Metropolitan Life Insurance Co. NY Sells 77,626 Shares of Ameren Corp (AEE)

Metropolitan Life Insurance Co. NY lowered its stake in Ameren Corp (NYSE:AEE) by 67.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 37,579 shares of the utilities provider’s stock after selling 77,626 shares during the quarter. Metropolitan Life Insurance Co. NY’s holdings in Ameren were worth $2,217,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in AEE. Empire Life Investments Inc. increased its position in Ameren by 0.6% during the fourth quarter. Empire Life Investments Inc. now owns 155,971 shares of the utilities provider’s stock worth $9,201,000 after buying an additional 927 shares during the last quarter. ETRADE Capital Management LLC increased its position in Ameren by 6.1% during the third quarter. ETRADE Capital Management LLC now owns 16,577 shares of the utilities provider’s stock worth $959,000 after buying an additional 956 shares during the last quarter. Zeke Capital Advisors LLC increased its position in Ameren by 31.1% during the fourth quarter. Zeke Capital Advisors LLC now owns 4,552 shares of the utilities provider’s stock worth $269,000 after buying an additional 1,079 shares during the last quarter. ARP Americas LP increased its position in Ameren by 12.5% during the fourth quarter. ARP Americas LP now owns 9,928 shares of the utilities provider’s stock worth $586,000 after buying an additional 1,100 shares during the last quarter. Finally, CIBC Asset Management Inc increased its position in Ameren by 5.0% during the fourth quarter. CIBC Asset Management Inc now owns 25,425 shares of the utilities provider’s stock worth $1,500,000 after buying an additional 1,211 shares during the last quarter. 69.77% of the stock is currently owned by institutional investors and hedge funds.

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Several equities analysts have recently commented on the company. Zacks Investment Research downgraded Ameren from a “hold” rating to a “sell” rating in a research report on Friday, January 5th. UBS assumed coverage on Ameren in a research report on Friday, February 2nd. They issued a “neutral” rating and a $57.00 target price on the stock. ValuEngine downgraded Ameren from a “buy” rating to a “hold” rating in a research report on Monday, December 4th. Finally, Morgan Stanley set a $53.00 target price on Ameren and gave the company a “sell” rating in a research report on Tuesday, February 13th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a strong buy rating to the company’s stock. Ameren presently has a consensus rating of “Hold” and an average target price of $56.20.

In other Ameren news, SVP Mark C. Lindgren sold 1,923 shares of the company’s stock in a transaction on Thursday, March 1st. The stock was sold at an average price of $54.28, for a total transaction of $104,380.44. Following the completion of the sale, the senior vice president now directly owns 57,557 shares in the company, valued at $3,124,193.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Bruce A. Steinke sold 1,952 shares of the stock in a transaction on Thursday, March 1st. The shares were sold at an average price of $54.28, for a total value of $105,954.56. Following the completion of the transaction, the chief accounting officer now owns 41,120 shares of the company’s stock, valued at $2,231,993.60. The disclosure for this sale can be found here. Over the last quarter, insiders sold 16,986 shares of company stock valued at $925,147. 0.44% of the stock is currently owned by corporate insiders.

Ameren Corp (AEE) opened at $54.01 on Monday. Ameren Corp has a 12-month low of $51.89 and a 12-month high of $64.89. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.55 and a quick ratio of 0.37. The company has a market capitalization of $13,104.71, a P/E ratio of 19.02, a PEG ratio of 2.58 and a beta of 0.32.

Ameren (NYSE:AEE) last posted its earnings results on Friday, February 16th. The utilities provider reported $0.39 EPS for the quarter, beating the consensus estimate of $0.34 by $0.05. Ameren had a return on equity of 9.43% and a net margin of 8.47%. The company had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.60 billion. During the same quarter in the prior year, the business earned $0.13 earnings per share. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. sell-side analysts expect that Ameren Corp will post 3.03 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Wednesday, March 14th will be paid a $0.4575 dividend. This represents a $1.83 annualized dividend and a dividend yield of 3.39%. The ex-dividend date of this dividend is Tuesday, March 13th. Ameren’s dividend payout ratio (DPR) is currently 85.12%.

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Ameren 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.

Institutional Ownership by Quarter for Ameren (NYSE:AEE)

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