Lindenwold Advisors INC Buys Shares of 19,235 Ameren Co. (NYSE:AEE)

Lindenwold Advisors INC acquired a new stake in shares of Ameren Co. (NYSE:AEE - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 19,235 shares of the utilities provider's stock, valued at approximately $1,682,000.

A number of other hedge funds have also recently modified their holdings of AEE. Versant Capital Management Inc raised its stake in Ameren by 115.3% during the 2nd quarter. Versant Capital Management Inc now owns 366 shares of the utilities provider's stock worth $26,000 after acquiring an additional 196 shares during the period. First Command Advisory Services Inc. bought a new position in shares of Ameren during the 2nd quarter valued at approximately $26,000. Pathway Financial Advisers LLC bought a new position in shares of Ameren during the 1st quarter valued at approximately $31,000. EntryPoint Capital LLC increased its stake 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 last quarter. Finally, EverSource Wealth Advisors LLC increased its stake in Ameren by 227.3% during 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 during the last quarter. Institutional investors own 79.09% of the company's stock.

Analyst Ratings Changes

Several equities analysts have commented on the company. Bank of America upped their price objective on Ameren from $86.00 to $87.00 and gave the company a "neutral" rating in a research report on Thursday, August 29th. Argus raised Ameren to a "strong-buy" rating in a report on Thursday, September 19th. Barclays raised their target price on Ameren from $77.00 to $88.00 and gave the company an "overweight" rating in a research report on Tuesday, October 15th. 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. Finally, BMO Capital Markets lifted their price target on Ameren from $84.00 to $87.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 6th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $87.80.

Ameren Stock Down 0.3 %

NYSE AEE traded down $0.26 on Tuesday, hitting $92.09. 1,097,015 shares of the stock were exchanged, compared to its average volume of 1,597,173. The company has a quick ratio of 0.41, a current ratio of 0.63 and a debt-to-equity ratio of 1.37. Ameren Co. has a fifty-two week low of $67.03 and a fifty-two week high of $92.77. The company has a market cap of $24.58 billion, a PE ratio of 21.68, a PEG ratio of 3.00 and a beta of 0.45. The company has a 50-day moving average price of $87.30 and a 200-day moving average price of $79.80.

Ameren Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Wednesday, December 11th will be given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 2.91%. The ex-dividend date of this dividend is Wednesday, December 11th. Ameren's dividend payout ratio (DPR) is presently 63.06%.

Insider Buying and Selling at Ameren

In other news, EVP Chonda J. Nwamu sold 1,610 shares of the firm's 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 completion of the sale, the executive vice president now owns 44,432 shares in the company, valued at approximately $3,640,758.08. This trade represents a 3.50 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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.