Ameren Co. (NYSE:AEE) Stake Reduced by Miller Howard Investments Inc. NY

Miller Howard Investments Inc. NY reduced its stake in shares of Ameren Co. (NYSE:AEEFree Report) by 3.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 76,312 shares of the utilities provider’s stock after selling 2,932 shares during the quarter. Miller Howard Investments Inc. NY’s holdings in Ameren were worth $5,644,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Cape Investment Advisory Inc. grew its stake in Ameren by 73.8% during the 4th quarter. Cape Investment Advisory Inc. now owns 478 shares of the utilities provider’s stock worth $35,000 after buying an additional 203 shares during the last quarter. EdgeRock Capital LLC bought a new position in Ameren during the 4th quarter worth $38,000. Lindbrook Capital LLC grew its stake in Ameren by 124.5% during the 4th quarter. Lindbrook Capital LLC now owns 624 shares of the utilities provider’s stock worth $45,000 after buying an additional 346 shares during the last quarter. Scarborough Advisors LLC bought a new position in Ameren during the 4th quarter worth $50,000. Finally, Sandy Spring Bank grew its stake in shares of Ameren by 96.7% in the fourth quarter. Sandy Spring Bank now owns 773 shares of the utilities provider’s stock worth $56,000 after purchasing an additional 380 shares in the last quarter. 79.09% of the stock is currently owned by institutional investors.

Ameren Trading Up 1.3 %

Shares of NYSE AEE traded up $0.90 during mid-day trading on Monday, hitting $71.15. 1,176,866 shares of the company traded hands, compared to its average volume of 1,758,429. Ameren Co. has a 1 year low of $67.03 and a 1 year high of $88.72. The stock has a market capitalization of $18.97 billion, a price-to-earnings ratio of 16.36, a PEG ratio of 2.48 and a beta of 0.45. The company has a quick ratio of 0.40, a current ratio of 0.59 and a debt-to-equity ratio of 1.31. The business has a 50 day moving average of $72.81 and a two-hundred day moving average of $72.18.

Ameren (NYSE:AEEGet Free Report) last announced its earnings results on Thursday, May 9th. The utilities provider reported $0.98 EPS for the quarter, missing the consensus estimate of $1.06 by ($0.08). Ameren had a net margin of 15.84% and a return on equity of 10.20%. The company had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $2.19 billion. During the same period in the prior year, the company earned $1.00 earnings per share. The company’s revenue for the quarter was down 11.9% on a year-over-year basis. On average, sell-side analysts anticipate that Ameren Co. will post 4.58 earnings per share for the current fiscal year.

Ameren Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Wednesday, June 12th will be paid a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 3.77%. The ex-dividend date is Wednesday, June 12th. Ameren’s dividend payout ratio is currently 61.61%.

Insider Buying and Selling

In related news, Director Rafael Flores sold 1,500 shares of the stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $71.29, for a total value of $106,935.00. Following the completion of the sale, the director now directly owns 13,768 shares of the company’s stock, valued at approximately $981,520.72. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, Director Rafael Flores sold 1,500 shares of the stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $71.29, for a total value of $106,935.00. Following the completion of the sale, the director now directly owns 13,768 shares of the company’s stock, valued at approximately $981,520.72. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Mark C. Lindgren sold 4,000 shares of the company’s stock in a transaction dated Thursday, May 16th. The stock was 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 in the company, valued at $3,318,410.55. The disclosure for this sale can be found here. Company insiders own 0.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. The Goldman Sachs Group assumed coverage on Ameren in a research note on Wednesday, April 10th. They issued a “sell” rating and a $73.00 price target for the company. StockNews.com raised Ameren from a “sell” rating to a “hold” rating in a research note on Wednesday, May 8th. Morgan Stanley decreased their price target on Ameren from $76.00 to $72.00 and set an “equal weight” rating for the company in a research note on Monday. Bank of America increased 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. Finally, Barclays raised Ameren from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $73.00 to $77.00 in a research note on Thursday, May 30th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Ameren currently has a consensus rating of “Hold” and an average target price of $79.20.

View Our Latest Stock Analysis on AEE

Ameren Profile

(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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