InvesTrust Takes Position in Ameren Co. (NYSE:AEE)

08 Jan 2025, 14:52 by Scott Moore · The Cerbat Gem

InvesTrust bought a new position in shares of Ameren Co. (NYSE:AEE – Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,008 shares of the utilities provider’s stock, valued at approximately $359,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in AEE. CWA Asset Management Group LLC lifted its position in Ameren by 2.7% during the 4th quarter. CWA Asset Management Group LLC now owns 4,786 shares of the utilities provider’s stock worth $427,000 after acquiring an additional 125 shares during the period. GAMMA Investing LLC lifted its position in Ameren by 14.4% in the fourth quarter. GAMMA Investing LLC now owns 6,674 shares of the utilities provider’s stock valued at $595,000 after purchasing an additional 839 shares during the period. JPMorgan Chase & Co. boosted its holdings in Ameren by 51.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,064,877 shares of the utilities provider’s stock valued at $93,134,000 after purchasing an additional 362,772 shares in the last quarter. Principal Financial Group Inc. increased its position in Ameren by 6.1% during the 3rd quarter. Principal Financial Group Inc. now owns 331,801 shares of the utilities provider’s stock worth $29,019,000 after purchasing an additional 19,217 shares during the period. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of Ameren during the 3rd quarter worth approximately $74,000. Hedge funds and other institutional investors own 79.09% of the company’s stock.

Insider Activity at Ameren

In related news, CFO Michael L. Moehn sold 6,500 shares of Ameren 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 sale, the chief financial officer now directly owns 205,171 shares in the company, valued at $18,906,507.65. This trade represents a 3.07 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.42% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on AEE shares. BMO Capital Markets upped their price objective on Ameren from $93.00 to $98.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. Barclays upped their price target on shares of Ameren from $77.00 to $88.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. Jefferies Financial Group assumed coverage on shares of Ameren in a research note on Thursday, September 19th. They issued a “buy” rating and a $97.00 price objective for the company. Wells Fargo & Company increased their target price on shares of Ameren from $91.00 to $96.00 and gave the company an “overweight” rating in a report on Friday, September 20th. Finally, Argus raised Ameren to a “strong-buy” rating in a research note on Thursday, September 19th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $89.89.

Check Out Our Latest Report on AEE

Ameren Stock Up 0.6 %

Shares of AEE stock traded up $0.49 during mid-day trading on Wednesday, reaching $88.45. 466,880 shares of the company were exchanged, compared to its average volume of 941,419. The company has a market capitalization of $23.61 billion, a P/E ratio of 20.81, a P/E/G ratio of 2.95 and a beta of 0.48. The business’s 50 day simple moving average is $90.39 and its 200 day simple moving average is $84.46. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.41 and a current ratio of 0.63. Ameren Co. has a fifty-two week low of $67.03 and a fifty-two week high of $95.69.

Ameren Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Wednesday, December 11th were issued a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 3.03%. The ex-dividend date of this dividend was Wednesday, December 11th. Ameren’s dividend payout ratio (DPR) is 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.