Bank of New York Mellon Corp Decreases Stake in Ameren Corporation (NYSE:AEE)

Bank of New York Mellon Corp reduced its stake in shares of Ameren Corporation (NYSE:AEE - Free Report) by 1.6% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,618,885 shares of the utilities provider's stock after selling 26,451 shares during the period. Bank of New York Mellon Corp owned about 0.60% of Ameren worth $162,536,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. TD Private Client Wealth LLC boosted its stake in Ameren by 7.1% during the fourth quarter. TD Private Client Wealth LLC now owns 1,846 shares of the utilities provider's stock worth $165,000 after acquiring an additional 122 shares in the last quarter. Signaturefd LLC lifted its stake in shares of Ameren by 2.0% in the fourth quarter. Signaturefd LLC now owns 6,276 shares of the utilities provider's stock worth $559,000 after buying an additional 125 shares in the last quarter. Captrust Financial Advisors lifted its stake in shares of Ameren by 1.3% in the fourth quarter. Captrust Financial Advisors now owns 10,107 shares of the utilities provider's stock worth $901,000 after buying an additional 125 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. raised its holdings in shares of Ameren by 1.3% during the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 9,937 shares of the utilities provider's stock valued at $886,000 after purchasing an additional 130 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in shares of Ameren by 0.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 15,963 shares of the utilities provider's stock valued at $1,423,000 after purchasing an additional 131 shares during the last quarter. 79.09% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on AEE. Barclays boosted their price objective on shares of Ameren from $101.00 to $104.00 and gave the company an "equal weight" rating in a report on Tuesday, May 6th. Wells Fargo & Company increased their price objective on shares of Ameren from $108.00 to $112.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 14th. The Goldman Sachs Group upgraded shares of Ameren from a "sell" rating to a "neutral" rating and upped their target price for the stock from $91.00 to $100.00 in a research report on Wednesday, June 25th. Morgan Stanley dropped 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 report on Wednesday, June 18th. Finally, BMO Capital Markets increased their price objective on shares of Ameren from $106.00 to $108.00 and gave the company an "outperform" rating in a research report on Monday, May 5th. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $101.64.

Ameren Trading Down 0.2%

AEE stock opened at $95.84 on Tuesday. The company has a debt-to-equity ratio of 1.49, a current ratio of 0.86 and a quick ratio of 0.62. The company has a market capitalization of $25.90 billion, a PE ratio of 21.25, a P/E/G ratio of 2.80 and a beta of 0.48. The firm's 50-day moving average is $96.46 and its 200 day moving average is $96.19. Ameren Corporation has a 12 month low of $70.19 and a 12 month high of $104.10.

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

Ameren Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th were issued a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.96%. The ex-dividend date of this dividend was Tuesday, June 10th. Ameren's dividend payout ratio is currently 62.97%.

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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