New York State Teachers Retirement System Raises Holdings in Ameren Corp (AEE)

New York State Teachers Retirement System grew its stake in shares of Ameren Corp (NYSE:AEE) by 0.2% in the first quarter, HoldingsChannel.com reports. The firm owned 373,758 shares of the utilities provider’s stock after buying an additional 622 shares during the quarter. New York State Teachers Retirement System’s holdings in Ameren were worth $27,490,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc boosted its stake in shares of Ameren by 2.6% during the third quarter. Vanguard Group Inc now owns 27,179,627 shares of the utilities provider’s stock valued at $1,718,295,000 after purchasing an additional 687,592 shares during the period. BlackRock Inc. boosted its stake in shares of Ameren by 1.3% during the fourth quarter. BlackRock Inc. now owns 17,773,860 shares of the utilities provider’s stock valued at $1,159,388,000 after purchasing an additional 228,568 shares during the period. FMR LLC boosted its stake in shares of Ameren by 1.4% during the fourth quarter. FMR LLC now owns 3,772,612 shares of the utilities provider’s stock valued at $246,087,000 after purchasing an additional 52,129 shares during the period. Northern Trust Corp boosted its stake in shares of Ameren by 11.3% during the fourth quarter. Northern Trust Corp now owns 3,390,017 shares of the utilities provider’s stock valued at $221,132,000 after purchasing an additional 345,521 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of Ameren by 9.0% during the fourth quarter. Geode Capital Management LLC now owns 3,389,046 shares of the utilities provider’s stock valued at $220,707,000 after purchasing an additional 279,511 shares during the period. 71.72% of the stock is owned by hedge funds and other institutional investors.

Shares of AEE stock opened at $74.71 on Friday. Ameren Corp has a 52 week low of $55.21 and a 52 week high of $75.00. The firm has a market capitalization of $18.35 billion, a P/E ratio of 22.17, a price-to-earnings-growth ratio of 3.67 and a beta of 0.27. The company has a quick ratio of 0.43, a current ratio of 0.59 and a debt-to-equity ratio of 1.05.

Ameren (NYSE:AEE) last announced its quarterly earnings results on Thursday, May 9th. The utilities provider reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.08. Ameren had a return on equity of 11.22% and a net margin of 13.65%. The company had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.62 billion. During the same quarter last year, the firm posted $0.62 earnings per share. The firm’s revenue was down 1.8% on a year-over-year basis. Sell-side analysts anticipate that Ameren Corp will post 3.27 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Wednesday, June 12th will be paid a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a yield of 2.54%. The ex-dividend date is Tuesday, June 11th. Ameren’s payout ratio is 56.38%.

A number of analysts have recently weighed in on AEE shares. ValuEngine raised Ameren from a “hold” rating to a “buy” rating in a research note on Monday, May 13th. Morgan Stanley raised their price target on Ameren from $66.00 to $69.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 12th. Zacks Investment Research lowered Ameren from a “buy” rating to a “hold” rating in a research note on Wednesday, March 6th. Finally, Wells Fargo & Co raised their price target on Ameren from $73.00 to $77.00 and gave the stock an “outperform” rating in a research note on Monday, February 11th. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $68.43.

In related news, CAO Bruce A. Steinke sold 6,441 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $70.84, for a total value of $456,280.44. Following the completion of the sale, the chief accounting officer now owns 48,883 shares of the company’s stock, valued at $3,462,871.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Fadi M. Diya sold 15,000 shares of the firm’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $71.18, for a total value of $1,067,700.00. Following the completion of the sale, the senior vice president now directly owns 62,572 shares of the company’s stock, valued at approximately $4,453,874.96. The disclosure for this sale can be found here. Insiders sold 121,873 shares of company stock valued at $8,639,431 in the last ninety days. 0.52% of the stock is currently owned by insiders.

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About Ameren

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.

Read More: Intrinsic Value

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Institutional Ownership by Quarter for Ameren (NYSE:AEE)

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