Ameren Co. (NYSE:AEE) Shares Sold by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC lessened its holdings in Ameren Co. (NYSE:AEEFree Report) by 9.5% in the 3rd quarter, Holdings Channel.com reports. The firm owned 6,484 shares of the utilities provider’s stock after selling 681 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Ameren were worth $485,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Colony Group LLC lifted its stake in Ameren by 3.7% during the first quarter. Colony Group LLC now owns 3,405 shares of the utilities provider’s stock worth $294,000 after purchasing an additional 120 shares in the last quarter. Kestra Advisory Services LLC increased its position in shares of Ameren by 1.9% during the second quarter. Kestra Advisory Services LLC now owns 6,943 shares of the utilities provider’s stock worth $567,000 after acquiring an additional 128 shares during the period. Savant Capital LLC increased its position in shares of Ameren by 2.2% during the second quarter. Savant Capital LLC now owns 6,079 shares of the utilities provider’s stock worth $496,000 after acquiring an additional 131 shares during the period. Captrust Financial Advisors increased its position in shares of Ameren by 0.7% during the second quarter. Captrust Financial Advisors now owns 18,055 shares of the utilities provider’s stock worth $1,475,000 after acquiring an additional 131 shares during the period. Finally, Advisors Asset Management Inc. increased its position in shares of Ameren by 2.3% during the first quarter. Advisors Asset Management Inc. now owns 5,928 shares of the utilities provider’s stock worth $512,000 after acquiring an additional 133 shares during the period. Hedge funds and other institutional investors own 77.77% of the company’s stock.

Ameren Price Performance

Shares of AEE opened at $68.70 on Friday. Ameren Co. has a fifty-two week low of $67.32 and a fifty-two week high of $91.18. The company has a market capitalization of $18.06 billion, a price-to-earnings ratio of 15.61, a price-to-earnings-growth ratio of 2.51 and a beta of 0.43. The firm has a 50-day simple moving average of $72.39 and a 200-day simple moving average of $76.46. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.33 and a current ratio of 0.52.

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

Ameren Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Wednesday, March 13th will be given a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 3.90%. This is an increase from Ameren’s previous quarterly dividend of $0.63. Ameren’s dividend payout ratio (DPR) is presently 57.27%.

Insider Activity at Ameren

In related news, Director Rafael Flores sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $77.65, for a total value of $116,475.00. Following the completion of the sale, the director now owns 13,007 shares in the company, valued at $1,009,993.55. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Ameren news, Director Rafael Flores sold 1,500 shares of the stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $77.65, for a total value of $116,475.00. Following the completion of the transaction, the director now directly owns 13,007 shares of the company’s stock, valued at $1,009,993.55. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Michael L. Moehn sold 3,244 shares of the stock in a transaction dated 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 transaction, the chief financial officer now directly owns 198,937 shares of the company’s stock, valued at $15,373,851.36. The disclosure for this sale can be found here. 0.42% of the stock is owned by insiders.

Analysts Set New Price Targets

AEE has been the topic of several recent analyst reports. JPMorgan Chase & Co. lowered Ameren from an “overweight” rating to a “neutral” rating in a report on Monday, December 18th. Morgan Stanley increased their target price on Ameren from $80.00 to $82.00 and gave the company an “equal weight” rating in a report on Tuesday, November 21st. Evercore ISI downgraded shares of Ameren from an “outperform” rating to an “in-line” rating in a research note on Friday, December 15th. Bank of America downgraded shares of Ameren from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $82.00 to $77.00 in a research note on Thursday, January 4th. Finally, Barclays upped their price objective on shares of Ameren from $71.00 to $72.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 17th. Eight equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $82.33.

View Our Latest Stock Analysis on AEE

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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