Clearbridge Investments LLC Has $53.56 Million Position in Ameren Co. (NYSE:AEE)

Clearbridge Investments LLC reduced its holdings in Ameren Co. (NYSE:AEE) by 0.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 669,128 shares of the utilities provider’s stock after selling 270 shares during the period. Clearbridge Investments LLC owned 0.26% of Ameren worth $53,557,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of AEE. Allworth Financial LP acquired a new position in shares of Ameren during the 2nd quarter worth about $28,000. Liberty Wealth Management LLC increased its stake in shares of Ameren by 7,940.0% during the 2nd quarter. Liberty Wealth Management LLC now owns 2,412 shares of the utilities provider’s stock worth $30,000 after purchasing an additional 2,382 shares during the last quarter. Providence Capital Advisors LLC acquired a new position in shares of Ameren during the 2nd quarter worth about $35,000. CSat Investment Advisory L.P. increased its stake in shares of Ameren by 37.6% during the 1st quarter. CSat Investment Advisory L.P. now owns 542 shares of the utilities provider’s stock worth $44,000 after purchasing an additional 148 shares during the last quarter. Finally, Vectors Research Management LLC acquired a new position in shares of Ameren during the 2nd quarter worth about $57,000. Hedge funds and other institutional investors own 75.46% of the company’s stock.

Shares of AEE stock opened at $82.60 on Thursday. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.73 and a current ratio of 0.97. The company has a market capitalization of $21.24 billion, a price-to-earnings ratio of 22.69, a PEG ratio of 3.15 and a beta of 0.26. Ameren Co. has a 52 week low of $69.79 and a 52 week high of $90.77. The company has a 50-day simple moving average of $85.77 and a 200 day simple moving average of $84.26.

Ameren (NYSE:AEE) last posted its quarterly earnings data on Wednesday, August 4th. The utilities provider reported $0.80 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.02. The firm had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.41 billion. Ameren had a net margin of 15.38% and a return on equity of 10.11%. During the same quarter in the previous year, the firm posted $0.98 EPS. Sell-side analysts forecast that Ameren Co. will post 3.76 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 31st. Shareholders of record on Wednesday, December 8th will be issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 2.66%. The ex-dividend date of this dividend is Tuesday, December 7th. Ameren’s dividend payout ratio is currently 62.86%.

Several research analysts have recently weighed in on AEE shares. Mizuho lowered their price objective on shares of Ameren from $88.00 to $83.00 and set a “neutral” rating on the stock in a research note on Thursday, September 30th. They noted that the move was a valuation call. Morgan Stanley reduced their target price on shares of Ameren from $92.00 to $90.00 and set an “equal weight” rating for the company in a report on Friday, September 17th. Finally, BMO Capital Markets lifted their target price on shares of Ameren from $88.00 to $91.00 and gave the stock an “outperform” rating in a report on Tuesday, August 24th. They noted that the move was a valuation call. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $88.50.

About Ameren

Ameren Corp. is a public utility holding company, which engages in the provision of electric and natural gas services. It operates through the following segments: Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, Ameren Transmission, and Other. The Ameren Transmission segment consists of the aggregated electric transmission businesses of Ameren Illinois and Ameren Transmission Company of Illinois (ATXI).

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Institutional Ownership by Quarter for Ameren (NYSE:AEE)

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