Ameren Corp (NYSE:AEE) Shares Sold by Smith Graham & Co. Investment Advisors LP

Smith Graham & Co. Investment Advisors LP lowered its stake in Ameren Corp (NYSE:AEE) by 2.7% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 45,360 shares of the utilities provider’s stock after selling 1,240 shares during the period. Smith Graham & Co. Investment Advisors LP’s holdings in Ameren were worth $3,484,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Northwest Investment Counselors LLC purchased a new position in Ameren during the third quarter worth $31,000. Gradient Investments LLC raised its holdings in shares of Ameren by 521.4% in the fourth quarter. Gradient Investments LLC now owns 522 shares of the utilities provider’s stock worth $40,000 after acquiring an additional 438 shares during the last quarter. Resources Management Corp CT ADV acquired a new position in shares of Ameren in the third quarter worth $48,000. Bartlett & Co. LLC lifted its position in shares of Ameren by 94.1% in the third quarter. Bartlett & Co. LLC now owns 1,250 shares of the utilities provider’s stock valued at $100,000 after acquiring an additional 606 shares in the last quarter. Finally, Cullen Frost Bankers Inc. lifted its position in shares of Ameren by 806.3% in the third quarter. Cullen Frost Bankers Inc. now owns 1,296 shares of the utilities provider’s stock valued at $103,000 after acquiring an additional 1,153 shares in the last quarter. 75.14% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:AEE opened at $80.03 on Wednesday. The company has a market cap of $19.62 billion, a P/E ratio of 24.62, a P/E/G ratio of 3.72 and a beta of 0.19. The business has a fifty day simple moving average of $76.40 and a 200-day simple moving average of $76.53. Ameren Corp has a 52 week low of $66.74 and a 52 week high of $80.85. The company has a quick ratio of 0.44, a current ratio of 0.65 and a debt-to-equity ratio of 1.05.

Ameren (NYSE:AEE) last released its earnings results on Friday, November 8th. The utilities provider reported $1.47 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.46 by $0.01. Ameren had a return on equity of 10.10% and a net margin of 13.34%. The firm had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.79 billion. During the same period in the prior year, the business posted $1.50 earnings per share. The firm’s revenue for the quarter was down 3.8% compared to the same quarter last year. Sell-side analysts expect that Ameren Corp will post 3.28 earnings per share for the current fiscal year.

Several research analysts recently weighed in on the stock. ValuEngine downgraded shares of Ameren from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Goldman Sachs Group cut shares of Ameren from a “buy” rating to a “neutral” rating in a research note on Thursday, January 16th. Evercore ISI started coverage on shares of Ameren in a report on Tuesday, December 31st. They set a “hold” rating and a $77.00 price target for the company. Guggenheim started coverage on shares of Ameren in a report on Tuesday, January 7th. They set a “buy” rating and a $82.00 price target for the company. Finally, UBS Group raised shares of Ameren from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $83.00 to $86.00 in a research report on Tuesday, October 29th. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $81.56.

Ameren Company Profile

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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