Ameren Co. (NYSE:AEE) Shares Acquired by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. boosted its holdings in Ameren Co. (NYSE:AEEGet Rating) by 52.6% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,821 shares of the utilities provider’s stock after acquiring an additional 1,661 shares during the period. Avantax Advisory Services Inc.’s holdings in Ameren were worth $448,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. BlackRock Inc. lifted its holdings in Ameren by 3.9% in the fourth quarter. BlackRock Inc. now owns 20,753,782 shares of the utilities provider’s stock worth $1,847,293,000 after acquiring an additional 786,490 shares during the last quarter. State Street Corp lifted its holdings in Ameren by 0.6% in the fourth quarter. State Street Corp now owns 12,860,807 shares of the utilities provider’s stock worth $1,144,740,000 after acquiring an additional 76,051 shares during the last quarter. Deutsche Bank AG lifted its holdings in Ameren by 13.6% in the fourth quarter. Deutsche Bank AG now owns 5,546,548 shares of the utilities provider’s stock worth $493,699,000 after acquiring an additional 662,273 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Ameren by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 4,855,901 shares of the utilities provider’s stock worth $431,135,000 after acquiring an additional 72,178 shares during the last quarter. Finally, Lazard Asset Management LLC lifted its holdings in Ameren by 2.0% in the fourth quarter. Lazard Asset Management LLC now owns 3,682,048 shares of the utilities provider’s stock worth $327,738,000 after acquiring an additional 72,865 shares during the last quarter. Institutional investors own 75.06% of the company’s stock.

Ameren Trading Down 1.5 %

Ameren stock opened at $86.42 on Tuesday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.48 and a current ratio of 0.65. The firm has a market cap of $22.32 billion, a price-to-earnings ratio of 22.16, a price-to-earnings-growth ratio of 2.99 and a beta of 0.36. Ameren Co. has a 1 year low of $80.27 and a 1 year high of $99.20. The firm’s 50 day moving average price is $90.00 and its two-hundred day moving average price is $89.89.

Ameren (NYSE:AEEGet Rating) last posted its quarterly earnings data on Thursday, May 5th. The utilities provider reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.01. Ameren had a net margin of 15.04% and a return on equity of 10.33%. The firm had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.61 billion. During the same period in the previous year, the company posted $0.91 EPS. The company’s quarterly revenue was up 20.0% compared to the same quarter last year. On average, research analysts predict that Ameren Co. will post 4.08 EPS for the current fiscal year.

Ameren Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 30th. Shareholders of record on Wednesday, June 8th were given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 2.73%. The ex-dividend date was Tuesday, June 7th. Ameren’s payout ratio is 60.51%.

Insiders Place Their Bets

In other Ameren news, insider Mark C. Birk sold 4,000 shares of Ameren stock in a transaction that occurred on Thursday, June 2nd. The shares were sold at an average price of $93.90, for a total transaction of $375,600.00. Following the transaction, the insider now directly owns 80,541 shares in the company, valued at approximately $7,562,799.90. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, insider Mark C. Birk sold 4,000 shares of the business’s stock in a transaction on Thursday, June 2nd. The shares were sold at an average price of $93.90, for a total transaction of $375,600.00. Following the transaction, the insider now directly owns 80,541 shares in the company, valued at approximately $7,562,799.90. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Michael L. Moehn sold 2,630 shares of the business’s stock in a transaction on Wednesday, June 1st. The shares were sold at an average price of $95.32, for a total transaction of $250,691.60. Following the transaction, the chief financial officer now owns 148,060 shares in the company, valued at $14,113,079.20. The disclosure for this sale can be found here. Corporate insiders own 0.52% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on AEE. Wells Fargo & Company raised their target price on shares of Ameren from $95.00 to $100.00 and gave the stock an “overweight” rating in a report on Friday, March 25th. StockNews.com began coverage on Ameren in a report on Thursday, March 31st. They set a “hold” rating on the stock. Credit Suisse Group began coverage on Ameren in a report on Monday, April 25th. They set an “outperform” rating and a $104.00 price target on the stock. UBS Group cut Ameren from a “buy” rating to a “neutral” rating and lifted their price target for the company from $94.00 to $96.00 in a report on Thursday, June 30th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $87.00 price target (down previously from $97.00) on shares of Ameren in a report on Thursday, June 23rd. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Ameren currently has a consensus rating of “Hold” and an average price target of $95.88.

Ameren Company Profile

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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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Institutional Ownership by Quarter for Ameren (NYSE:AEE)

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