Apollon Wealth Management LLC Has $914,000 Position in Ameren Corporation $AEE

Apollon Wealth Management LLC lowered its holdings in Ameren Corporation (NYSE:AEE) by 40.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,152 shares of the utilities provider’s stock after selling 6,223 shares during the period. Apollon Wealth Management LLC’s holdings in Ameren were worth $914,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. CreativeOne Wealth LLC lifted its position in shares of Ameren by 1.3% in the third quarter. CreativeOne Wealth LLC now owns 7,448 shares of the utilities provider’s stock worth $777,000 after purchasing an additional 98 shares in the last quarter. Kentucky Trust Co increased its stake in Ameren by 0.7% in the 4th quarter. Kentucky Trust Co now owns 14,759 shares of the utilities provider’s stock valued at $1,474,000 after buying an additional 100 shares during the period. Segment Wealth Management LLC increased its stake in Ameren by 3.6% in the 3rd quarter. Segment Wealth Management LLC now owns 2,941 shares of the utilities provider’s stock valued at $307,000 after buying an additional 103 shares during the period. Keb Asset Management LLC lifted its position in Ameren by 0.9% in the 3rd quarter. Keb Asset Management LLC now owns 12,568 shares of the utilities provider’s stock worth $1,312,000 after buying an additional 108 shares in the last quarter. Finally, LVW Advisors LLC lifted its position in Ameren by 3.9% in the 3rd quarter. LVW Advisors LLC now owns 2,921 shares of the utilities provider’s stock worth $305,000 after buying an additional 109 shares in the last quarter. Institutional investors and hedge funds own 79.09% of the company’s stock.

Insider Transactions at Ameren

In other news, insider Michael L. Moehn sold 6,500 shares of the firm’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $103.60, for a total value of $673,400.00. Following the sale, the insider directly owned 193,076 shares of the company’s stock, valued at approximately $20,002,673.60. This trade represents a 3.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.29% of the stock is owned by company insiders.

Analysts Set New Price Targets

AEE has been the topic of several research analyst reports. Royal Bank Of Canada restated a “sector perform” rating and set a $116.00 price target on shares of Ameren in a report on Friday, January 23rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Ameren in a report on Monday, December 29th. Morgan Stanley set a $116.00 price objective on Ameren in a research report on Friday, February 20th. Wells Fargo & Company boosted their target price on Ameren from $111.00 to $113.00 and gave the company an “overweight” rating in a research note on Friday, February 13th. Finally, JPMorgan Chase & Co. upped their target price on Ameren from $108.00 to $111.00 and gave the stock a “neutral” rating in a research report on Thursday, January 15th. Seven analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $114.92.

Ameren Price Performance

Shares of NYSE:AEE opened at $111.91 on Wednesday. The stock has a market capitalization of $30.96 billion, a P/E ratio of 20.92, a P/E/G ratio of 2.27 and a beta of 0.52. The business has a 50-day moving average of $110.10 and a two-hundred day moving average of $105.16. Ameren Corporation has a fifty-two week low of $93.27 and a fifty-two week high of $115.53. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.66 and a quick ratio of 0.46.

Ameren (NYSE:AEE) last issued its quarterly earnings data on Wednesday, February 11th. The utilities provider reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.01. Ameren had a return on equity of 10.69% and a net margin of 16.55%.The business had revenue of $1.78 billion for the quarter, compared to the consensus estimate of $1.69 billion. During the same period last year, the business earned $0.77 EPS. The firm’s revenue was down 8.2% compared to the same quarter last year. On average, equities research analysts predict that Ameren Corporation will post 4.93 EPS for the current fiscal year.

Ameren Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 10th were issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 2.7%. This is a positive change from Ameren’s previous quarterly dividend of $0.71. The ex-dividend date was Tuesday, March 10th. Ameren’s dividend payout ratio is currently 56.07%.

Ameren Company Profile

Ameren Corporation (NYSE: AEE) is an integrated energy company headquartered in St. Louis, Missouri, that provides electric and natural gas delivery and related services in portions of Missouri and Illinois. The company operates regulated utility businesses that serve a broad mix of residential, commercial and industrial customers, and it participates in wholesale energy markets and transmission operations that support reliable service across its service territories.

Ameren’s core activities include generation, transmission and distribution of electricity, distribution of natural gas, and the provision of customer energy solutions such as demand-side management and energy efficiency programs.