Kentucky Trust Co bought a new stake in Ameren Co. (NYSE:AEE - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 15,862 shares of the utilities provider's stock, valued at approximately $1,414,000.
A number of other institutional investors have also modified their holdings of AEE. CWM LLC increased its holdings in shares of Ameren by 11.4% in 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. Exchange Traded Concepts LLC increased its holdings in shares of Ameren by 9.9% in the 3rd quarter. Exchange Traded Concepts LLC now owns 9,882 shares of the utilities provider's stock valued at $864,000 after acquiring an additional 894 shares during the period. Cedar Mountain Advisors LLC acquired a new position in shares of Ameren in the 3rd quarter valued at $49,000. Brady Family Wealth LLC purchased a new position in Ameren in the 3rd quarter valued at $215,000. Finally, Jamison Private Wealth Management Inc. purchased a new position in Ameren in the 3rd quarter valued at $44,000. 79.09% of the stock is owned by institutional investors and hedge funds.
Insider Activity at Ameren
In related news, CFO Michael L. Moehn sold 6,500 shares of the business's stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $92.15, for a total value of $598,975.00. Following the completion of the transaction, the chief financial officer now owns 205,171 shares of the company's stock, valued at approximately $18,906,507.65. The trade was a 3.07 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.42% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
AEE has been the topic of a number of analyst reports. Evercore ISI upgraded shares of Ameren from an "in-line" rating to an "outperform" rating and lifted their price objective for the company from $89.00 to $104.00 in a research report on Tuesday, January 21st. Morgan Stanley lifted their price objective on shares of Ameren from $86.00 to $94.00 and gave the company an "equal weight" rating in a research report on Friday, December 13th. Barclays lowered shares of Ameren from an "overweight" rating to an "equal weight" rating and lifted their price objective for the company from $88.00 to $95.00 in a research report on Monday, January 27th. Finally, BMO Capital Markets lifted their price objective on shares of Ameren from $93.00 to $98.00 and gave the company an "outperform" rating in a research report on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $92.00.
View Our Latest Stock Report on AEE
Ameren Price Performance
Shares of NYSE AEE traded down $0.26 during trading on Friday, hitting $98.01. 3,561,331 shares of the company were exchanged, compared to its average volume of 1,295,826. The company has a market cap of $26.16 billion, a price-to-earnings ratio of 23.06, a PEG ratio of 2.98 and a beta of 0.49. Ameren Co. has a 1 year low of $68.60 and a 1 year high of $100.62. The firm's fifty day moving average price is $92.04 and its 200 day moving average price is $88.38. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.63 and a quick ratio of 0.41.
Ameren (NYSE:AEE - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The utilities provider reported $0.77 EPS for the quarter, missing the consensus estimate of $0.83 by ($0.06). Ameren had a return on equity of 10.09% and a net margin of 15.52%. During the same quarter in the previous year, the business earned $0.60 earnings per share. On average, sell-side analysts expect that Ameren Co. will post 4.63 earnings per share for the current fiscal year.
Ameren Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Tuesday, March 11th will be paid a $0.71 dividend. This is an increase from Ameren's previous quarterly dividend of $0.67. The ex-dividend date is Tuesday, March 11th. This represents a $2.84 annualized dividend and a yield of 2.90%. Ameren's payout ratio is presently 63.06%.
About Ameren
(
Free Report)
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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