Zacks Investment Research Lowers Ameren Corporation (AEE) to Hold

Zacks Investment Research downgraded shares of Ameren Corporation (NYSE:AEE) from a buy rating to a hold rating in a report published on Monday morning.

According to Zacks, “Ameren Corp. follows a systematic investment strategy, primarily for growth projects and infrastructure upgrade, which enables it to provide reliable services to its customers, besides meeting increasing demand. Under the Modernization Action Plan, the company has adopted initiatives that will enable it to provide reliable services to its customers, besides meeting increasing demand. Systematic asset divestment programs allow the company to focus on its regulated business. Moreover, the company outperformed the Zacks Categorized Utility-Electric Power industry in the last one year. However, increasing stringency of government regulations to ensure clean power generation remains a major concern. Again, operational risks and fluctuations in commodity price might hinder growth in the future.”

A number of other brokerages have also recently issued reports on AEE. Barclays PLC boosted their price objective on shares of Ameren Corporation to $56.00 and gave the company a buy rating in a report on Friday, January 20th. Argus restated a hold rating on shares of Ameren Corporation in a report on Tuesday, October 18th.

Ameren Corporation (NYSE:AEE) traded up 0.25% during midday trading on Monday, hitting $53.06. The stock had a trading volume of 521,843 shares. The firm has a market cap of $12.87 billion, a P/E ratio of 19.84 and a beta of 0.36. Ameren Corporation has a 12-month low of $44.84 and a 12-month high of $54.08. The stock has a 50-day moving average price of $52.33 and a 200 day moving average price of $50.43.

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The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Investors of record on Tuesday, March 14th will be issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 3.33%. Ameren Corporation’s dividend payout ratio is currently 65.67%.

In other news, insider Maureen A. Borkowski sold 3,850 shares of the company’s stock in a transaction that occurred on Tuesday, January 17th. The shares were sold at an average price of $52.08, for a total value of $200,508.00. Following the completion of the transaction, the insider now owns 30,972 shares in the company, valued at $1,613,021.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.38% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AEE. Acropolis Investment Management LLC boosted its position in Ameren Corporation by 0.5% in the third quarter. Acropolis Investment Management LLC now owns 2,372 shares of the company’s stock valued at $117,000 after buying an additional 11 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Ameren Corporation by 0.4% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 13,909 shares of the company’s stock valued at $730,000 after buying an additional 51 shares during the period. Pure Financial Advisors Inc. boosted its position in Ameren Corporation by 0.8% in the third quarter. Pure Financial Advisors Inc. now owns 7,058 shares of the company’s stock valued at $347,000 after buying an additional 56 shares during the period. Paradigm Financial Advisors LLC boosted its position in Ameren Corporation by 0.7% in the third quarter. Paradigm Financial Advisors LLC now owns 8,520 shares of the company’s stock valued at $419,000 after buying an additional 63 shares during the period. Finally, M&T Bank Corp boosted its position in Ameren Corporation by 0.8% in the third quarter. M&T Bank Corp now owns 11,673 shares of the company’s stock valued at $573,000 after buying an additional 87 shares during the period. Institutional investors own 69.75% 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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