Ameren Co. (NYSE:AEE) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its stake in shares of Ameren Co. (NYSE:AEEFree Report) by 1.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,480,763 shares of the utilities provider’s stock after purchasing an additional 18,902 shares during the period. Charles Schwab Investment Management Inc. owned about 0.56% of Ameren worth $110,805,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of AEE. Moneta Group Investment Advisors LLC raised its position in shares of Ameren by 100,874.2% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 74,273,572 shares of the utilities provider’s stock valued at $6,604,406,000 after acquiring an additional 74,200,015 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Ameren by 2.3% during the first quarter. Vanguard Group Inc. now owns 29,978,760 shares of the utilities provider’s stock worth $2,810,808,000 after purchasing an additional 681,658 shares during the period. BlackRock Inc. lifted its position in shares of Ameren by 0.3% in the 2nd quarter. BlackRock Inc. now owns 18,837,990 shares of the utilities provider’s stock worth $1,538,499,000 after buying an additional 56,202 shares during the last quarter. State Street Corp raised its stake in Ameren by 8.0% during the first quarter. State Street Corp now owns 13,889,994 shares of the utilities provider’s stock worth $1,302,326,000 after acquiring an additional 1,029,187 shares during the period. Finally, T. Rowe Price Investment Management Inc. grew its holdings in shares of Ameren by 22.9% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 11,824,707 shares of the utilities provider’s stock valued at $1,051,453,000 after purchasing an additional 2,200,700 shares during the last quarter. Institutional investors and hedge funds own 77.77% of the company’s stock.

Ameren Price Performance

Shares of NYSE:AEE opened at $68.70 on Friday. The company has a market cap of $18.06 billion, a P/E ratio of 15.61, a price-to-earnings-growth ratio of 2.54 and a beta of 0.43. The company’s fifty day moving average is $72.39 and its two-hundred day moving average is $76.38. The company has a quick ratio of 0.33, a current ratio of 0.52 and a debt-to-equity ratio of 1.24. Ameren Co. has a 12-month low of $67.32 and a 12-month high of $91.18.

Ameren (NYSE:AEEGet Free Report) last announced its quarterly earnings data on Thursday, November 9th. The utilities provider reported $1.87 EPS for the quarter, topping analysts’ consensus estimates of $1.80 by $0.07. The firm had revenue of $2.06 billion during the quarter, compared to analyst estimates of $2.40 billion. Ameren had a return on equity of 10.67% and a net margin of 14.59%. The business’s quarterly revenue was down 10.7% compared to the same quarter last year. During the same period last year, the company posted $1.74 EPS. Equities analysts expect that Ameren Co. will post 4.39 earnings per share for the current fiscal year.

Ameren Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Wednesday, March 13th will be given a dividend of $0.67 per share. This is an increase from Ameren’s previous quarterly dividend of $0.63. This represents a $2.68 dividend on an annualized basis and a yield of 3.90%. Ameren’s payout ratio is presently 57.27%.

Analysts Set New Price Targets

A number of analysts recently weighed in on AEE shares. Bank of America cut shares of Ameren from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $82.00 to $77.00 in a report on Thursday, January 4th. Evercore ISI cut Ameren from an “outperform” rating to an “in-line” rating in a research note on Friday, December 15th. Mizuho cut their price objective on shares of Ameren from $77.00 to $72.00 and set a “neutral” rating on the stock in a research note on Monday, December 18th. JPMorgan Chase & Co. lowered shares of Ameren from an “overweight” rating to a “neutral” rating in a research report on Monday, December 18th. Finally, StockNews.com upgraded shares of Ameren from a “sell” rating to a “hold” rating in a research report on Sunday, January 28th. Eight equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Ameren has an average rating of “Hold” and a consensus target price of $82.33.

Read Our Latest Analysis on Ameren

Insider Transactions at Ameren

In related news, Director Rafael Flores sold 1,500 shares of Ameren stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $77.65, for a total transaction of $116,475.00. Following the completion of the sale, the director now owns 13,007 shares of the company’s stock, valued at $1,009,993.55. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, Director Rafael Flores sold 1,500 shares of the stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $77.65, for a total value of $116,475.00. Following the transaction, the director now owns 13,007 shares in the company, valued at $1,009,993.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Michael L. Moehn sold 3,244 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $77.28, for a total transaction of $250,696.32. Following the transaction, the chief financial officer now directly owns 198,937 shares in the company, valued at approximately $15,373,851.36. The disclosure for this sale can be found here. 0.42% of the stock is currently owned by company insiders.

About Ameren

(Free Report)

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 and transmission businesses.

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Institutional Ownership by Quarter for Ameren (NYSE:AEE)

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