Toronto Dominion Bank Lowers Stock Holdings in Ameren Corp (NYSE:AEE)

Toronto Dominion Bank lowered its holdings in shares of Ameren Corp (NYSE:AEE) by 9.2% during the second quarter, HoldingsChannel.com reports. The firm owned 144,234 shares of the utilities provider’s stock after selling 14,699 shares during the period. Toronto Dominion Bank’s holdings in Ameren were worth $10,830,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of AEE. Interactive Financial Advisors purchased a new position in Ameren during the first quarter worth approximately $33,000. SRS Capital Advisors Inc. purchased a new position in Ameren during the second quarter worth approximately $57,000. Kavar Capital Partners LLC purchased a new position in shares of Ameren in the second quarter valued at approximately $84,000. Altshuler Shaham Ltd lifted its position in shares of Ameren by 102.2% in the second quarter. Altshuler Shaham Ltd now owns 1,219 shares of the utilities provider’s stock valued at $92,000 after acquiring an additional 616 shares in the last quarter. Finally, Motco lifted its position in shares of Ameren by 12.4% in the second quarter. Motco now owns 1,498 shares of the utilities provider’s stock valued at $113,000 after acquiring an additional 165 shares in the last quarter. Institutional investors own 70.90% of the company’s stock.

Shares of NYSE AEE traded up $1.03 during midday trading on Friday, hitting $79.53. The stock had a trading volume of 1,053,677 shares, compared to its average volume of 1,454,173. Ameren Corp has a 1 year low of $62.51 and a 1 year high of $80.85. The company has a quick ratio of 0.39, a current ratio of 0.55 and a debt-to-equity ratio of 1.04. The company has a market capitalization of $19.55 billion, a PE ratio of 23.60, a P/E/G ratio of 3.83 and a beta of 0.22. The stock has a 50 day simple moving average of $77.43 and a 200-day simple moving average of $75.23.

Ameren (NYSE:AEE) last posted its quarterly earnings results on Friday, August 2nd. The utilities provider reported $0.72 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.03). Ameren had a net margin of 13.08% and a return on equity of 10.31%. The company had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same period in the prior year, the business posted $0.97 EPS. As a group, analysts expect that Ameren Corp will post 3.24 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Wednesday, September 11th were issued a $0.475 dividend. The ex-dividend date was Tuesday, September 10th. This represents a $1.90 annualized dividend and a dividend yield of 2.39%. Ameren’s dividend payout ratio is presently 56.38%.

Several equities analysts have recently weighed in on AEE shares. ValuEngine downgraded Ameren from a “buy” rating to a “hold” rating in a research report on Wednesday. Argus upgraded Ameren from a “hold” rating to a “buy” rating in a research report on Thursday, July 25th. Wolfe Research upgraded Ameren from a “market perform” rating to an “outperform” rating and set a $80.00 target price on the stock in a research report on Thursday, September 12th. Bank of America upgraded Ameren from a “neutral” rating to a “buy” rating in a research report on Tuesday, September 17th. They noted that the move was a valuation call. Finally, Morgan Stanley raised their target price on Ameren from $78.00 to $82.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 25th. Seven analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $76.50.

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.

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Institutional Ownership by Quarter for Ameren (NYSE:AEE)

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