TIAA Trust National Association Acquires 4,586 Shares of Ameren Co. (NYSE:AEE)

TIAA Trust National Association raised its holdings in shares of Ameren Co. (NYSE:AEE) by 75.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,688 shares of the utilities provider’s stock after purchasing an additional 4,586 shares during the quarter. TIAA Trust National Association’s holdings in Ameren were worth $760,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the business. Benjamin F. Edwards & Company Inc. lifted its position in Ameren by 5.5% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 2,992 shares of the utilities provider’s stock valued at $221,000 after purchasing an additional 155 shares during the last quarter. Avitas Wealth Management LLC lifted its holdings in shares of Ameren by 1.5% in the 1st quarter. Avitas Wealth Management LLC now owns 11,487 shares of the utilities provider’s stock worth $850,000 after acquiring an additional 168 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of Ameren by 2.3% in the 4th quarter. Janney Montgomery Scott LLC now owns 7,414 shares of the utilities provider’s stock worth $536,000 after acquiring an additional 168 shares during the last quarter. Assetmark Inc. lifted its holdings in shares of Ameren by 6.1% in the 4th quarter. Assetmark Inc. now owns 3,051 shares of the utilities provider’s stock worth $221,000 after acquiring an additional 175 shares during the last quarter. Finally, Concord Wealth Partners lifted its holdings in shares of Ameren by 52.8% in the 1st quarter. Concord Wealth Partners now owns 550 shares of the utilities provider’s stock worth $41,000 after acquiring an additional 190 shares during the last quarter. Institutional investors own 79.09% of the company’s stock.

Ameren Trading Down 0.1 %

NYSE AEE opened at $83.74 on Friday. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.45 and a current ratio of 0.67. The company has a market capitalization of $22.33 billion, a price-to-earnings ratio of 19.25, a price-to-earnings-growth ratio of 2.72 and a beta of 0.45. The company’s 50-day simple moving average is $78.12 and its two-hundred day simple moving average is $74.42. Ameren Co. has a one year low of $67.03 and a one year high of $84.60.

Ameren (NYSE:AEE) last posted its earnings results on Thursday, August 1st. The utilities provider reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.04. The business had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.87 billion. Ameren had a net margin of 16.28% and a return on equity of 10.20%. The company’s revenue for the quarter was down 3.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.90 EPS. Equities analysts forecast that Ameren Co. will post 4.61 EPS for the current fiscal year.

Ameren Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Wednesday, September 11th will be given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date is Wednesday, September 11th. Ameren’s dividend payout ratio (DPR) is 61.61%.

Insider Buying and Selling at Ameren

In other news, EVP Chonda J. Nwamu sold 1,610 shares of Ameren stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $81.94, for a total value of $131,923.40. Following the transaction, the executive vice president now owns 44,432 shares of the company’s stock, valued at approximately $3,640,758.08. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.42% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on AEE shares. Bank of America raised their target price on shares of Ameren from $86.00 to $87.00 and gave the stock a “neutral” rating in a report on Thursday, August 29th. Barclays upgraded shares of Ameren from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $73.00 to $77.00 in a report on Thursday, May 30th. Morgan Stanley raised their target price on shares of Ameren from $74.00 to $81.00 and gave the stock an “equal weight” rating in a report on Friday, August 23rd. UBS Group assumed coverage on shares of Ameren in a research note on Friday, July 19th. They issued a “buy” rating and a $87.00 price target on the stock. Finally, BMO Capital Markets raised their price target on shares of Ameren from $84.00 to $87.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 6th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Ameren has a consensus rating of “Hold” and a consensus target price of $81.00.

Ameren 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.