Oppenheimer Asset Management Inc. Lowers Stake in Ameren Corp (NYSE:AEE)

Oppenheimer Asset Management Inc. cut its position in shares of Ameren Corp (NYSE:AEE) by 27.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 432 shares of the utilities provider’s stock after selling 165 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Ameren were worth $35,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AEE. Retirement Systems of Alabama boosted its position in shares of Ameren by 0.5% in the second quarter. Retirement Systems of Alabama now owns 114,532 shares of the utilities provider’s stock worth $8,602,000 after acquiring an additional 617 shares during the last quarter. NN Investment Partners Holdings N.V. boosted its position in shares of Ameren by 363.7% in the second quarter. NN Investment Partners Holdings N.V. now owns 94,309 shares of the utilities provider’s stock worth $7,084,000 after acquiring an additional 73,971 shares during the last quarter. 6 Meridian boosted its position in shares of Ameren by 2.0% in the second quarter. 6 Meridian now owns 7,241 shares of the utilities provider’s stock worth $544,000 after acquiring an additional 139 shares during the last quarter. Raymond James Trust N.A. boosted its position in shares of Ameren by 26.5% in the second quarter. Raymond James Trust N.A. now owns 7,720 shares of the utilities provider’s stock worth $580,000 after acquiring an additional 1,617 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its position in shares of Ameren by 10.8% in the second quarter. Oregon Public Employees Retirement Fund now owns 58,664 shares of the utilities provider’s stock worth $4,406,000 after acquiring an additional 5,700 shares during the last quarter. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE:AEE opened at $76.53 on Friday. The company has a current ratio of 0.65, a quick ratio of 0.44 and a debt-to-equity ratio of 1.05. The company has a fifty day simple moving average of $77.14 and a 200 day simple moving average of $76.07. The firm has a market cap of $18.26 billion, a PE ratio of 22.71, a price-to-earnings-growth ratio of 3.68 and a beta of 0.19. Ameren Corp has a 12-month low of $62.51 and a 12-month high of $80.85.

Ameren (NYSE:AEE) last released its earnings results on Friday, November 8th. The utilities provider reported $1.47 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.01. Ameren had a net margin of 13.34% and a return on equity of 10.10%. The firm had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.79 billion. During the same quarter in the previous year, the firm earned $1.50 earnings per share. The firm’s revenue for the quarter was down 3.8% compared to the same quarter last year. As a group, equities research analysts forecast that Ameren Corp will post 3.27 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Wednesday, December 11th will be paid a dividend of $0.495 per share. This is a positive change from Ameren’s previous quarterly dividend of $0.48. The ex-dividend date is Tuesday, December 10th. This represents a $1.98 annualized dividend and a yield of 2.59%. Ameren’s payout ratio is presently 56.38%.

Several equities research analysts recently issued reports on the stock. Morgan Stanley raised their target price on shares of Ameren from $78.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 25th. Wells Fargo & Co reduced their price target on shares of Ameren from $86.00 to $83.00 and set an “outperform” rating on the stock in a research report on Monday. UBS Group raised shares of Ameren from a “neutral” rating to a “buy” rating and lifted their price target for the company from $83.00 to $86.00 in a research report on Tuesday, October 29th. SunTrust Banks reduced their price target on shares of Ameren from $84.00 to $81.00 and set a “hold” rating on the stock in a research report on Wednesday, October 16th. Finally, Wolfe Research raised shares of Ameren from a “market perform” rating to an “outperform” rating and set a $80.00 price target on the stock in a research report on Thursday, September 12th. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $79.83.

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.

Recommended Story: What is a CD ladder?

Want to see what other hedge funds are holding AEE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ameren Corp (NYSE:AEE).

Institutional Ownership by Quarter for Ameren (NYSE:AEE)

Receive News & Ratings for Ameren Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ameren and related companies with MarketBeat.com's FREE daily email newsletter.