Envestnet Asset Management Inc. Increases Stock Holdings in Ameren Corporation (NYSE:AEE)

Envestnet Asset Management Inc. lifted its position in Ameren Corporation (NYSE:AEE - Free Report) by 7.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 100,949 shares of the utilities provider's stock after purchasing an additional 6,598 shares during the period. Envestnet Asset Management Inc.'s holdings in Ameren were worth $10,135,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. 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 period. Captrust Financial Advisors lifted its stake in shares of Ameren by 1.3% in the 4th quarter. Captrust Financial Advisors now owns 10,107 shares of the utilities provider's stock valued at $901,000 after purchasing an additional 125 shares during the period. Meiji Yasuda Asset Management Co Ltd. lifted its stake in shares of Ameren by 1.3% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 9,937 shares of the utilities provider's stock valued at $886,000 after purchasing an additional 130 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Ameren by 0.8% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 15,963 shares of the utilities provider's stock valued at $1,423,000 after purchasing an additional 131 shares during the period. Finally, Mosaic Family Wealth Partners LLC lifted its stake in shares of Ameren by 1.1% in the 4th quarter. Mosaic Family Wealth Partners LLC now owns 13,145 shares of the utilities provider's stock valued at $1,172,000 after purchasing an additional 149 shares during the period. 79.09% of the stock is currently owned by institutional investors and hedge funds.

Ameren Price Performance

Shares of Ameren stock traded up $0.26 during trading hours on Thursday, reaching $100.18. 1,031,565 shares of the company's stock were exchanged, compared to its average volume of 1,501,394. Ameren Corporation has a 1 year low of $76.95 and a 1 year high of $104.10. The company has a market capitalization of $27.08 billion, a P/E ratio of 22.21, a price-to-earnings-growth ratio of 2.57 and a beta of 0.48. The business has a fifty day moving average of $96.39 and a two-hundred day moving average of $96.81. The company has a quick ratio of 0.62, a current ratio of 0.86 and a debt-to-equity ratio of 1.49.

Ameren (NYSE:AEE - Get Free Report) last released its earnings results on Thursday, May 1st. The utilities provider reported $1.07 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.08 by ($0.01). Ameren had a return on equity of 10.40% and a net margin of 15.31%. The business had revenue of $2.10 billion for the quarter, compared to analysts' expectations of $1.92 billion. During the same period in the previous year, the company earned $0.98 EPS. Ameren's quarterly revenue was up 15.5% compared to the same quarter last year. As a group, research analysts predict that Ameren Corporation will post 4.93 earnings per share for the current fiscal year.

Ameren Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th were issued a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date was Tuesday, June 10th. Ameren's payout ratio is 62.97%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. UBS Group set a $114.00 target price on shares of Ameren and gave the company a "buy" rating in a research note on Friday, July 11th. KeyCorp set a $104.00 price objective on shares of Ameren and gave the stock an "overweight" rating in a research report on Wednesday, July 16th. Barclays reduced their price objective on shares of Ameren from $104.00 to $100.00 and set an "equal weight" rating for the company in a research report on Thursday, July 10th. The Goldman Sachs Group upgraded shares of Ameren from a "sell" rating to a "neutral" rating and upped their price objective for the stock from $91.00 to $100.00 in a research report on Wednesday, June 25th. Finally, Wells Fargo & Company upped their price objective on shares of Ameren from $108.00 to $112.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 14th. Five investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Ameren currently has an average rating of "Moderate Buy" and an average price target of $101.36.

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.