Fiduciary Financial Group LLC acquired a new position in Ameren Co. (NYSE:AEE – Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 2,695 shares of the utilities provider’s stock, valued at approximately $234,000.
Several other hedge funds and other institutional investors have also bought and sold shares of the business. LongView Wealth Management purchased a new position in shares of Ameren in the 3rd quarter worth about $313,000. Keeler & Nadler Financial Planning & Wealth Management bought a new stake in Ameren in the third quarter worth about $210,000. Bank & Trust Co boosted its stake in Ameren by 0.8% in the third quarter. Bank & Trust Co now owns 31,832 shares of the utilities provider’s stock valued at $2,784,000 after acquiring an additional 238 shares during the last quarter. CWM LLC grew its position in shares of Ameren by 11.4% during the 3rd quarter. CWM LLC now owns 12,851 shares of the utilities provider’s stock valued at $1,124,000 after acquiring an additional 1,319 shares during the period. Finally, GAMMA Investing LLC increased its stake in shares of Ameren by 31.8% during the 3rd quarter. GAMMA Investing LLC now owns 5,835 shares of the utilities provider’s stock worth $510,000 after purchasing an additional 1,408 shares during the last quarter. Hedge funds and other institutional investors own 79.09% of the company’s stock.
Analysts Set New Price Targets
Several equities analysts recently commented on the company. UBS Group initiated coverage on Ameren in a research note on Friday, July 19th. They issued a “buy” rating and a $87.00 price objective on the stock. Bank of America increased their price target on Ameren from $86.00 to $87.00 and gave the stock a “neutral” rating in a research note on Thursday, August 29th. Jefferies Financial Group began coverage on Ameren in a report on Thursday, September 19th. They issued a “buy” rating and a $97.00 price objective for the company. Argus raised shares of Ameren to a “strong-buy” rating in a report on Thursday, September 19th. Finally, Wells Fargo & Company lifted their target price on shares of Ameren from $91.00 to $96.00 and gave the stock an “overweight” rating in a research note on Friday, September 20th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Ameren currently has a consensus rating of “Moderate Buy” and an average target price of $86.70.
Ameren Stock Performance
NYSE AEE opened at $86.45 on Friday. The company’s 50 day simple moving average is $83.86 and its two-hundred day simple moving average is $76.98. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.67 and a quick ratio of 0.45. Ameren Co. has a 1 year low of $67.03 and a 1 year high of $88.11. The stock has a market capitalization of $23.05 billion, a PE ratio of 19.56, a P/E/G ratio of 2.82 and a beta of 0.45.
Ameren (NYSE:AEE – Get Free Report) last issued its quarterly earnings data on Thursday, August 1st. The utilities provider reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.04. Ameren had a return on equity of 10.20% and a net margin of 16.28%. The company had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter last year, the business posted $0.90 earnings per share. The firm’s revenue was down 3.8% compared to the same quarter last year. Analysts predict that Ameren Co. will post 4.62 earnings per share for the current fiscal year.
Ameren Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Wednesday, December 11th will be given a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 3.10%. Ameren’s dividend payout ratio (DPR) is 60.63%.
Insider Activity at Ameren
In other news, EVP Chonda J. Nwamu sold 1,610 shares of the stock in a transaction 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 $3,640,758.08. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.42% of the stock is currently owned by insiders.
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.
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