asset Management LLC’s holdings, making the stock its 27th largest position. Keb Asset Management LLC’s holdings in Ameren were worth $1,000,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Pacer Advisors Inc. boosted its position in shares of Ameren by 245.5% in the 4th quarter. Pacer Advisors Inc. now owns 56,575 shares of the utilities provider’s stock valued at $4,093,000 after purchasing an additional 40,202 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Ameren by 1.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 898,638 shares of the utilities provider’s stock valued at $65,007,000 after acquiring an additional 12,431 shares during the period. Oak Thistle LLC acquired a new position in shares of Ameren in the 4th quarter valued at $1,168,000. BNP Paribas Financial Markets raised its position in Ameren by 83.9% in the 4th quarter. BNP Paribas Financial Markets now owns 264,835 shares of the utilities provider’s stock valued at $19,158,000 after purchasing an additional 120,849 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Ameren by 2.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,519,074 shares of the utilities provider’s stock worth $109,890,000 after purchasing an additional 38,311 shares during the period. 79.09% of the stock is owned by institutional investors and hedge funds.

Ameren Trading Up 2.6 %

NYSE:AEE traded up $1.86 during trading hours on Friday, reaching $73.37. 3,160,448 shares of the company were exchanged, compared to its average volume of 1,943,870. Ameren Co. has a 52-week low of $67.03 and a 52-week high of $88.72. The stock has a 50 day simple moving average of $73.30 and a 200 day simple moving average of $72.93. The firm has a market cap of $19.57 billion, a price-to-earnings ratio of 16.87, a PEG ratio of 2.56 and a beta of 0.44. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.59 and a quick ratio of 0.40.

Ameren (NYSE:AEEGet Free Report) last posted its quarterly earnings results on Thursday, May 9th. The utilities provider reported $0.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.08). The firm had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $2.19 billion. Ameren had a net margin of 15.84% and a return on equity of 10.20%. Ameren’s revenue was down 11.9% on a year-over-year basis. During the same period last year, the firm posted $1.00 EPS. As a group, analysts predict that Ameren Co. will post 4.58 EPS for the current year.

Ameren Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Wednesday, June 12th will be paid a dividend of $0.67 per share. The ex-dividend date is Wednesday, June 12th. This represents a $2.68 annualized dividend and a yield of 3.65%. Ameren’s dividend payout ratio is currently 61.61%.

Insider Transactions at Ameren

In other Ameren news, CEO Martin J. Lyons sold 7,270 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $70.70, for a total transaction of $513,989.00. Following the transaction, the chief executive officer now owns 246,434 shares in the company, valued at $17,422,883.80. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Ameren news, EVP Mark C. Lindgren sold 4,000 shares of the company’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $75.53, for a total value of $302,120.00. Following the completion of the transaction, the executive vice president now directly owns 43,935 shares of the company’s stock, valued at approximately $3,318,410.55. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Martin J. Lyons sold 7,270 shares of the stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $70.70, for a total transaction of $513,989.00. Following the transaction, the chief executive officer now directly owns 246,434 shares in the company, valued at approximately $17,422,883.80. The disclosure for this sale can be found here. Insiders sold 12,900 shares of company stock valued at $931,350 over the last 90 days. Corporate insiders own 0.42% of the company’s stock.

Wall Street Analysts Forecast Growth

AEE has been the topic of a number of recent research reports. Barclays upgraded shares of Ameren from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $73.00 to $77.00 in a research note on Thursday. Morgan Stanley increased their price objective on Ameren from $69.00 to $76.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 28th. Bank of America upped their price target on Ameren from $77.00 to $78.00 and gave the stock a “neutral” rating in a research note on Thursday, April 11th. StockNews.com upgraded shares of Ameren from a “sell” rating to a “hold” rating in a research report on Wednesday, May 8th. Finally, BMO Capital Markets increased their target price on Ameren from $76.00 to $81.00 and gave the stock an “outperform” rating in a research note on Monday, May 6th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Ameren has an average rating of “Hold” and a consensus price target of $79.70.

Check Out Our Latest Analysis on Ameren

About Ameren

(Free Report)

Ameren Corporation, together with its subsidiaries, operates as a public utility holding company in the United States. The company operates through four segments: Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, and Ameren Transmission. It engages in the rate-regulated electric generation, transmission, and distribution activities; and rate-regulated natural gas distribution business.

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Institutional Ownership by Quarter for Ameren (NYSE:AEE)

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