Ameren Corp (AEE) Stake Boosted by Creative Planning

Creative Planning increased its stake in Ameren Corp (NYSE:AEE) by 17.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,121 shares of the utilities provider’s stock after buying an additional 5,156 shares during the period. Creative Planning’s holdings in Ameren were worth $2,583,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. V Wealth Advisors LLC raised its stake in Ameren by 4.7% in the fourth quarter. V Wealth Advisors LLC now owns 3,330 shares of the utilities provider’s stock worth $216,000 after buying an additional 150 shares in the last quarter. HCR Wealth Advisors raised its stake in Ameren by 1.9% in the fourth quarter. HCR Wealth Advisors now owns 8,417 shares of the utilities provider’s stock worth $549,000 after buying an additional 154 shares in the last quarter. Dupont Capital Management Corp raised its stake in Ameren by 5.6% in the fourth quarter. Dupont Capital Management Corp now owns 3,119 shares of the utilities provider’s stock worth $203,000 after buying an additional 166 shares in the last quarter. Cigna Investments Inc. New raised its stake in Ameren by 1.9% in the fourth quarter. Cigna Investments Inc. New now owns 11,757 shares of the utilities provider’s stock worth $767,000 after buying an additional 222 shares in the last quarter. Finally, Pure Financial Advisors Inc. raised its stake in Ameren by 3.0% in the first quarter. Pure Financial Advisors Inc. now owns 7,804 shares of the utilities provider’s stock worth $574,000 after buying an additional 224 shares in the last quarter. 72.48% of the stock is owned by institutional investors.

In other Ameren news, CEO Warner L. Baxter sold 41,090 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $70.77, for a total transaction of $2,907,939.30. Following the completion of the transaction, the chief executive officer now owns 364,913 shares of the company’s stock, valued at $25,824,893.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Gregory L. Nelson sold 29,548 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $70.84, for a total transaction of $2,093,180.32. Following the transaction, the senior vice president now directly owns 37,268 shares of the company’s stock, valued at approximately $2,640,065.12. The disclosure for this sale can be found here. Insiders have sold 121,873 shares of company stock valued at $8,639,431 in the last ninety days. Insiders own 0.52% of the company’s stock.

A number of equities analysts recently issued reports on AEE shares. Wells Fargo & Co increased their price target on shares of Ameren from $73.00 to $77.00 and gave the stock an “outperform” rating in a research note on Monday, February 11th. Morgan Stanley increased their price target on shares of Ameren from $66.00 to $69.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 12th. Zacks Investment Research downgraded shares of Ameren from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 13th. Finally, ValuEngine downgraded shares of Ameren from a “buy” rating to a “hold” rating in a research note on Thursday, April 4th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company’s stock. Ameren has a consensus rating of “Hold” and an average price target of $68.43.

Shares of NYSE AEE opened at $72.18 on Monday. Ameren Corp has a fifty-two week low of $55.21 and a fifty-two week high of $74.91. The company has a market cap of $17.71 billion, a price-to-earnings ratio of 21.42, a price-to-earnings-growth ratio of 3.54 and a beta of 0.29. The company has a quick ratio of 0.39, a current ratio of 0.57 and a debt-to-equity ratio of 1.01.

Ameren (NYSE:AEE) last announced its earnings results on Thursday, February 14th. The utilities provider reported $0.28 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.04). Ameren had a net margin of 12.95% and a return on equity of 10.87%. The business had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.56 billion. During the same period in the prior year, the business posted $0.39 EPS. Ameren’s revenue for the quarter was up 1.4% on a year-over-year basis. On average, sell-side analysts anticipate that Ameren Corp will post 3.27 EPS for the current year.

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Ameren Profile

Ameren Corporation operates as a public utility holding company in the United States. It operates through four segments: Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, and Ameren Transmission. The company engages in the rate-regulated electric generation, transmission, and distribution activities; and rate-regulated natural gas distribution and transmission businesses.

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Institutional Ownership by Quarter for Ameren (NYSE:AEE)

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