Brooklyn Investment Group Invests $56,000 in Ameren Co. (NYSE:AEE)

Brooklyn Investment Group bought a new position in Ameren Co. (NYSE:AEE) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 646 shares of the utilities provider’s stock, valued at approximately $56,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in AEE. Tidal Investments LLC raised its stake in Ameren by 4.9% during the 1st quarter. Tidal Investments LLC now owns 4,976 shares of the utilities provider’s stock valued at $368,000 after acquiring an additional 234 shares in the last quarter. Atria Investments Inc raised its stake in Ameren by 12.0% during the 1st quarter. Atria Investments Inc now owns 15,568 shares of the utilities provider’s stock valued at $1,151,000 after acquiring an additional 1,671 shares in the last quarter. Cetera Investment Advisers raised its stake in Ameren by 137.2% during the 1st quarter. Cetera Investment Advisers now owns 100,154 shares of the utilities provider’s stock valued at $7,407,000 after acquiring an additional 57,923 shares in the last quarter. Cetera Advisors LLC raised its stake in Ameren by 12.1% during the 1st quarter. Cetera Advisors LLC now owns 7,941 shares of the utilities provider’s stock valued at $587,000 after acquiring an additional 856 shares in the last quarter. Finally, Pathway Financial Advisers LLC bought a new stake in Ameren during the 1st quarter valued at $31,000. Institutional investors and hedge funds own 79.09% of the company’s stock.

Ameren Stock Performance

Shares of AEE stock opened at $94.36 on Friday. Ameren Co. has a 1-year low of $67.03 and a 1-year high of $95.69. The company has a current ratio of 0.63, a quick ratio of 0.41 and a debt-to-equity ratio of 1.37. The company has a market capitalization of $25.19 billion, a price-to-earnings ratio of 22.20, a P/E/G ratio of 3.13 and a beta of 0.45. The stock’s fifty day simple moving average is $88.98 and its 200-day simple moving average is $80.95.

Ameren Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Wednesday, December 11th will be issued 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 dividend yield of 2.84%. Ameren’s dividend payout ratio is 63.06%.

Insider Activity

In other Ameren news, CFO Michael L. Moehn sold 6,500 shares of the business’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $92.15, for a total value of $598,975.00. Following the transaction, the chief financial officer now owns 205,171 shares in the company, valued at $18,906,507.65. The trade was a 3.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.42% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

AEE has been the topic of several recent analyst reports. Wells Fargo & Company lifted their target price on Ameren from $91.00 to $96.00 and gave the company an “overweight” rating in a research note on Friday, September 20th. Bank of America boosted their price objective on Ameren from $86.00 to $87.00 and gave the stock a “neutral” rating in a research note on Thursday, August 29th. BMO Capital Markets boosted their price objective on Ameren from $84.00 to $87.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 6th. Argus raised Ameren to a “strong-buy” rating in a research note on Thursday, September 19th. Finally, Jefferies Financial Group started coverage on Ameren in a research note on Thursday, September 19th. They issued a “buy” rating and a $97.00 price objective on the stock. One research analyst has rated the stock with a sell rating, six have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $87.90.

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.