Jones Financial Companies Lllp decreased its holdings in shares of Ameren Corp (NYSE:AEE) by 17.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,071 shares of the utilities provider’s stock after selling 639 shares during the quarter. Jones Financial Companies Lllp’s holdings in Ameren were worth $230,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Cornerstone Advisors Inc. grew its stake in Ameren by 104.9% in the 1st quarter. Cornerstone Advisors Inc. now owns 373 shares of the utilities provider’s stock valued at $27,000 after buying an additional 191 shares during the last quarter. Interactive Financial Advisors acquired a new position in Ameren in the 1st quarter valued at $33,000. Cullen Frost Bankers Inc. acquired a new position in Ameren in the 1st quarter valued at $34,000. Kavar Capital Partners LLC acquired a new position in Ameren in the 2nd quarter valued at $84,000. Finally, Farmers National Bank acquired a new position in Ameren in the 1st quarter valued at $94,000. Institutional investors own 70.29% of the company’s stock.

Shares of NYSE:AEE traded up $0.27 during midday trading on Monday, reaching $76.91. 13,896 shares of the company’s stock were exchanged, compared to its average volume of 1,952,342. The company’s 50 day simple moving average is $76.16 and its two-hundred day simple moving average is $73.65. The firm has a market capitalization of $18.84 billion, a PE ratio of 22.81, a price-to-earnings-growth ratio of 3.58 and a beta of 0.24. Ameren Corp has a 12 month low of $62.06 and a 12 month high of $77.77. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.39 and a current ratio of 0.55.

Ameren (NYSE:AEE) last released its quarterly earnings data on Friday, August 2nd. The utilities provider reported $0.72 EPS for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.03). The business had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.43 billion. Ameren had a return on equity of 10.31% and a net margin of 13.08%. During the same period in the previous year, the business posted $0.97 earnings per share. On average, research analysts anticipate that Ameren Corp will post 3.26 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Wednesday, September 11th will be issued a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a yield of 2.47%. The ex-dividend date of this dividend is Tuesday, September 10th. Ameren’s dividend payout ratio is currently 56.38%.

A number of analysts have weighed in on the stock. KeyCorp assumed coverage on shares of Ameren in a report on Tuesday, June 4th. They issued a “sector weight” rating for the company. Morgan Stanley reduced their price target on shares of Ameren from $79.00 to $78.00 and set an “equal weight” rating for the company in a report on Friday. ValuEngine raised shares of Ameren from a “hold” rating to a “buy” rating in a report on Monday, May 13th. Argus raised shares of Ameren from a “hold” rating to a “buy” rating in a report on Thursday, July 25th. Finally, Zacks Investment Research raised shares of Ameren from a “sell” rating to a “hold” rating in a report on Monday, May 6th. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $71.40.

In other Ameren news, SVP Mary P. Heger sold 3,000 shares of the firm’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $76.02, for a total value of $228,060.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Shawn E. Schukar sold 1,200 shares of the firm’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $75.27, for a total transaction of $90,324.00. The disclosure for this sale can be found here. Company insiders own 0.52% of the company’s stock.

Ameren Profile

Ameren Corporation 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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