Keybank National Association OH Has $12.62 Million Stock Holdings in Ameren Corporation (NYSE:AEE)

Keybank National Association OH reduced its holdings in shares of Ameren Corporation (NYSE:AEE - Free Report) by 2.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 125,691 shares of the utilities provider's stock after selling 3,558 shares during the period. Keybank National Association OH's holdings in Ameren were worth $12,619,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in AEE. Synergy Investment Management LLC bought a new position in Ameren during the fourth quarter worth about $25,000. Quarry LP bought a new position in shares of Ameren during the 4th quarter worth approximately $31,000. ORG Partners LLC boosted its stake in Ameren by 74.5% in the 1st quarter. ORG Partners LLC now owns 349 shares of the utilities provider's stock valued at $35,000 after buying an additional 149 shares in the last quarter. Lee Danner & Bass Inc. acquired a new stake in Ameren in the 4th quarter valued at $38,000. Finally, Optiver Holding B.V. grew its position in Ameren by 78.7% in the fourth quarter. Optiver Holding B.V. now owns 470 shares of the utilities provider's stock valued at $42,000 after acquiring an additional 207 shares during the period. Institutional investors own 79.09% of the company's stock.

Analyst Ratings Changes

A number of brokerages have issued reports on AEE. KeyCorp raised Ameren from a "sector weight" rating to an "overweight" rating and set a $103.00 price objective for the company in a report on Wednesday, May 14th. UBS Group reissued a "buy" rating and set a $114.00 price target (up from $113.00) on shares of Ameren in a report on Monday, June 2nd. Morgan Stanley reduced their price target on shares of Ameren from $102.00 to $100.00 and set an "equal weight" rating on the stock in a research report on Wednesday, June 18th. The Goldman Sachs Group raised shares of Ameren from a "sell" rating to a "neutral" rating and upped their price objective for the stock from $91.00 to $100.00 in a research note on Wednesday, June 25th. Finally, Barclays lifted their target price 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. Five equities research 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. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $101.64.

Ameren Price Performance

Shares of AEE traded down $0.63 during mid-day trading on Friday, hitting $94.86. 637,604 shares of the company traded hands, compared to its average volume of 1,574,869. The company has a current ratio of 0.86, a quick ratio of 0.62 and a debt-to-equity ratio of 1.49. The stock has a market capitalization of $25.64 billion, a price-to-earnings ratio of 21.03, a PEG ratio of 2.80 and a beta of 0.48. The business has a 50-day moving average of $96.52 and a 200 day moving average of $96.02. Ameren Corporation has a one year low of $70.15 and a one year high of $104.10.

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

Ameren Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th were given a dividend of $0.71 per share. The ex-dividend date was Tuesday, June 10th. This represents a $2.84 dividend on an annualized basis and a yield of 2.99%. Ameren's payout ratio is presently 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.