Ameren Corporation (NYSE:AEE) Position Cut by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC cut its holdings in Ameren Corporation (NYSE:AEE - Free Report) by 59.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 31,380 shares of the utilities provider's stock after selling 46,611 shares during the quarter. Mutual of America Capital Management LLC's holdings in Ameren were worth $3,151,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. TD Private Client Wealth LLC increased its position in shares of 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 purchasing an additional 122 shares in the last quarter. Signaturefd LLC increased its position in shares of Ameren by 2.0% during the fourth quarter. Signaturefd LLC now owns 6,276 shares of the utilities provider's stock worth $559,000 after purchasing an additional 125 shares in the last quarter. Captrust Financial Advisors increased its position in shares of Ameren by 1.3% during the fourth quarter. Captrust Financial Advisors now owns 10,107 shares of the utilities provider's stock worth $901,000 after purchasing an additional 125 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. increased its position 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 worth $886,000 after purchasing an additional 130 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its position 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 worth $1,423,000 after purchasing an additional 131 shares in the last quarter. 79.09% of the stock is currently owned by hedge funds and other institutional investors.

Ameren Trading Up 1.4%

AEE stock traded up $1.36 during trading on Friday, reaching $98.64. 1,383,383 shares of the stock traded hands, compared to its average volume of 1,589,089. The business's 50 day moving average price is $96.01 and its 200-day moving average price is $96.49. Ameren Corporation has a 52-week low of $74.33 and a 52-week high of $104.10. 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 firm has a market capitalization of $26.66 billion, a PE ratio of 21.87, a P/E/G ratio of 2.51 and a beta of 0.48.

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

Ameren Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th were paid a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a yield of 2.88%. The ex-dividend date was Tuesday, June 10th. Ameren's payout ratio is currently 62.97%.

Wall Street Analyst Weigh In

AEE has been the subject of several analyst reports. UBS Group set a $114.00 target price on Ameren and gave the company a "buy" rating in a report on Friday, July 11th. Wells Fargo & Company upped their target price on Ameren from $108.00 to $112.00 and gave the company an "overweight" rating in a report on Wednesday, May 14th. Guggenheim restated a "neutral" rating on shares of Ameren in a report on Tuesday, April 22nd. Barclays decreased their price target on Ameren from $104.00 to $100.00 and set an "equal weight" rating on the stock in a research note on Thursday, July 10th. Finally, KeyCorp set a $104.00 price target on Ameren and gave the company an "overweight" rating in a research note on Wednesday. Five investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Ameren presently has a consensus rating of "Moderate Buy" and an average price target of $101.36.

Ameren Company 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.