Terril Brothers Inc. reduced its position in Ameren Corporation (NYSE:AEE) by 3.3% during the fourth quarter, Holdings Channel reports. The firm owned 22,400 shares of the company’s stock after selling 764 shares during the period. Ameren Corporation makes up approximately 0.4% of Terril Brothers Inc.’s holdings, making the stock its 27th largest position. Terril Brothers Inc.’s holdings in Ameren Corporation were worth $1,175,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in AEE. Acropolis Investment Management LLC raised its position in shares of Ameren Corporation by 0.5% in the third quarter. Acropolis Investment Management LLC now owns 2,372 shares of the company’s stock worth $117,000 after buying an additional 11 shares in the last quarter. FTB Advisors Inc. raised its position in shares of Ameren Corporation by 3.7% in the second quarter. FTB Advisors Inc. now owns 2,597 shares of the company’s stock worth $138,000 after buying an additional 92 shares in the last quarter. Shinko Asset Management Co. Ltd. raised its position in shares of Ameren Corporation by 582.7% in the third quarter. Shinko Asset Management Co. Ltd. now owns 4,335 shares of the company’s stock worth $213,000 after buying an additional 3,700 shares in the last quarter. Edmonds Duncan Registered Investment Advisors LLC raised its position in shares of Ameren Corporation by 2.4% in the second quarter. Edmonds Duncan Registered Investment Advisors LLC now owns 4,257 shares of the company’s stock worth $214,000 after buying an additional 100 shares in the last quarter. Finally, Aveo Capital Partners LLC bought a new position in shares of Ameren Corporation during the fourth quarter worth $216,000. 69.75% of the stock is owned by hedge funds and other institutional investors.
Ameren Corporation (NYSE:AEE) traded up 0.23% during trading on Monday, reaching $53.05. 1,404,399 shares of the company’s stock traded hands. The company has a 50-day moving average price of $52.35 and a 200 day moving average price of $50.41. The firm has a market capitalization of $12.87 billion, a PE ratio of 19.84 and a beta of 0.36. Ameren Corporation has a one year low of $44.84 and a one year high of $54.08.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 31st. Shareholders of record on Tuesday, March 14th will be given a $0.44 dividend. The ex-dividend date of this dividend is Friday, March 10th. This represents a $1.76 dividend on an annualized basis and a yield of 3.32%. Ameren Corporation’s payout ratio is currently 65.67%.
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A number of equities analysts recently weighed in on AEE shares. Zacks Investment Research lowered shares of Ameren Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, December 13th. Argus restated a “hold” rating on shares of Ameren Corporation in a research report on Tuesday, October 18th. Finally, Barclays PLC upped their target price on shares of Ameren Corporation to $56.00 and gave the stock a “buy” rating in a research report on Friday, January 20th.
In other Ameren Corporation news, insider Maureen A. Borkowski sold 3,850 shares of the company’s stock in a transaction dated Tuesday, January 17th. The shares were sold at an average price of $52.08, for a total value of $200,508.00. Following the transaction, the insider now owns 30,972 shares of the company’s stock, valued at $1,613,021.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.38% of the company’s stock.
Ameren Corporation Company Profile
Ameren Corporation (Ameren) is a public utility holding company. Ameren’s primary assets are its equity interests in its subsidiaries, including Union Electric Company (doing business as Ameren Missouri) and Ameren Illinois Company (Ameren Illinois). Ameren operates through two segments: Ameren Missouri and Ameren Illinois.
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