Ameren Corporation (AEE) Stake Cut by James Investment Research Inc.

James Investment Research Inc. reduced its position in Ameren Corporation (NYSE:AEE) by 12.6% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 13,920 shares of the utilities provider’s stock after selling 2,000 shares during the period. James Investment Research Inc.’s holdings in Ameren Corporation were worth $761,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in the stock. First Financial Corp IN boosted its position in Ameren Corporation by 10.6% in the first quarter. First Financial Corp IN now owns 2,138 shares of the utilities provider’s stock worth $117,000 after buying an additional 205 shares during the last quarter. Acropolis Investment Management LLC boosted its position in Ameren Corporation by 0.5% in the first quarter. Acropolis Investment Management LLC now owns 2,395 shares of the utilities provider’s stock worth $131,000 after buying an additional 12 shares during the last quarter. Parkside Financial Bank & Trust boosted its position in Ameren Corporation by 6.8% in the first quarter. Parkside Financial Bank & Trust now owns 2,486 shares of the utilities provider’s stock worth $136,000 after buying an additional 159 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in Ameren Corporation by 367.3% in the first quarter. Tower Research Capital LLC TRC now owns 2,612 shares of the utilities provider’s stock worth $143,000 after buying an additional 2,053 shares during the last quarter. Finally, FTB Advisors Inc. boosted its position in Ameren Corporation by 1.9% in the first quarter. FTB Advisors Inc. now owns 2,646 shares of the utilities provider’s stock worth $144,000 after buying an additional 49 shares during the last quarter. Hedge funds and other institutional investors own 71.07% of the company’s stock.

Ameren Corporation (NYSE AEE) traded up 0.51% during midday trading on Friday, reaching $59.21. 1,758,992 shares of the company traded hands. The company has a 50 day moving average price of $56.15 and a 200-day moving average price of $55.23. The stock has a market capitalization of $14.37 billion, a P/E ratio of 20.72 and a beta of 0.36. Ameren Corporation has a one year low of $46.84 and a one year high of $59.75.

Ameren Corporation (NYSE:AEE) last released its quarterly earnings results on Friday, August 4th. The utilities provider reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.10. Ameren Corporation had a net margin of 11.11% and a return on equity of 9.57%. The business had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.42 billion. During the same period last year, the business earned $0.61 EPS. The company’s revenue was up 7.8% compared to the same quarter last year. Analysts forecast that Ameren Corporation will post $2.81 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Wednesday, September 13th will be issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.97%. The ex-dividend date is Tuesday, September 12th. Ameren Corporation’s dividend payout ratio is currently 61.54%.

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A number of equities analysts have issued reports on the stock. BidaskClub upgraded shares of Ameren Corporation from a “hold” rating to a “buy” rating in a research report on Friday, August 11th. Morgan Stanley boosted their price objective on shares of Ameren Corporation from $56.00 to $57.00 and gave the company an “overweight” rating in a research report on Thursday, August 10th. Barclays PLC cut shares of Ameren Corporation from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $60.00 to $58.00 in a research report on Thursday, May 25th. Finally, Goldman Sachs Group, Inc. (The) cut shares of Ameren Corporation from a “neutral” rating to a “sell” rating and set a $51.00 price target on the stock. in a research report on Monday, June 26th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $55.20.

In other news, Chairman Warner L. Baxter sold 13,310 shares of the firm’s stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $56.23, for a total value of $748,421.30. Following the sale, the chairman now directly owns 145,939 shares in the company, valued at approximately $8,206,149.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.38% of the stock is currently owned by company insiders.

About Ameren Corporation

Ameren Corporation is a utility holding company. The Company’s subsidiaries include Ameren Missouri, Ameren Illinois and Ameren Transmission Company (ATXI). It operates through four segments. The Ameren Missouri segment includes all of the operations of Ameren Missouri. The Ameren Illinois Electric Distribution segment consists of the electric distribution business of Ameren Illinois.

Institutional Ownership by Quarter for Ameren Corporation (NYSE:AEE)

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