TIAA Trust National Association Has $1.01 Million Stake in Ameren Corporation $AEE

TIAA Trust National Association raised its position in shares of Ameren Corporation (NYSE:AEE) by 5.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,531 shares of the utilities provider’s stock after purchasing an additional 526 shares during the period. TIAA Trust National Association’s holdings in Ameren were worth $1,011,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Ameren by 2.9% during the first quarter. Vanguard Group Inc. now owns 34,314,121 shares of the utilities provider’s stock valued at $3,445,138,000 after purchasing an additional 979,928 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in Ameren by 5.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 28,404,577 shares of the utilities provider’s stock valued at $2,851,821,000 after purchasing an additional 1,355,848 shares in the last quarter. Invesco Ltd. raised its position in Ameren by 16.1% during the first quarter. Invesco Ltd. now owns 4,658,775 shares of the utilities provider’s stock valued at $467,741,000 after purchasing an additional 646,000 shares in the last quarter. Alliancebernstein L.P. raised its position in Ameren by 51.7% during the first quarter. Alliancebernstein L.P. now owns 3,576,385 shares of the utilities provider’s stock valued at $359,069,000 after purchasing an additional 1,218,509 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its position in Ameren by 5.7% during the first quarter. Goldman Sachs Group Inc. now owns 2,825,064 shares of the utilities provider’s stock valued at $283,636,000 after purchasing an additional 151,808 shares in the last quarter. 79.09% of the stock is currently owned by institutional investors and hedge funds.

Ameren Stock Performance

Shares of Ameren stock opened at $101.98 on Wednesday. The company has a quick ratio of 0.56, a current ratio of 0.80 and a debt-to-equity ratio of 1.51. Ameren Corporation has a twelve month low of $85.69 and a twelve month high of $106.73. The stock has a market cap of $27.58 billion, a price-to-earnings ratio of 22.41, a P/E/G ratio of 2.57 and a beta of 0.49. The company’s fifty day moving average is $102.09 and its 200 day moving average is $99.40.

Ameren Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 9th will be paid a $0.71 dividend. The ex-dividend date of this dividend is Tuesday, December 9th. This represents a $2.84 annualized dividend and a dividend yield of 2.8%. Ameren’s payout ratio is currently 62.42%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. UBS Group boosted their price objective on shares of Ameren from $111.00 to $114.00 and gave the company a “buy” rating in a research report on Friday, July 11th. Weiss Ratings restated a “buy (b-)” rating on shares of Ameren in a research report on Wednesday, October 8th. Morgan Stanley upped their price target on shares of Ameren from $104.00 to $111.00 and gave the stock an “outperform” rating in a report on Wednesday, October 22nd. Barclays set a $113.00 price target on shares of Ameren in a report on Tuesday, October 21st. Finally, Mizuho upped their price target on shares of Ameren from $108.00 to $114.00 and gave the stock an “outperform” rating in a report on Monday, October 27th. Eight research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Ameren currently has a consensus rating of “Moderate Buy” and a consensus target price of $109.50.

Insider Buying and Selling at Ameren

In related news, SVP Gwendolyn G. Mizell sold 1,000 shares of the business’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $101.79, for a total value of $101,790.00. Following the sale, the senior vice president owned 9,129 shares of the company’s stock, valued at $929,240.91. The trade was a 9.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Michael L. Moehn sold 6,500 shares of the business’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $101.44, for a total transaction of $659,360.00. Following the completion of the sale, the chief financial officer directly owned 198,973 shares in the company, valued at approximately $20,183,821.12. This represents a 3.16% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.42% of the company’s stock.

About Ameren

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.