Clearbridge Investments LLC trimmed its position in Ameren Corp (NYSE:AEE) by 0.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,248,326 shares of the utilities provider’s stock after selling 2,134 shares during the quarter. Clearbridge Investments LLC owned approximately 0.51% of Ameren worth $73,639,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Smith Moore & CO. grew its stake in Ameren by 10.0% in the 4th quarter. Smith Moore & CO. now owns 13,315 shares of the utilities provider’s stock valued at $785,000 after buying an additional 1,215 shares during the last quarter. QUANTRES ASSET MANAGEMENT Ltd acquired a new position in Ameren in the 4th quarter valued at about $1,068,000. Vident Investment Advisory LLC grew its stake in Ameren by 21.4% in the 3rd quarter. Vident Investment Advisory LLC now owns 52,517 shares of the utilities provider’s stock valued at $3,038,000 after buying an additional 9,275 shares during the last quarter. Hexavest Inc. grew its stake in Ameren by 2.0% in the 4th quarter. Hexavest Inc. now owns 423,357 shares of the utilities provider’s stock valued at $24,974,000 after buying an additional 8,495 shares during the last quarter. Finally, AXA grew its stake in Ameren by 46.8% in the 3rd quarter. AXA now owns 150,896 shares of the utilities provider’s stock valued at $8,727,000 after buying an additional 48,083 shares during the last quarter. Institutional investors and hedge funds own 69.80% of the company’s stock.
Ameren Corp (AEE) opened at $54.41 on Tuesday. Ameren Corp has a 52-week low of $51.89 and a 52-week high of $64.89. The stock has a market cap of $13,099.85, a P/E ratio of 19.01, a price-to-earnings-growth ratio of 2.58 and a beta of 0.32. The company has a current ratio of 0.55, a quick ratio of 0.37 and a debt-to-equity ratio of 0.97.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Wednesday, March 14th will be given a dividend of $0.4575 per share. The ex-dividend date of this dividend is Tuesday, March 13th. This represents a $1.83 dividend on an annualized basis and a dividend yield of 3.36%. Ameren’s payout ratio is presently 85.12%.
A number of research analysts recently commented on AEE shares. Zacks Investment Research upgraded shares of Ameren from a “strong sell” rating to a “hold” rating in a research note on Monday, January 15th. Morgan Stanley lowered shares of Ameren from an “equal weight” rating to an “underweight” rating and set a $61.00 price target on the stock. in a research note on Wednesday, December 13th. ValuEngine lowered shares of Ameren from a “buy” rating to a “hold” rating in a research note on Monday, December 4th. Finally, UBS Group upped their price target on shares of Ameren from $54.00 to $57.00 and gave the company a “neutral” rating in a research note on Wednesday, February 21st. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $56.20.
In other Ameren news, VP Martin J. Lyons sold 13,111 shares of the stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $54.52, for a total transaction of $714,811.72. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Mark C. Lindgren sold 1,923 shares of the stock in a transaction that occurred on Thursday, March 1st. The stock was sold at an average price of $54.28, for a total transaction of $104,380.44. Following the transaction, the senior vice president now owns 57,557 shares in the company, valued at approximately $3,124,193.96. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 16,986 shares of company stock worth $925,147. Company insiders own 0.38% of the company’s stock.
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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