Advisor Group Holdings Inc. cut its holdings in Ameren Co. (NYSE:AEE – Get Rating) by 1.4% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 81,875 shares of the utilities provider’s stock after selling 1,141 shares during the quarter. Advisor Group Holdings Inc.’s holdings in Ameren were worth $7,614,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Stonebridge Capital Advisors LLC boosted its position in Ameren by 885.7% during the 4th quarter. Stonebridge Capital Advisors LLC now owns 276 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 248 shares during the last quarter. EverSource Wealth Advisors LLC bought a new stake in shares of Ameren during the 4th quarter worth approximately $26,000. Johnson Financial Group Inc. bought a new stake in shares of Ameren during the 4th quarter worth approximately $38,000. FSB Premier Wealth Management Inc. bought a new stake in shares of Ameren during the 4th quarter worth approximately $38,000. Finally, GHP Investment Advisors Inc. bought a new stake in shares of Ameren during the 1st quarter worth approximately $47,000. 75.06% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
AEE has been the topic of a number of analyst reports. Mizuho dropped their price objective on Ameren from $95.00 to $92.00 and set a “neutral” rating on the stock in a research note on Friday, July 8th. UBS Group cut Ameren from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $94.00 to $96.00 in a research note on Thursday, June 30th. Barclays dropped their price objective on Ameren from $99.00 to $91.00 and set an “equal weight” rating on the stock in a research note on Monday, July 18th. Morgan Stanley increased their price target on Ameren from $87.00 to $94.00 and gave the company an “equal weight” rating in a research note on Thursday, July 21st. Finally, Credit Suisse Group assumed coverage on Ameren in a research note on Monday, April 25th. They issued an “outperform” rating and a $104.00 price target on the stock. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $96.75.
Ameren Stock Performance
Ameren (NYSE:AEE – Get Rating) last released its quarterly earnings data on Thursday, August 4th. The utilities provider reported $0.80 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.07). The business had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.52 billion. Ameren had a net margin of 15.04% and a return on equity of 10.33%. The business’s quarterly revenue was up 17.3% compared to the same quarter last year. During the same period last year, the business earned $0.80 earnings per share. Sell-side analysts expect that Ameren Co. will post 4.08 EPS for the current fiscal year.
Ameren Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 30th. Investors of record on Wednesday, June 8th were paid a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 2.58%. The ex-dividend date was Tuesday, June 7th. Ameren’s dividend payout ratio (DPR) is presently 60.51%.
Insider Activity at Ameren
In related news, insider Mark C. Birk sold 4,000 shares of the firm’s stock in a transaction dated Thursday, June 2nd. The stock was sold at an average price of $93.90, for a total value of $375,600.00. Following the sale, the insider now directly owns 80,541 shares of the company’s stock, valued at $7,562,799.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CFO Michael L. Moehn sold 2,630 shares of the firm’s stock in a transaction dated Wednesday, June 1st. The stock was sold at an average price of $95.32, for a total transaction of $250,691.60. Following the completion of the transaction, the chief financial officer now directly owns 148,060 shares in the company, valued at $14,113,079.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Mark C. Birk sold 4,000 shares of the firm’s stock in a transaction dated Thursday, June 2nd. The stock was sold at an average price of $93.90, for a total value of $375,600.00. Following the transaction, the insider now owns 80,541 shares of the company’s stock, valued at $7,562,799.90. The disclosure for this sale can be found here. 0.52% of the stock is currently owned by insiders.
Ameren Corporation, together with its subsidiaries, operates as a public utility holding company in the United States. It operates through four segments: Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, and Ameren Transmission. The company engages in the rate-regulated electric generation, transmission, and distribution activities; and rate-regulated natural gas distribution and transmission businesses.
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