Ameren Co. (NYSE:AEE) Shares Sold by Marcum Wealth LLC

Marcum Wealth LLC trimmed its position in Ameren Co. (NYSE:AEE) by 4.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,811 shares of the utilities provider’s stock after selling 125 shares during the period. Marcum Wealth LLC’s holdings in Ameren were worth $246,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. CWM LLC lifted its position in Ameren by 11.4% in the third quarter. CWM LLC now owns 12,851 shares of the utilities provider’s stock worth $1,124,000 after purchasing an additional 1,319 shares during the period. GAMMA Investing LLC lifted its position in Ameren by 31.8% in the third quarter. GAMMA Investing LLC now owns 5,835 shares of the utilities provider’s stock worth $510,000 after purchasing an additional 1,408 shares during the period. Czech National Bank lifted its position in shares of Ameren by 7.0% during the 3rd quarter. Czech National Bank now owns 54,353 shares of the utilities provider’s stock valued at $4,754,000 after acquiring an additional 3,537 shares during the last quarter. Park Avenue Securities LLC lifted its position in shares of Ameren by 19.8% during the 3rd quarter. Park Avenue Securities LLC now owns 3,684 shares of the utilities provider’s stock valued at $322,000 after acquiring an additional 609 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV lifted its position in shares of Ameren by 11.2% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 2,237 shares of the utilities provider’s stock valued at $196,000 after acquiring an additional 226 shares during the last quarter. 79.09% of the stock is currently owned by institutional investors and hedge funds.

Ameren Stock Performance

NYSE AEE opened at $86.46 on Friday. The firm has a market cap of $23.06 billion, a price-to-earnings ratio of 19.56, a PEG ratio of 2.84 and a beta of 0.45. The company has a 50 day moving average of $83.78 and a 200-day moving average of $76.83. The company has a current ratio of 0.67, a quick ratio of 0.45 and a debt-to-equity ratio of 1.40. Ameren Co. has a 1-year low of $67.03 and a 1-year high of $88.11.

Ameren (NYSE:AEE) last issued its quarterly earnings results on Thursday, August 1st. The utilities provider reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.04. Ameren had a net margin of 16.28% and a return on equity of 10.20%. The business had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.87 billion. During the same quarter last year, the business posted $0.90 earnings per share. Ameren’s revenue for the quarter was down 3.8% compared to the same quarter last year. On average, equities analysts forecast that Ameren Co. will post 4.62 earnings per share for the current fiscal year.

Ameren Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Wednesday, December 11th will be given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.10%. Ameren’s dividend payout ratio is 60.63%.

Insider Transactions at Ameren

In other news, EVP Chonda J. Nwamu sold 1,610 shares of Ameren stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $81.94, for a total transaction of $131,923.40. Following the transaction, the executive vice president now directly owns 44,432 shares of the company’s stock, valued at $3,640,758.08. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.42% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Jefferies Financial Group assumed coverage on Ameren in a research report on Thursday, September 19th. They set a “buy” rating and a $97.00 price objective for the company. Mizuho upgraded Ameren from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $82.00 to $89.00 in a research report on Monday, September 16th. Morgan Stanley increased their price objective on Ameren from $81.00 to $85.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 25th. Argus upgraded Ameren to a “strong-buy” rating in a research report on Thursday, September 19th. Finally, Wells Fargo & Company increased their price objective on Ameren from $91.00 to $96.00 and gave the company an “overweight” rating in a research report on Friday, September 20th. One analyst has rated the stock with a sell rating, six have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $86.70.

Ameren Company 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 business.