Nuveen Asset Management LLC Sells 102,022 Shares of Ameren Corporation (AEE)

Nuveen Asset Management LLC cut its position in shares of Ameren Corporation (NYSE:AEE) by 93.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,259 shares of the utilities provider’s stock after selling 102,022 shares during the period. Nuveen Asset Management LLC’s holdings in Ameren Corporation were worth $396,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of AEE. Ngam Advisors L.P. increased its stake in Ameren Corporation by 57.3% in the first quarter. Ngam Advisors L.P. now owns 37,363 shares of the utilities provider’s stock worth $2,040,000 after buying an additional 13,603 shares in the last quarter. Credit Suisse AG increased its stake in Ameren Corporation by 17.5% in the first quarter. Credit Suisse AG now owns 355,359 shares of the utilities provider’s stock worth $19,399,000 after buying an additional 52,967 shares in the last quarter. Conning Inc. increased its stake in Ameren Corporation by 1.3% in the first quarter. Conning Inc. now owns 6,435 shares of the utilities provider’s stock worth $351,000 after buying an additional 80 shares in the last quarter. Archford Capital Strategies LLC acquired a new stake in Ameren Corporation during the first quarter worth about $1,462,000. Finally, Swiss National Bank increased its stake in Ameren Corporation by 24.8% in the first quarter. Swiss National Bank now owns 968,193 shares of the utilities provider’s stock worth $52,854,000 after buying an additional 192,100 shares in the last quarter. 71.07% of the stock is owned by hedge funds and other institutional investors.

Shares of Ameren Corporation (AEE) opened at 59.21 on Friday. The company has a market cap of $14.37 billion, a P/E ratio of 20.72 and a beta of 0.36. The stock’s 50 day moving average is $56.28 and its 200-day moving average is $55.29. Ameren Corporation has a one year low of $46.84 and a one year high of $59.75.

Ameren Corporation (NYSE:AEE) last announced its earnings results on Friday, August 4th. The utilities provider reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.10. Ameren Corporation had a net margin of 11.11% and a return on equity of 9.57%. The business had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.42 billion. During the same period in the previous year, the business posted $0.61 earnings per share. Ameren Corporation’s revenue for the quarter was up 7.8% on a year-over-year basis. Equities research analysts forecast that Ameren Corporation will post $2.81 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Wednesday, September 13th will be given a dividend of $0.44 per share. The ex-dividend date of this dividend is Tuesday, September 12th. This represents a $1.76 annualized dividend and a yield of 2.97%. Ameren Corporation’s payout ratio is presently 61.54%.

AEE has been the subject of a number of recent research reports. Goldman Sachs Group, Inc. (The) downgraded shares of Ameren Corporation from a “neutral” rating to a “sell” rating and set a $51.00 price objective for the company. in a report on Monday, June 26th. Barclays PLC reissued an “overweight” rating and issued a $60.00 price objective (up previously from $56.00) on shares of Ameren Corporation in a report on Sunday, April 23rd. BidaskClub raised shares of Ameren Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Ameren Corporation in a report on Monday, July 10th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. Ameren Corporation has an average 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 Ameren Corporation stock in a transaction that occurred 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 directly owns 145,939 shares in the company, valued at $8,206,149.97. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.38% of the company’s stock.

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.