Nisa Investment Advisors LLC trimmed its position in Ameren Corp (NYSE:AEE) by 2.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 74,210 shares of the utilities provider’s stock after selling 2,073 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Ameren were worth $5,458,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. V Wealth Advisors LLC boosted its holdings in Ameren by 4.7% in the fourth quarter. V Wealth Advisors LLC now owns 3,330 shares of the utilities provider’s stock valued at $216,000 after acquiring an additional 150 shares in the last quarter. HCR Wealth Advisors boosted its holdings in shares of Ameren by 1.9% during the 4th quarter. HCR Wealth Advisors now owns 8,417 shares of the utilities provider’s stock valued at $549,000 after buying an additional 154 shares in the last quarter. Dupont Capital Management Corp boosted its holdings in shares of Ameren by 5.6% during the 4th quarter. Dupont Capital Management Corp now owns 3,119 shares of the utilities provider’s stock valued at $203,000 after buying an additional 166 shares in the last quarter. Cigna Investments Inc. New boosted its holdings in shares of Ameren by 1.9% during the 4th quarter. Cigna Investments Inc. New now owns 11,757 shares of the utilities provider’s stock valued at $767,000 after buying an additional 222 shares in the last quarter. Finally, Pure Financial Advisors Inc. boosted its holdings in shares of Ameren by 3.0% during the 1st quarter. Pure Financial Advisors Inc. now owns 7,804 shares of the utilities provider’s stock valued at $574,000 after buying an additional 224 shares in the last quarter. 72.47% of the stock is currently owned by institutional investors.
In other news, SVP Gregory L. Nelson sold 29,548 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $70.84, for a total transaction of $2,093,180.32. Following the completion of the sale, the senior vice president now owns 37,268 shares of the company’s stock, valued at approximately $2,640,065.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Warner L. Baxter sold 41,090 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $70.77, for a total transaction of $2,907,939.30. Following the sale, the chief executive officer now directly owns 364,913 shares of the company’s stock, valued at approximately $25,824,893.01. The disclosure for this sale can be found here. In the last three months, insiders sold 121,873 shares of company stock valued at $8,639,431. 0.52% of the stock is owned by insiders.
A number of brokerages have recently commented on AEE. ValuEngine cut shares of Ameren from a “buy” rating to a “hold” rating in a report on Thursday, April 4th. Morgan Stanley set a $73.00 target price on shares of Ameren and gave the company a “hold” rating in a report on Friday, February 22nd. Zacks Investment Research cut shares of Ameren from a “buy” rating to a “hold” rating in a report on Wednesday, March 6th. Finally, Wells Fargo & Co boosted their target price on shares of Ameren from $73.00 to $77.00 and gave the company an “outperform” rating in a report on Monday, February 11th. Eight equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $68.43.
Shares of Ameren stock opened at $70.48 on Monday. The stock has a market capitalization of $17.30 billion, a P/E ratio of 20.91, a PEG ratio of 3.45 and a beta of 0.29. Ameren Corp has a 1 year low of $55.21 and a 1 year high of $74.91. The company has a current ratio of 0.57, a quick ratio of 0.39 and a debt-to-equity ratio of 1.01.
Ameren (NYSE:AEE) last announced its quarterly earnings results on Thursday, February 14th. The utilities provider reported $0.28 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.04). The firm had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.56 billion. Ameren had a return on equity of 10.87% and a net margin of 12.95%. The business’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.39 EPS. As a group, analysts expect that Ameren Corp will post 3.27 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Wednesday, March 13th were given a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date was Tuesday, March 12th. Ameren’s dividend payout ratio (DPR) is 56.38%.
Ameren Corporation 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.
Featured Article: What is the return on assets formula?
Receive News & Ratings for Ameren Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ameren and related companies with MarketBeat.com's FREE daily email newsletter.