Crossmark Global Holdings Inc. Has $1.46 Million Position in Ameren Co. (NYSE:AEE)

Crossmark Global Holdings Inc. raised its holdings in Ameren Co. (NYSE:AEE) by 1.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,667 shares of the utilities provider’s stock after acquiring an additional 209 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Ameren were worth $1,458,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Versant Capital Management Inc lifted its stake in shares of Ameren by 115.3% in the 2nd quarter. Versant Capital Management Inc now owns 366 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 196 shares during the last quarter. First Command Advisory Services Inc. acquired a new stake in shares of Ameren in the second quarter worth about $26,000. Pathway Financial Advisers LLC bought a new stake in shares of Ameren during the 1st quarter worth about $31,000. EntryPoint Capital LLC increased its holdings in shares of Ameren by 108.1% during the 1st quarter. EntryPoint Capital LLC now owns 435 shares of the utilities provider’s stock valued at $32,000 after acquiring an additional 226 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Ameren by 227.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 455 shares of the utilities provider’s stock valued at $34,000 after acquiring an additional 316 shares in the last quarter. 79.09% of the stock is owned by institutional investors.

Ameren Price Performance

Shares of AEE stock opened at $91.40 on Thursday. Ameren Co. has a 12 month low of $67.03 and a 12 month high of $92.77. The company has a market capitalization of $24.40 billion, a P/E ratio of 21.51, a P/E/G ratio of 3.03 and a beta of 0.45. The stock has a 50 day moving average of $86.72 and a two-hundred day moving average of $79.34. The company has a current ratio of 0.63, a quick ratio of 0.41 and a debt-to-equity ratio of 1.37.

Ameren Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Wednesday, December 11th will be paid a dividend of $0.67 per share. The ex-dividend date is Wednesday, December 11th. This represents a $2.68 dividend on an annualized basis and a yield of 2.93%. Ameren’s dividend payout ratio is currently 63.06%.

Insider Buying and Selling at Ameren

In related news, EVP Chonda J. Nwamu sold 1,610 shares of the stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $81.94, for a total value of $131,923.40. Following the completion of the transaction, the executive vice president now owns 44,432 shares of the company’s stock, valued at $3,640,758.08. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.42% of the company’s stock.

Wall Street Analyst Weigh In

AEE has been the subject of a number of recent analyst reports. Bank of America upped their target price on Ameren from $86.00 to $87.00 and gave the stock a “neutral” rating in a research report on Thursday, August 29th. BMO Capital Markets raised their target price on shares of Ameren from $84.00 to $87.00 and gave the company an “outperform” rating in a research note on Tuesday, August 6th. Mizuho raised shares of Ameren from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $82.00 to $89.00 in a research report on Monday, September 16th. UBS Group started coverage on Ameren in a research report on Friday, July 19th. They issued a “buy” rating and a $87.00 price target on the stock. Finally, Argus raised Ameren to a “strong-buy” rating in a research report on Thursday, September 19th. One analyst has rated the stock with a sell rating, six have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Ameren currently has a consensus rating of “Moderate Buy” and an average price target of $87.80.

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.