Exxonmobil Investment Management Inc. TX decreased its stake in Ameren Corporation (NYSE:AEE) by 13.5% during the second quarter, Holdings Channel reports. The institutional investor owned 46,586 shares of the utilities provider’s stock after selling 7,295 shares during the period. Exxonmobil Investment Management Inc. TX’s holdings in Ameren Corporation were worth $2,547,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Creative Planning boosted its stake in Ameren Corporation by 14.1% in the second quarter. Creative Planning now owns 20,912 shares of the utilities provider’s stock valued at $1,143,000 after buying an additional 2,584 shares in the last quarter. Acropolis Investment Management LLC boosted its stake in Ameren Corporation by 0.5% in the second quarter. Acropolis Investment Management LLC now owns 2,406 shares of the utilities provider’s stock valued at $132,000 after buying an additional 11 shares in the last quarter. NN Investment Partners Holdings N.V. boosted its stake in Ameren Corporation by 31.0% in the second quarter. NN Investment Partners Holdings N.V. now owns 49,690 shares of the utilities provider’s stock valued at $2,717,000 after buying an additional 11,756 shares in the last quarter. Gateway Investment Advisers LLC boosted its stake in Ameren Corporation by 2.1% in the second quarter. Gateway Investment Advisers LLC now owns 423,515 shares of the utilities provider’s stock valued at $23,154,000 after buying an additional 8,692 shares in the last quarter. Finally, Pure Financial Advisors Inc. boosted its stake in Ameren Corporation by 0.8% in the second quarter. Pure Financial Advisors Inc. now owns 7,238 shares of the utilities provider’s stock valued at $396,000 after buying an additional 58 shares in the last quarter. 71.64% of the stock is owned by institutional investors and hedge funds.

Ameren Corporation (AEE) opened at 54.43 on Monday. Ameren Corporation has a 12-month low of $46.84 and a 12-month high of $57.21. The company has a market cap of $13.21 billion, a PE ratio of 20.40 and a beta of 0.36. The stock has a 50 day moving average of $56.10 and a 200-day moving average of $54.26.

Ameren Corporation (NYSE:AEE) last issued its quarterly earnings data on Thursday, May 4th. The utilities provider reported $0.42 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.42. Ameren Corporation had a return on equity of 9.01% and a net margin of 10.56%. The company had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.46 billion. During the same quarter in the previous year, the firm earned $0.43 earnings per share. Ameren Corporation’s revenue was up 5.6% on a year-over-year basis. On average, equities research analysts anticipate that Ameren Corporation will post $2.77 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 30th. Stockholders of record on Wednesday, June 14th were issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 3.23%. The ex-dividend date of this dividend was Monday, June 12th. Ameren Corporation’s payout ratio is 65.67%.

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Several equities research analysts recently weighed in on the stock. Morgan Stanley reaffirmed an “overweight” rating on shares of Ameren Corporation in a research report on Monday, July 10th. BidaskClub cut shares of Ameren Corporation from a “hold” rating to a “sell” rating in a research report on Saturday, July 1st. Goldman Sachs Group, Inc. (The) cut shares of Ameren Corporation from a “neutral” rating to a “sell” rating and set a $51.00 price objective for the company. in a research report on Monday, June 26th. Barclays PLC cut shares of Ameren Corporation from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $60.00 to $58.00 in a research report on Thursday, May 25th. Finally, Zacks Investment Research cut shares of Ameren Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, April 18th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. Ameren Corporation has a consensus rating of “Hold” and an average target price of $54.75.

In other news, Chairman Warner L. Baxter sold 13,310 shares of the business’s stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $56.23, for a total transaction of $748,421.30. Following the completion of the transaction, the chairman now owns 145,939 shares of the company’s stock, valued at $8,206,149.97. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.38% of the stock is currently owned by insiders.

Ameren Corporation Company Profile

Ameren Corporation is a utility holding company. The Company’s subsidiaries include Ameren Missouri, Ameren Illinois and Ameren Transmission Company (ATXI). It operates through four segments. The Ameren Missouri segment includes all of the operations of Ameren Missouri. The Ameren Illinois Electric Distribution segment consists of the electric distribution business of Ameren Illinois.

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Institutional Ownership by Quarter for Ameren Corporation (NYSE:AEE)

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