Ameren Corporation (NYSE:AEE) Shares Sold by TD Asset Management Inc.

TD Asset Management Inc. reduced its stake in shares of Ameren Corporation (NYSE:AEE) by 5.8% during the second quarter, Holdings Channel reports. The fund owned 519,651 shares of the utilities provider’s stock after selling 32,221 shares during the period. TD Asset Management Inc.’s holdings in Ameren Corporation were worth $28,410,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Acropolis Investment Management LLC boosted its position in shares of Ameren Corporation by 0.5% in the second quarter. Acropolis Investment Management LLC now owns 2,406 shares of the utilities provider’s stock valued at $132,000 after buying an additional 11 shares during the last quarter. Cleararc Capital Inc. boosted its position in shares of Ameren Corporation by 0.5% in the first quarter. Cleararc Capital Inc. now owns 5,944 shares of the utilities provider’s stock valued at $324,000 after buying an additional 31 shares during the last quarter. ING Groep NV boosted its position in shares of Ameren Corporation by 0.4% in the second quarter. ING Groep NV now owns 12,426 shares of the utilities provider’s stock valued at $679,000 after buying an additional 45 shares during the last quarter. FTB Advisors Inc. boosted its position in shares of Ameren Corporation by 1.9% in the first quarter. FTB Advisors Inc. now owns 2,646 shares of the utilities provider’s stock valued at $144,000 after buying an additional 49 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. boosted its position in shares of Ameren Corporation by 2.4% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,408 shares of the utilities provider’s stock valued at $132,000 after buying an additional 56 shares during the last quarter. Institutional investors and hedge funds own 71.82% of the company’s stock.

Shares of Ameren Corporation (NYSE:AEE) opened at 58.54 on Friday. The firm has a market cap of $14.20 billion, a PE ratio of 20.49 and a beta of 0.36. Ameren Corporation has a 52 week low of $46.84 and a 52 week high of $58.75. The company’s 50-day moving average is $55.76 and its 200-day moving average is $54.99.

Ameren Corporation (NYSE:AEE) last issued its quarterly earnings results on Friday, August 4th. The utilities provider reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.10. The business had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.42 billion. Ameren Corporation had a net margin of 11.11% and a return on equity of 9.57%. The business’s revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.61 earnings per share. Analysts forecast that Ameren Corporation will post $2.79 EPS for the current fiscal year.

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Several research analysts have recently issued reports on the stock. Morgan Stanley upped their target price on shares of Ameren Corporation from $56.00 to $57.00 and gave the company an “overweight” rating in a report on Thursday. BidaskClub cut shares of Ameren Corporation from a “hold” rating to a “sell” rating in a report on Saturday, July 1st. Barclays PLC cut shares of Ameren Corporation from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $60.00 to $58.00 in a report on Thursday, May 25th. Zacks Investment Research cut shares of Ameren Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, April 18th. Finally, Goldman Sachs Group, Inc. (The) cut shares of Ameren Corporation from a “neutral” rating to a “sell” rating and set a $51.00 price target for the company. in a research note on Monday, June 26th. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $55.20.

In other Ameren Corporation news, Chairman Warner L. Baxter sold 13,310 shares of the business’s stock in a transaction on Friday, June 9th. The shares were sold at an average price of $56.23, for a total transaction of $748,421.30. Following the completion of the sale, the chairman now owns 145,939 shares in the company, valued at $8,206,149.97. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.38% of the stock is owned by insiders.

Ameren Corporation Company Profile

Ameren Corporation is a utility holding company. The Company’s subsidiaries include Ameren Missouri, Ameren Illinois and Ameren Transmission Company (ATXI). It operates through four segments. The Ameren Missouri segment includes all of the operations of Ameren Missouri. The Ameren Illinois Electric Distribution segment consists of the electric distribution business of Ameren Illinois.

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Institutional Ownership by Quarter for Ameren Corporation (NYSE:AEE)

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