Allspring Global Investments Holdings LLC trimmed its position in Ameren Co. (NYSE:AEE – Free Report) by 2.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 183,353 shares of the utilities provider’s stock after selling 4,391 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.07% of Ameren worth $14,974,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in the company. Stratos Wealth Partners LTD. lifted its holdings in shares of Ameren by 3.7% in the 2nd quarter. Stratos Wealth Partners LTD. now owns 13,618 shares of the utilities provider’s stock worth $1,112,000 after buying an additional 482 shares during the period. Rothschild Investment Corp IL lifted its stake in shares of Ameren by 1.7% during the 2nd quarter. Rothschild Investment Corp IL now owns 17,252 shares of the utilities provider’s stock worth $1,409,000 after purchasing an additional 287 shares during the last quarter. New Mexico Educational Retirement Board lifted its stake in shares of Ameren by 5.0% during the 2nd quarter. New Mexico Educational Retirement Board now owns 12,546 shares of the utilities provider’s stock worth $1,025,000 after purchasing an additional 600 shares during the last quarter. Gateway Investment Advisers LLC lifted its stake in shares of Ameren by 3.1% during the 2nd quarter. Gateway Investment Advisers LLC now owns 381,495 shares of the utilities provider’s stock worth $31,157,000 after purchasing an additional 11,527 shares during the last quarter. Finally, Xponance Inc. lifted its stake in shares of Ameren by 1.2% during the 2nd quarter. Xponance Inc. now owns 33,150 shares of the utilities provider’s stock worth $2,707,000 after purchasing an additional 388 shares during the last quarter. 77.77% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity at Ameren
In other Ameren news, CFO Michael L. Moehn sold 3,155 shares of Ameren stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $79.63, for a total transaction of $251,232.65. Following the completion of the sale, the chief financial officer now directly owns 161,369 shares of the company’s stock, valued at approximately $12,849,813.47. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.42% of the stock is currently owned by company insiders.
Ameren Price Performance
Ameren (NYSE:AEE – Get Free Report) last issued its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.12. Ameren had a return on equity of 10.50% and a net margin of 13.65%. The business had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.77 billion. During the same period in the previous year, the firm posted $0.80 earnings per share. The company’s revenue was up 2.0% on a year-over-year basis. As a group, research analysts anticipate that Ameren Co. will post 4.37 earnings per share for the current year.
Ameren Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Wednesday, September 13th were issued a $0.63 dividend. The ex-dividend date was Tuesday, September 12th. This represents a $2.52 dividend on an annualized basis and a yield of 3.47%. Ameren’s dividend payout ratio (DPR) is presently 59.02%.
Analyst Upgrades and Downgrades
Several research analysts recently issued reports on the company. Wells Fargo & Company reduced their target price on Ameren from $101.00 to $94.00 and set an “overweight” rating on the stock in a research report on Friday, August 4th. JPMorgan Chase & Co. increased their price objective on Ameren from $94.00 to $95.00 and gave the company an “overweight” rating in a report on Wednesday, August 16th. Guggenheim cut their price objective on Ameren from $89.00 to $85.00 in a report on Friday, July 7th. Barclays started coverage on Ameren in a report on Wednesday, August 23rd. They set an “equal weight” rating and a $80.00 target price on the stock. Finally, KeyCorp increased their price target on Ameren from $90.00 to $91.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 19th. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $89.78.
View Our Latest Research Report on Ameren
Ameren Profile
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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