Financial Counselors Inc. Has $1.57 Million Stock Position in Ameren Co. (NYSE:AEE)

Financial Counselors Inc. lessened its position in shares of Ameren Co. (NYSE:AEE) by 1.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,894 shares of the utilities provider’s stock after selling 244 shares during the quarter. Financial Counselors Inc.’s holdings in Ameren were worth $1,565,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. Millennium Management LLC lifted its holdings in shares of Ameren by 106.1% during the 2nd quarter. Millennium Management LLC now owns 2,498,158 shares of the utilities provider’s stock worth $177,644,000 after acquiring an additional 1,286,162 shares during the period. International Assets Investment Management LLC raised its position in Ameren by 8,645.7% in the third 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 in the last quarter. FMR LLC lifted its stake in Ameren by 59.8% during the third quarter. FMR LLC now owns 2,631,580 shares of the utilities provider’s stock worth $230,158,000 after purchasing an additional 984,879 shares during the period. Assenagon Asset Management S.A. boosted its holdings in Ameren by 3,738.0% during the third quarter. Assenagon Asset Management S.A. now owns 745,872 shares of the utilities provider’s stock valued at $65,234,000 after purchasing an additional 726,438 shares in the last quarter. Finally, ANTIPODES PARTNERS Ltd grew its stake in shares of Ameren by 192.6% in the 2nd quarter. ANTIPODES PARTNERS Ltd now owns 1,103,565 shares of the utilities provider’s stock valued at $78,475,000 after purchasing an additional 726,404 shares during the period. Institutional investors and hedge funds own 79.09% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on AEE shares. Mizuho raised Ameren from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $82.00 to $89.00 in a research note on Monday, September 16th. Wells Fargo & Company boosted their target price on shares of Ameren from $91.00 to $96.00 and gave the company an “overweight” rating in a research note on Friday, September 20th. Jefferies Financial Group initiated coverage on shares of Ameren in a report on Thursday, September 19th. They issued a “buy” rating and a $97.00 target price on the stock. BMO Capital Markets lifted their price target on shares of Ameren from $84.00 to $87.00 and gave the company an “outperform” rating in a report on Tuesday, August 6th. Finally, Bank of America upped their price objective on shares of Ameren from $86.00 to $87.00 and gave the stock a “neutral” rating in a research note on Thursday, August 29th. One analyst has rated the stock with a sell rating, six have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $87.90.

Insider Buying and Selling

In other news, CFO Michael L. Moehn sold 6,500 shares of Ameren stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $92.15, for a total value of $598,975.00. Following the completion of the sale, the chief financial officer now directly owns 205,171 shares of the company’s stock, valued at approximately $18,906,507.65. This trade represents a 3.07 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.42% of the stock is currently owned by corporate insiders.

Ameren Trading Down 0.7 %

AEE opened at $94.36 on Friday. Ameren Co. has a 1-year low of $67.03 and a 1-year high of $95.69. The firm has a 50-day moving average price of $88.98 and a two-hundred day moving average price of $80.95. The stock has a market capitalization of $25.19 billion, a PE ratio of 22.20, a PEG ratio of 3.13 and a beta of 0.45. The company has a current ratio of 0.63, a quick ratio of 0.41 and a debt-to-equity ratio of 1.37.

Ameren Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Wednesday, December 11th will be issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date of this dividend is Wednesday, December 11th. Ameren’s dividend 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.