Neuberger Berman Group LLC Sells 263 Shares of Ameren Co. (NYSE:AEE)

Neuberger Berman Group LLC decreased its position in Ameren Co. (NYSE:AEEGet Rating) by 0.0% during the 1st quarter, Holdings Channel.com reports. The fund owned 581,177 shares of the utilities provider’s stock after selling 263 shares during the quarter. Neuberger Berman Group LLC’s holdings in Ameren were worth $54,491,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in AEE. Stonebridge Capital Advisors LLC boosted its holdings in Ameren by 885.7% in the fourth quarter. Stonebridge Capital Advisors LLC now owns 276 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 248 shares during the last quarter. Penserra Capital Management LLC bought a new position in Ameren during the first quarter worth about $25,000. Quent Capital LLC boosted its holdings in Ameren by 864.5% during the first quarter. Quent Capital LLC now owns 299 shares of the utilities provider’s stock worth $28,000 after buying an additional 268 shares during the last quarter. Johnson Financial Group Inc. bought a new position in Ameren during the fourth quarter worth about $38,000. Finally, GHP Investment Advisors Inc. bought a new position in Ameren during the first quarter worth about $47,000. Institutional investors own 77.98% of the company’s stock.

Ameren Stock Up 0.6 %

Shares of Ameren stock opened at $91.73 on Monday. The business’s 50 day simple moving average is $92.32 and its 200 day simple moving average is $91.81. Ameren Co. has a 52-week low of $80.27 and a 52-week high of $99.20. The firm has a market cap of $23.70 billion, a PE ratio of 23.52, a P/E/G ratio of 3.11 and a beta of 0.35. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.50 and a current ratio of 0.67.

Ameren (NYSE:AEEGet Rating) last announced its earnings results on Thursday, August 4th. The utilities provider reported $0.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.07). Ameren had a net margin of 14.49% and a return on equity of 10.19%. The firm had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.52 billion. During the same period in the prior year, the business posted $0.80 EPS. The firm’s quarterly revenue was up 17.3% compared to the same quarter last year. On average, analysts predict that Ameren Co. will post 4.09 earnings per share for the current fiscal year.

Ameren Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Wednesday, September 7th will be given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 2.57%. The ex-dividend date is Tuesday, September 6th. Ameren’s dividend payout ratio (DPR) is 60.51%.

Insiders Place Their Bets

In other Ameren news, Director Rafael Flores sold 1,600 shares of the business’s stock in a transaction that occurred on Wednesday, August 17th. The stock was sold at an average price of $96.07, for a total transaction of $153,712.00. Following the transaction, the director now owns 14,178 shares of the company’s stock, valued at approximately $1,362,080.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Ameren news, Director Rafael Flores sold 1,600 shares of the business’s stock in a transaction that occurred on Wednesday, August 17th. The stock was sold at an average price of $96.07, for a total transaction of $153,712.00. Following the transaction, the director now owns 14,178 shares of the company’s stock, valued at approximately $1,362,080.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Warner L. Baxter sold 54,000 shares of Ameren stock in a transaction that occurred on Tuesday, August 9th. The stock was sold at an average price of $93.19, for a total value of $5,032,260.00. Following the transaction, the chairman now owns 267,893 shares of the company’s stock, valued at $24,964,948.67. The disclosure for this sale can be found here. Insiders own 0.52% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on AEE shares. BMO Capital Markets raised their target price on Ameren from $98.00 to $103.00 and gave the stock an “outperform” rating in a report on Friday, September 9th. UBS Group cut Ameren from a “buy” rating to a “neutral” rating and raised their target price for the stock from $94.00 to $96.00 in a report on Thursday, June 30th. Argus raised their target price on Ameren from $95.00 to $102.00 and gave the stock a “buy” rating in a report on Friday, June 3rd. Mizuho raised their price target on Ameren from $92.00 to $98.00 and gave the stock a “neutral” rating in a research report on Monday, September 12th. Finally, Morgan Stanley raised their price target on Ameren from $94.00 to $101.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 23rd. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Ameren currently has a consensus rating of “Hold” and an average target price of $99.38.

Ameren Company Profile

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Ameren Corporation, together with its subsidiaries, 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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