Ameren Corporation (NYSE:AEE) Shares Acquired by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. lifted its position in shares of Ameren Corporation (NYSE:AEE - Free Report) by 7.9% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 47,100 shares of the utilities provider's stock after buying an additional 3,434 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Ameren were worth $4,729,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Price T Rowe Associates Inc. MD raised its stake in Ameren by 1.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 27,048,729 shares of the utilities provider's stock valued at $2,411,125,000 after purchasing an additional 392,170 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its stake in Ameren by 16.7% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 17,038,754 shares of the utilities provider's stock valued at $1,518,835,000 after purchasing an additional 2,439,811 shares during the last quarter. Geode Capital Management LLC raised its stake in Ameren by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 6,749,446 shares of the utilities provider's stock valued at $600,157,000 after purchasing an additional 77,282 shares during the last quarter. FMR LLC raised its stake in Ameren by 96.5% in the 4th quarter. FMR LLC now owns 5,170,709 shares of the utilities provider's stock valued at $460,917,000 after purchasing an additional 2,539,129 shares during the last quarter. Finally, Janus Henderson Group PLC raised its stake in Ameren by 0.9% in the 4th quarter. Janus Henderson Group PLC now owns 4,601,449 shares of the utilities provider's stock valued at $410,174,000 after purchasing an additional 39,455 shares during the last quarter. Institutional investors and hedge funds own 79.09% of the company's stock.

Ameren Stock Up 0.2%

Shares of NYSE:AEE opened at $94.57 on Friday. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.62 and a current ratio of 0.86. Ameren Corporation has a 1 year low of $69.39 and a 1 year high of $104.10. The stock has a market capitalization of $25.56 billion, a P/E ratio of 20.97, a PEG ratio of 2.76 and a beta of 0.49. The stock has a 50-day simple moving average of $97.08 and a 200-day simple moving average of $95.70.

Ameren (NYSE:AEE - Get Free Report) last issued its earnings results on Thursday, May 1st. The utilities provider reported $1.07 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.08 by ($0.01). Ameren had a return on equity of 10.40% and a net margin of 15.31%. The firm had revenue of $2.10 billion for the quarter, compared to analysts' expectations of $1.92 billion. During the same quarter in the previous year, the firm posted $0.98 EPS. The firm's revenue for the quarter was up 15.5% compared to the same quarter last year. Equities analysts forecast that Ameren Corporation will post 4.93 earnings per share for the current year.

Ameren Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th will be issued a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a dividend yield of 3.00%. The ex-dividend date is Tuesday, June 10th. Ameren's payout ratio is currently 62.97%.

Analyst Ratings Changes

AEE has been the subject of several analyst reports. BMO Capital Markets boosted their target price on shares of Ameren from $106.00 to $108.00 and gave the company an "outperform" rating in a research note on Monday, May 5th. Guggenheim reissued a "neutral" rating on shares of Ameren in a research note on Tuesday, April 22nd. Morgan Stanley cut their target price on shares of Ameren from $102.00 to $100.00 and set an "equal weight" rating for the company in a research note on Wednesday. Barclays upped their price objective on shares of Ameren from $101.00 to $104.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 6th. Finally, UBS Group reaffirmed a "buy" rating and set a $114.00 price objective (up previously from $113.00) on shares of Ameren in a research note on Monday, June 2nd. Four investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Ameren currently has an average rating of "Moderate Buy" and a consensus price target of $101.80.

Ameren Profile

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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