Spirit of America Management Corp NY Has $761,000 Stock Position in Ameren Co. (NYSE:AEE)

Spirit of America Management Corp NY lifted its stake in Ameren Co. (NYSE:AEE) by 3.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,700 shares of the utilities provider’s stock after acquiring an additional 250 shares during the quarter. Spirit of America Management Corp NY’s holdings in Ameren were worth $761,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD raised its stake in shares of Ameren by 25.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 22,931,588 shares of the utilities provider’s stock worth $1,696,022,000 after purchasing an additional 4,593,638 shares in the last quarter. Zimmer Partners LP grew its position in shares of Ameren by 204.3% in the 1st quarter. Zimmer Partners LP now owns 3,827,897 shares of the utilities provider’s stock valued at $283,111,000 after acquiring an additional 2,569,897 shares during the period. Millennium Management LLC increased its stake in shares of Ameren by 106.1% during the 2nd quarter. Millennium Management LLC now owns 2,498,158 shares of the utilities provider’s stock worth $177,644,000 after purchasing an additional 1,286,162 shares during the last quarter. International Assets Investment Management LLC raised its holdings in shares of Ameren by 8,645.7% in the 3rd quarter. International Assets Investment Management LLC now owns 1,160,998 shares of the utilities provider’s stock valued at $1,015,410,000 after purchasing an additional 1,147,723 shares during the period. Finally, Vanguard Group Inc. lifted its stake in Ameren by 2.5% in the 1st quarter. Vanguard Group Inc. now owns 33,092,435 shares of the utilities provider’s stock valued at $2,447,516,000 after purchasing an additional 802,714 shares during the last quarter. 79.09% of the stock is owned by institutional investors and hedge funds.

Ameren Price Performance

Ameren stock opened at $88.99 on Friday. The firm has a market cap of $23.73 billion, a PE ratio of 20.13, a price-to-earnings-growth ratio of 2.89 and a beta of 0.45. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.67 and a quick ratio of 0.45. The stock’s fifty day moving average price is $85.09 and its two-hundred day moving average price is $77.82. Ameren Co. has a one year low of $67.03 and a one year high of $89.54.

Ameren (NYSE:AEE) last posted its quarterly earnings results on Thursday, August 1st. The utilities provider reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.04. Ameren had a return on equity of 10.20% and a net margin of 16.28%. The business had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter in the previous year, the firm earned $0.90 earnings per share. Ameren’s revenue for the quarter was down 3.8% compared to the same quarter last year. As a group, research analysts expect that Ameren Co. will post 4.62 EPS for the current fiscal year.

Ameren Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Wednesday, December 11th will be paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 3.01%. The ex-dividend date of this dividend is Wednesday, December 11th. Ameren’s payout ratio is presently 60.63%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Wells Fargo & Company boosted their price target on Ameren from $91.00 to $96.00 and gave the stock an “overweight” rating in a research report on Friday, September 20th. Morgan Stanley increased their price target on Ameren from $81.00 to $85.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 25th. Mizuho raised shares of Ameren from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $82.00 to $89.00 in a research report on Monday, September 16th. Bank of America increased their price objective on shares of Ameren from $86.00 to $87.00 and gave the company a “neutral” rating in a research report on Thursday, August 29th. Finally, Argus upgraded shares of Ameren to a “strong-buy” rating in a research note on Thursday, September 19th. One equities research 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $87.80.

Insider Buying and Selling at Ameren

In other news, EVP Chonda J. Nwamu sold 1,610 shares of the business’s stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $81.94, for a total transaction of $131,923.40. Following the completion of the transaction, the executive vice president now owns 44,432 shares of the company’s stock, valued at approximately $3,640,758.08. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.42% of the company’s stock.

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.