Hennion & Walsh Asset Management Inc. Has $1.49 Million Stake in Ameren Co. (NYSE:AEE)

Hennion & Walsh Asset Management Inc. trimmed its holdings in shares of Ameren Co. (NYSE:AEEFree Report) by 3.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,910 shares of the utilities provider’s stock after selling 788 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Ameren were worth $1,490,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Illinois Municipal Retirement Fund boosted its holdings in Ameren by 136.5% during the second quarter. Illinois Municipal Retirement Fund now owns 97,081 shares of the utilities provider’s stock valued at $7,929,000 after acquiring an additional 56,039 shares during the period. Field & Main Bank boosted its holdings in Ameren by 9.4% during the third quarter. Field & Main Bank now owns 2,975 shares of the utilities provider’s stock valued at $223,000 after acquiring an additional 255 shares during the period. Geode Capital Management LLC boosted its holdings in Ameren by 4.6% during the second quarter. Geode Capital Management LLC now owns 5,821,247 shares of the utilities provider’s stock valued at $474,235,000 after acquiring an additional 254,645 shares during the period. Kestra Advisory Services LLC boosted its holdings in Ameren by 1.9% during the second quarter. Kestra Advisory Services LLC now owns 6,943 shares of the utilities provider’s stock valued at $567,000 after acquiring an additional 128 shares during the period. Finally, UMB Bank n.a. boosted its holdings in Ameren by 2.3% during the second quarter. UMB Bank n.a. now owns 10,522 shares of the utilities provider’s stock valued at $859,000 after acquiring an additional 240 shares during the period. 77.77% of the stock is owned by institutional investors and hedge funds.

Ameren Stock Down 0.4 %

Shares of AEE opened at $71.90 on Friday. The stock has a market cap of $18.91 billion, a price-to-earnings ratio of 16.34, a P/E/G ratio of 2.53 and a beta of 0.45. The company has a quick ratio of 0.33, a current ratio of 0.52 and a debt-to-equity ratio of 1.24. Ameren Co. has a 12 month low of $69.71 and a 12 month high of $91.18. The company has a 50-day moving average price of $75.48 and a two-hundred day moving average price of $78.47.

Ameren (NYSE:AEEGet Free Report) last announced its quarterly earnings results on Thursday, November 9th. The utilities provider reported $1.87 EPS for the quarter, topping analysts’ consensus estimates of $1.80 by $0.07. The firm had revenue of $2.06 billion during the quarter, compared to analysts’ expectations of $2.40 billion. Ameren had a net margin of 14.59% and a return on equity of 10.67%. The company’s revenue for the quarter was down 10.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.74 earnings per share. Equities analysts predict that Ameren Co. will post 4.39 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Bank of America cut shares of Ameren from a “buy” rating to a “neutral” rating and decreased their price target for the company from $82.00 to $77.00 in a report on Thursday, January 4th. Mizuho reduced their target price on shares of Ameren from $77.00 to $72.00 and set a “neutral” rating for the company in a research note on Monday, December 18th. Morgan Stanley increased their target price on shares of Ameren from $80.00 to $82.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 21st. Guggenheim reduced their target price on shares of Ameren from $85.00 to $75.00 in a research note on Monday, October 9th. Finally, JPMorgan Chase & Co. cut shares of Ameren from an “overweight” rating to a “neutral” rating in a research note on Monday, December 18th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Ameren presently has a consensus rating of “Hold” and an average target price of $82.89.

Get Our Latest Research Report on Ameren

Insider Transactions at Ameren

In other news, CFO Michael L. Moehn sold 3,244 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $77.28, for a total transaction of $250,696.32. Following the completion of the sale, the chief financial officer now owns 198,937 shares of the company’s stock, valued at $15,373,851.36. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, Director Rafael Flores sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $77.65, for a total transaction of $116,475.00. Following the completion of the sale, the director now owns 13,007 shares of the company’s stock, valued at $1,009,993.55. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Michael L. Moehn sold 3,244 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $77.28, for a total transaction of $250,696.32. Following the completion of the sale, the chief financial officer now directly owns 198,937 shares of the company’s stock, valued at approximately $15,373,851.36. The disclosure for this sale can be found here. Company insiders own 0.42% of the company’s stock.

Ameren Company Profile

(Free Report)

Ameren Corporation, together with its subsidiaries, operates as a public utility holding company in the United States. The company operates through four segments: Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, and Ameren Transmission. It engages in the rate-regulated electric generation, transmission, and distribution activities; and rate-regulated natural gas distribution and transmission businesses.

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Institutional Ownership by Quarter for Ameren (NYSE:AEE)

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