Ameren Corporation $AEE Shares Sold by M&T Bank Corp

M&T Bank Corp trimmed its stake in Ameren Corporation (NYSE:AEE) by 54.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,858 shares of the utilities provider’s stock after selling 10,722 shares during the period. M&T Bank Corp’s holdings in Ameren were worth $885,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. JPMorgan Chase & Co. grew its holdings in shares of Ameren by 68.6% during the third quarter. JPMorgan Chase & Co. now owns 4,080,775 shares of the utilities provider’s stock worth $425,951,000 after purchasing an additional 1,661,019 shares during the last quarter. ANTIPODES PARTNERS Ltd lifted its holdings in shares of Ameren by 104,698.0% in the 3rd quarter. ANTIPODES PARTNERS Ltd now owns 1,370,758 shares of the utilities provider’s stock valued at $143,091,000 after purchasing an additional 1,369,450 shares during the last quarter. Homestead Advisers Corp acquired a new stake in shares of Ameren in the 3rd quarter valued at about $76,614,000. Assenagon Asset Management S.A. grew its stake in Ameren by 9,966.5% during the 4th quarter. Assenagon Asset Management S.A. now owns 518,725 shares of the utilities provider’s stock worth $51,800,000 after buying an additional 513,572 shares during the last quarter. Finally, Reaves W H & Co. Inc. increased its position in Ameren by 112.4% during the third quarter. Reaves W H & Co. Inc. now owns 964,012 shares of the utilities provider’s stock worth $100,624,000 after buying an additional 510,192 shares during the period. 79.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on AEE shares. Morgan Stanley decreased their price objective on Ameren from $119.00 to $117.00 and set an “equal weight” rating for the company in a report on Tuesday, April 21st. Argus lifted their price objective on shares of Ameren from $108.00 to $115.00 and gave the company a “buy” rating in a research note on Monday, March 23rd. Truist Financial began coverage on shares of Ameren in a research note on Monday, April 20th. They set a “buy” rating and a $126.00 target price for the company. Royal Bank Of Canada restated a “sector perform” rating and issued a $116.00 price target on shares of Ameren in a research report on Friday, January 23rd. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and set a $120.00 price objective on shares of Ameren in a research report on Tuesday, April 21st. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, Ameren currently has an average rating of “Moderate Buy” and an average price target of $117.31.

Insider Buying and Selling at Ameren

In related news, insider Michael L. Moehn sold 6,500 shares of Ameren stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $103.60, for a total value of $673,400.00. Following the transaction, the insider owned 193,076 shares in the company, valued at approximately $20,002,673.60. This trade represents a 3.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.29% of the company’s stock.

Ameren Trading Up 2.2%

NYSE AEE opened at $113.73 on Friday. The company has a market cap of $31.46 billion, a P/E ratio of 21.26, a P/E/G ratio of 2.26 and a beta of 0.52. Ameren Corporation has a 12 month low of $93.27 and a 12 month high of $115.53. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.66 and a quick ratio of 0.46. The company has a 50-day moving average of $111.07 and a 200-day moving average of $105.80.

Ameren (NYSE:AEE) last released its earnings results on Wednesday, February 11th. The utilities provider reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.01. Ameren had a net margin of 16.55% and a return on equity of 10.69%. The firm had revenue of $1.78 billion during the quarter, compared to the consensus estimate of $1.69 billion. During the same period in the previous year, the firm earned $0.77 earnings per share. Ameren’s revenue was down 8.2% compared to the same quarter last year. As a group, equities analysts predict that Ameren Corporation will post 5.32 earnings per share for the current year.

Ameren Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 10th were given a $0.75 dividend. This is an increase from Ameren’s previous quarterly dividend of $0.71. The ex-dividend date of this dividend was Tuesday, March 10th. This represents a $3.00 annualized dividend and a dividend yield of 2.6%. Ameren’s dividend payout ratio is 56.07%.

Ameren Company Profile

Ameren Corporation (NYSE: AEE) is an integrated energy company headquartered in St. Louis, Missouri, that provides electric and natural gas delivery and related services in portions of Missouri and Illinois. The company operates regulated utility businesses that serve a broad mix of residential, commercial and industrial customers, and it participates in wholesale energy markets and transmission operations that support reliable service across its service territories.

Ameren’s core activities include generation, transmission and distribution of electricity, distribution of natural gas, and the provision of customer energy solutions such as demand-side management and energy efficiency programs.