Integrated Wealth Concepts LLC Has $755,000 Holdings in Ameren Co. (NYSE:AEE)

Integrated Wealth Concepts LLC decreased its position in Ameren Co. (NYSE:AEE) by 7.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,469 shares of the utilities provider’s stock after selling 641 shares during the period. Integrated Wealth Concepts LLC’s holdings in Ameren were worth $755,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Barclays PLC boosted its position in shares of Ameren by 0.4% during the 3rd quarter. Barclays PLC now owns 489,935 shares of the utilities provider’s stock valued at $42,849,000 after purchasing an additional 1,856 shares in the last quarter. Virtu Financial LLC bought a new position in shares of Ameren during the 3rd quarter worth approximately $215,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Ameren during the 3rd quarter worth approximately $74,000. Principal Financial Group Inc. increased its stake in shares of Ameren by 6.1% in the 3rd quarter. Principal Financial Group Inc. now owns 331,801 shares of the utilities provider’s stock valued at $29,019,000 after acquiring an additional 19,217 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of Ameren by 51.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,064,877 shares of the utilities provider’s stock valued at $93,134,000 after acquiring an additional 362,772 shares during the period. Institutional investors own 79.09% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Morgan Stanley restated an “outperform” rating on shares of Ameren in a report on Wednesday, April 23rd. Evercore ISI raised Ameren from an “in-line” rating to an “outperform” rating and boosted their target price for the company from $89.00 to $104.00 in a research report on Tuesday, January 21st. Guggenheim reiterated a “neutral” rating on shares of Ameren in a report on Tuesday, April 22nd. Barclays decreased their price objective on Ameren from $102.00 to $101.00 and set an “equal weight” rating for the company in a report on Tuesday, April 8th. Finally, UBS Group upped their target price on Ameren from $106.00 to $113.00 and gave the stock a “buy” rating in a research report on Friday, March 21st. Four investment 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $99.33.

Ameren Trading Down 1.2 %

Shares of Ameren stock opened at $98.04 on Friday. The company has a current ratio of 0.66, a quick ratio of 0.44 and a debt-to-equity ratio of 1.41. The stock has a fifty day simple moving average of $98.63 and a 200 day simple moving average of $94.10. Ameren Co. has a 12-month low of $69.39 and a 12-month high of $104.10. The company has a market capitalization of $26.46 billion, a P/E ratio of 22.18, a price-to-earnings-growth ratio of 2.97 and a beta of 0.45.

Ameren (NYSE:AEE) last announced its earnings results on Thursday, May 1st. The utilities provider reported $1.07 EPS for the quarter, missing the consensus estimate of $1.08 by ($0.01). Ameren had a net margin of 15.51% and a return on equity of 10.34%. The firm had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $1.92 billion. During the same quarter in the prior year, the company earned $0.98 EPS. The business’s revenue for the quarter was up 15.5% on a year-over-year basis. On average, sell-side analysts anticipate that Ameren Co. will post 4.93 earnings per share for the current fiscal year.

Ameren Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Tuesday, March 11th were paid a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.90%. The ex-dividend date of this dividend was Tuesday, March 11th. This is an increase from Ameren’s previous quarterly dividend of $0.67. Ameren’s payout ratio is presently 64.25%.

Insider Activity at Ameren

In other Ameren news, EVP Chonda J. Nwamu sold 5,500 shares of Ameren stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $101.37, for a total value of $557,535.00. Following the sale, the executive vice president now owns 43,344 shares of the company’s stock, valued at approximately $4,393,781.28. The trade was a 11.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Shawn E. Schukar sold 4,743 shares of the business’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $103.79, for a total transaction of $492,275.97. Following the completion of the transaction, the insider now owns 57,486 shares in the company, valued at approximately $5,966,471.94. The trade was a 7.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 12,959 shares of company stock valued at $1,316,712. 0.34% of the stock is owned by insiders.

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.