Ameren Corp (NYSE:AEE) Stock Position Lessened by Swiss National Bank

Swiss National Bank decreased its holdings in Ameren Corp (NYSE:AEE) by 2.1% in the 4th quarter, HoldingsChannel reports. The firm owned 1,265,562 shares of the utilities provider’s stock after selling 27,700 shares during the quarter. Swiss National Bank’s holdings in Ameren were worth $97,195,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the company. Millennium Management LLC increased its stake in shares of Ameren by 1,224.6% in the 3rd quarter. Millennium Management LLC now owns 3,369,083 shares of the utilities provider’s stock valued at $269,695,000 after buying an additional 3,114,736 shares during the period. Pictet Asset Management Ltd. increased its stake in Ameren by 44.1% in the third quarter. Pictet Asset Management Ltd. now owns 3,099,013 shares of the utilities provider’s stock valued at $248,076,000 after acquiring an additional 948,038 shares during the last quarter. Point72 Asset Management L.P. increased its stake in Ameren by 1,273.7% in the third quarter. Point72 Asset Management L.P. now owns 407,979 shares of the utilities provider’s stock valued at $32,659,000 after acquiring an additional 378,279 shares during the last quarter. Retirement Systems of Alabama increased its stake in Ameren by 287.7% in the third quarter. Retirement Systems of Alabama now owns 444,041 shares of the utilities provider’s stock valued at $35,545,000 after acquiring an additional 329,509 shares during the last quarter. Finally, MERIAN GLOBAL INVESTORS UK Ltd increased its stake in Ameren by 361.3% in the fourth quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 404,396 shares of the utilities provider’s stock valued at $8,991,000 after acquiring an additional 316,726 shares during the last quarter. 75.23% of the stock is owned by institutional investors.

A number of research firms recently commented on AEE. Guggenheim began coverage on Ameren in a research note on Tuesday, January 7th. They issued a “buy” rating and a $82.00 target price on the stock. Morgan Stanley raised Ameren from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, January 29th. Goldman Sachs Group raised Ameren from a “neutral” rating to a “buy” rating and set a $86.00 target price on the stock in a research note on Wednesday, January 15th. JPMorgan Chase & Co. began coverage on Ameren in a research note on Wednesday, December 11th. They issued an “overweight” rating and a $82.00 target price on the stock. Finally, UBS Group raised Ameren from a “neutral” rating to a “buy” rating and raised their price objective for the company from $83.00 to $86.00 in a research note on Tuesday, October 29th. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $83.56.

Shares of NYSE:AEE traded up $0.78 on Friday, reaching $86.53. 22,602 shares of the company traded hands, compared to its average volume of 1,431,207. The business’s 50-day simple moving average is $79.55 and its 200 day simple moving average is $77.21. Ameren Corp has a 52 week low of $68.26 and a 52 week high of $85.85. The stock has a market capitalization of $20.66 billion, a P/E ratio of 26.63, a price-to-earnings-growth ratio of 3.92 and a beta of 0.17. 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 business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Wednesday, March 11th will be paid a dividend of $0.495 per share. This represents a $1.98 dividend on an annualized basis and a dividend yield of 2.29%. Ameren’s dividend payout ratio (DPR) is currently 58.75%.

Ameren 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.

Further Reading: What is a dividend reinvestment plan?

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.