Ameren Corporation (NYSE:AEE) Shares Sold by Apollon Wealth Management LLC

Apollon Wealth Management LLC lessened its position in shares of Ameren Corporation (NYSE:AEE - Free Report) by 82.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,166 shares of the utilities provider's stock after selling 10,338 shares during the quarter. Apollon Wealth Management LLC's holdings in Ameren were worth $217,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Teacher Retirement System of Texas bought a new stake in shares of Ameren in the 4th quarter valued at approximately $223,000. Lee Danner & Bass Inc. bought a new stake in shares of Ameren in the 4th quarter valued at approximately $38,000. TD Private Client Wealth LLC lifted its stake in shares of Ameren by 7.1% in the 4th quarter. TD Private Client Wealth LLC now owns 1,846 shares of the utilities provider's stock valued at $165,000 after purchasing an additional 122 shares during the last quarter. Virtu Financial LLC lifted its stake in shares of Ameren by 19.9% in the 4th quarter. Virtu Financial LLC now owns 2,945 shares of the utilities provider's stock valued at $263,000 after purchasing an additional 488 shares during the last quarter. Finally, Mizuho Securities USA LLC lifted its stake in shares of Ameren by 46.2% in the 4th quarter. Mizuho Securities USA LLC now owns 25,299 shares of the utilities provider's stock valued at $2,255,000 after purchasing an additional 7,997 shares during the last quarter. Hedge funds and other institutional investors own 79.09% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on AEE. Wells Fargo & Company raised their price target on Ameren from $108.00 to $112.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 14th. Barclays decreased their price target on Ameren from $104.00 to $100.00 and set an "equal weight" rating for the company in a research note on Thursday, July 10th. Guggenheim reissued a "neutral" rating on shares of Ameren in a research note on Tuesday, April 22nd. KeyCorp raised their price target on Ameren from $103.00 to $104.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 16th. Finally, UBS Group raised their price target on Ameren from $111.00 to $114.00 and gave the stock a "buy" rating in a research note on Friday, July 11th. Five research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $101.36.

Ameren Trading Up 0.0%

Ameren stock traded up $0.01 during mid-day trading on Friday, hitting $100.05. The company's stock had a trading volume of 103,023 shares, compared to its average volume of 1,739,956. The firm has a market capitalization of $27.04 billion, a PE ratio of 22.18, a price-to-earnings-growth ratio of 2.57 and a beta of 0.48. Ameren Corporation has a 1 year low of $77.08 and a 1 year high of $104.10. The company has a current ratio of 0.86, a quick ratio of 0.62 and a debt-to-equity ratio of 1.49. The stock's fifty day moving average is $96.39 and its two-hundred day moving average is $96.81.

Ameren (NYSE:AEE - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The utilities provider reported $1.07 earnings per share for the quarter, missing the consensus estimate of $1.08 by ($0.01). The business had revenue of $2.10 billion during the quarter, compared to analysts' expectations of $1.92 billion. Ameren had a return on equity of 10.40% and a net margin of 15.31%. The company's revenue was up 15.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.98 earnings per share. On average, analysts anticipate that Ameren Corporation will post 4.93 EPS for the current year.

Ameren Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Tuesday, June 10th were given a $0.71 dividend. The ex-dividend date was Tuesday, June 10th. This represents a $2.84 annualized dividend and a yield of 2.84%. Ameren's payout ratio is 62.97%.

About Ameren

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.