Ameren Co. (NYSE:AEE) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its stake in shares of Ameren Co. (NYSE:AEE - Free Report) by 1.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,653,542 shares of the utilities provider's stock after purchasing an additional 30,511 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.62% of Ameren worth $144,619,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of AEE. Versant Capital Management Inc boosted its holdings in shares of Ameren by 115.3% in the second quarter. Versant Capital Management Inc now owns 366 shares of the utilities provider's stock valued at $26,000 after acquiring an additional 196 shares in the last quarter. First Command Advisory Services Inc. purchased a new position in shares of Ameren during the 2nd quarter worth approximately $26,000. Pathway Financial Advisers LLC acquired a new stake in shares of Ameren in the 1st quarter valued at approximately $31,000. EntryPoint Capital LLC grew its holdings in Ameren by 108.1% during the first quarter. EntryPoint Capital LLC now owns 435 shares of the utilities provider's stock worth $32,000 after acquiring an additional 226 shares during the period. Finally, EverSource Wealth Advisors LLC raised its position in Ameren by 227.3% in the first quarter. EverSource Wealth Advisors LLC now owns 455 shares of the utilities provider's stock worth $34,000 after acquiring an additional 316 shares in the last quarter. 79.09% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Ameren

In related news, EVP Chonda J. Nwamu sold 1,610 shares of the business's stock in a transaction dated Wednesday, August 28th. The stock was 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 in the company, valued at approximately $3,640,758.08. The trade was a 3.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Michael L. Moehn sold 6,500 shares of Ameren stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $92.15, for a total value of $598,975.00. Following the sale, the chief financial officer now owns 205,171 shares in the company, valued at $18,906,507.65. This represents a 3.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.36% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on AEE shares. Jefferies Financial Group started coverage on shares of Ameren in a report on Thursday, September 19th. They issued a "buy" rating and a $97.00 price target for the company. Bank of America lifted their price objective on Ameren from $86.00 to $87.00 and gave the stock a "neutral" rating in a report on Thursday, August 29th. Wells Fargo & Company lifted their price target on Ameren from $91.00 to $96.00 and gave the stock an "overweight" rating in a research note on Friday, September 20th. Mizuho upgraded shares of Ameren from a "neutral" rating to an "outperform" rating and increased their price target for the company from $82.00 to $89.00 in a research report on Monday, September 16th. Finally, Morgan Stanley reduced their target price on Ameren from $88.00 to $86.00 and set an "equal weight" rating on the stock in a research note on Friday. One investment analyst has rated the stock with a sell rating, six have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $87.90.

Ameren Trading Down 0.3 %

AEE stock traded down $0.28 on Monday, hitting $93.53. 1,370,006 shares of the company were exchanged, compared to its average volume of 1,591,319. The stock has a market capitalization of $24.97 billion, a price-to-earnings ratio of 22.07, a price-to-earnings-growth ratio of 3.09 and a beta of 0.45. The business's fifty day moving average is $88.03 and its two-hundred day moving average is $80.34. Ameren Co. has a twelve month low of $67.03 and a twelve month high of $94.62. 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 Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Wednesday, December 11th will be issued a $0.67 dividend. The ex-dividend date is Wednesday, December 11th. This represents a $2.68 annualized dividend and a yield of 2.87%. Ameren's dividend payout ratio is currently 63.06%.

Ameren Company 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.