Tiaa Fsb decreased its position in shares of Ameren Corp (NYSE:AEE) by 5.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 16,788 shares of the utilities provider’s stock after selling 1,009 shares during the quarter. Tiaa Fsb’s holdings in Ameren were worth $990,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of the business. Wells Fargo & Company MN increased its position in Ameren by 12.9% during the 3rd quarter. Wells Fargo & Company MN now owns 4,478,768 shares of the utilities provider’s stock worth $259,053,000 after buying an additional 511,854 shares during the period. APG Asset Management N.V. increased its position in Ameren by 27.6% during the 4th quarter. APG Asset Management N.V. now owns 4,419,198 shares of the utilities provider’s stock worth $217,096,000 after buying an additional 956,400 shares during the period. Janus Henderson Group PLC increased its position in Ameren by 15.1% during the 3rd quarter. Janus Henderson Group PLC now owns 2,244,596 shares of the utilities provider’s stock worth $129,828,000 after buying an additional 293,658 shares during the period. Legal & General Group Plc increased its position in Ameren by 4.5% during the 3rd quarter. Legal & General Group Plc now owns 2,057,966 shares of the utilities provider’s stock worth $119,034,000 after buying an additional 87,892 shares during the period. Finally, Bank of New York Mellon Corp increased its position in Ameren by 0.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,788,736 shares of the utilities provider’s stock worth $103,461,000 after buying an additional 12,313 shares during the period. Hedge funds and other institutional investors own 70.51% of the company’s stock.

Ameren Corp (NYSE AEE) opened at $54.89 on Friday. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.61 and a quick ratio of 0.40. Ameren Corp has a 12-month low of $51.69 and a 12-month high of $64.89. The company has a market capitalization of $13,395.87, a price-to-earnings ratio of 21.40, a P/E/G ratio of 2.59 and a beta of 0.28.

Ameren (NYSE:AEE) last issued its quarterly earnings results on Friday, November 3rd. The utilities provider reported $1.24 EPS for the quarter, missing the Zacks’ consensus estimate of $1.31 by ($0.07). Ameren had a return on equity of 8.61% and a net margin of 10.03%. The company had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter in the previous year, the business posted $1.52 EPS. The firm’s revenue for the quarter was down 7.3% on a year-over-year basis. analysts expect that Ameren Corp will post 2.79 EPS for the current fiscal year.

In related news, SVP Gregory L. Nelson sold 12,000 shares of the firm’s stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $62.68, for a total value of $752,160.00. Following the transaction, the senior vice president now owns 36,785 shares in the company, valued at $2,305,683.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.38% of the stock is currently owned by company insiders.

Several research analysts have weighed in on AEE shares. Morgan Stanley cut Ameren from an “equal weight” rating to an “underweight” rating and set a $61.00 price objective on the stock. in a research report on Wednesday, December 13th. Zacks Investment Research cut Ameren from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. Bank of America started coverage on Ameren in a research report on Tuesday, October 24th. They set a “neutral” rating and a $62.00 price objective on the stock. ValuEngine upgraded Ameren from a “hold” rating to a “buy” rating in a research report on Wednesday, November 15th. Finally, KeyCorp restated a “hold” rating on shares of Ameren in a research report on Friday, October 20th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $57.80.

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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.

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Institutional Ownership by Quarter for Ameren (NYSE:AEE)

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