APG Asset Management N.V. Reduces Position in Ameren Corp (AEE)

APG Asset Management N.V. decreased its stake in Ameren Corp (NYSE:AEE) by 7.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 885,998 shares of the utilities provider’s stock after selling 72,500 shares during the period. APG Asset Management N.V. owned 0.36% of Ameren worth $50,556,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Oregon Public Employees Retirement Fund raised its position in shares of Ameren by 6,342.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,701,785 shares of the utilities provider’s stock valued at $26,000 after buying an additional 1,675,368 shares in the last quarter. Berman Capital Advisors LLC acquired a new position in Ameren during the fourth quarter valued at approximately $27,000. Ironwood Financial llc acquired a new position in Ameren during the fourth quarter valued at approximately $31,000. Bremer Trust National Association acquired a new position in Ameren during the fourth quarter valued at approximately $31,000. Finally, Sound Income Strategies LLC acquired a new position in Ameren during the fourth quarter valued at approximately $39,000. Institutional investors own 72.47% of the company’s stock.

AEE traded down $0.13 during trading on Friday, reaching $70.48. 1,264,186 shares of the stock traded hands, compared to its average volume of 1,290,539. Ameren Corp has a 12 month low of $55.21 and a 12 month high of $74.91. The stock has a market capitalization of $17.30 billion, a P/E ratio of 20.91, a price-to-earnings-growth ratio of 3.45 and a beta of 0.29. The company has a current ratio of 0.57, a quick ratio of 0.39 and a debt-to-equity ratio of 1.01.

Ameren (NYSE:AEE) last posted its earnings results on Thursday, February 14th. The utilities provider reported $0.28 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.04). Ameren had a return on equity of 10.87% and a net margin of 12.95%. The business had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.56 billion. During the same quarter in the prior year, the company earned $0.39 EPS. The company’s revenue was up 1.4% on a year-over-year basis. As a group, research analysts predict that Ameren Corp will post 3.27 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Wednesday, March 13th were paid a $0.475 dividend. The ex-dividend date was Tuesday, March 12th. This represents a $1.90 annualized dividend and a yield of 2.70%. Ameren’s dividend payout ratio (DPR) is 56.38%.

In related news, CEO Warner L. Baxter sold 41,090 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $70.77, for a total value of $2,907,939.30. Following the completion of the transaction, the chief executive officer now directly owns 364,913 shares of the company’s stock, valued at approximately $25,824,893.01. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Martin J. Lyons sold 17,794 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $70.82, for a total transaction of $1,260,171.08. Following the completion of the transaction, the chief financial officer now directly owns 178,587 shares of the company’s stock, valued at $12,647,531.34. The disclosure for this sale can be found here. In the last quarter, insiders sold 121,873 shares of company stock valued at $8,639,431. Company insiders own 0.52% of the company’s stock.

Several research analysts have commented on the stock. Morgan Stanley set a $73.00 price target on shares of Ameren and gave the stock a “hold” rating in a report on Friday, February 22nd. Zacks Investment Research downgraded shares of Ameren from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 13th. Wells Fargo & Co boosted 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, February 11th. Finally, ValuEngine cut shares of Ameren from a “buy” rating to a “hold” rating in a research note on Thursday, April 4th. Eight research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Ameren currently has a consensus rating of “Hold” and a consensus price target of $68.43.

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Ameren Company Profile

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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Institutional Ownership by Quarter for Ameren (NYSE:AEE)

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