Advisors Asset Management Inc. Sells 758 Shares of Ameren Co. (NYSE:AEE)

Advisors Asset Management Inc. lowered its position in shares of Ameren Co. (NYSE:AEE) by 9.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,990 shares of the utilities provider’s stock after selling 758 shares during the period. Advisors Asset Management Inc.’s holdings in Ameren were worth $611,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in AEE. Millennium Management LLC grew its position in Ameren by 106.1% in the 2nd quarter. Millennium Management LLC now owns 2,498,158 shares of the utilities provider’s stock worth $177,644,000 after purchasing an additional 1,286,162 shares during the period. Massachusetts Financial Services Co. MA grew its position in Ameren by 6.7% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,954,962 shares of the utilities provider’s stock worth $139,017,000 after purchasing an additional 123,427 shares during the period. Maple Brown Abbott Ltd grew its position in Ameren by 2.3% in the 2nd quarter. Maple Brown Abbott Ltd now owns 1,753,270 shares of the utilities provider’s stock worth $124,675,000 after purchasing an additional 38,750 shares during the period. International Assets Investment Management LLC grew its position in Ameren by 8,645.7% in the 3rd quarter. International Assets Investment Management LLC now owns 1,160,998 shares of the utilities provider’s stock worth $1,015,410,000 after purchasing an additional 1,147,723 shares during the period. Finally, ANTIPODES PARTNERS Ltd grew its position in Ameren by 192.6% in the 2nd quarter. ANTIPODES PARTNERS Ltd now owns 1,103,565 shares of the utilities provider’s stock worth $78,475,000 after purchasing an additional 726,404 shares during the period. Institutional investors own 79.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on AEE. Mizuho raised shares of Ameren from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $82.00 to $89.00 in a research report on Monday, September 16th. Bank of America boosted their price objective on shares of Ameren from $86.00 to $87.00 and gave the company a “neutral” rating in a research report on Thursday, August 29th. Jefferies Financial Group began coverage on shares of Ameren in a research report on Thursday, September 19th. They set a “buy” rating and a $97.00 price objective for the company. Morgan Stanley cut their price objective on shares of Ameren from $88.00 to $86.00 and set an “equal weight” rating for the company in a research report on Friday, November 22nd. Finally, Wells Fargo & Company boosted their price objective on shares of Ameren from $91.00 to $96.00 and gave the company an “overweight” rating in a research report on Friday, September 20th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $87.90.

Insiders Place Their Bets

In other Ameren news, CFO Michael L. Moehn sold 6,500 shares of the business’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $92.15, for a total value of $598,975.00. Following the sale, the chief financial officer now owns 205,171 shares in the company, valued at $18,906,507.65. The trade was a 3.07 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.36% of the company’s stock.

Ameren Stock Up 0.8 %

AEE opened at $94.98 on Thursday. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.41 and a current ratio of 0.63. Ameren Co. has a fifty-two week low of $67.03 and a fifty-two week high of $95.69. The firm’s fifty day moving average is $88.58 and its 200 day moving average is $80.71. The stock has a market cap of $25.35 billion, a price-to-earnings ratio of 22.35, a price-to-earnings-growth ratio of 3.08 and a beta of 0.45.

Ameren Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Wednesday, December 11th will be paid a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 2.82%. The ex-dividend date of this dividend is Wednesday, December 11th. Ameren’s payout ratio is currently 63.06%.

Ameren Company Profile

Ameren Corporation, together with its subsidiaries, operates as a public utility holding company in the United States. The company operates through four segments: Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, and Ameren Transmission. It engages in the rate-regulated electric generation, transmission, and distribution activities; and rate-regulated natural gas distribution business.