Bank of Montreal Can lessened its holdings in Ameren Corp (NYSE:AEE) by 21.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,210,237 shares of the utilities provider’s stock after selling 1,150,494 shares during the quarter. Bank of Montreal Can owned 1.72% of Ameren worth $274,632,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also modified their holdings of the company. Ironwood Financial llc bought a new position in shares of Ameren in the fourth quarter worth approximately $31,000. Sound Income Strategies LLC purchased a new position in shares of Ameren during the fourth quarter valued at approximately $39,000. Honkamp Krueger Financial Services Inc. purchased a new position in shares of Ameren during the third quarter valued at approximately $104,000. First Hawaiian Bank raised its holdings in shares of Ameren by 371.9% during the fourth quarter. First Hawaiian Bank now owns 1,694 shares of the utilities provider’s stock valued at $111,000 after purchasing an additional 1,335 shares during the last quarter. Finally, Acropolis Investment Management LLC purchased a new position in shares of Ameren during the fourth quarter valued at approximately $134,000. Institutional investors own 72.90% of the company’s stock.
A number of brokerages have commented on AEE. Wolfe Research cut shares of Ameren from an “outperform” rating to a “hold” rating in a report on Friday, October 26th. Barclays upped their target price on shares of Ameren from $63.00 to $65.00 and gave the company a “hold” rating in a report on Thursday, November 1st. ValuEngine cut shares of Ameren from a “buy” rating to a “hold” rating in a research note on Thursday, November 1st. UBS Group cut shares of Ameren from a “buy” rating to a “neutral” rating and set a $71.00 price objective for the company. in a research note on Thursday, November 29th. Finally, Wells Fargo & Co increased their price objective on shares of Ameren from $73.00 to $77.00 and gave the stock an “outperform” rating in a research note on Monday. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $67.63.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Wednesday, March 13th will be paid a $0.475 dividend. This represents a $1.90 annualized dividend and a dividend yield of 2.71%. The ex-dividend date of this dividend is Tuesday, March 12th. Ameren’s dividend payout ratio is currently 67.14%.
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Ameren Corporation operates as a public utility holding company in the United States. It operates through four segments: Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, and Ameren Transmission. The company engages in the rate-regulated electric generation, transmission, and distribution activities; and rate-regulated natural gas distribution and transmission businesses.
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