CreativeOne Wealth LLC Takes Position in Ameren Co. (NYSE:AEE)

CreativeOne Wealth LLC purchased a new position in Ameren Co. (NYSE:AEE) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 5,232 shares of the utilities provider’s stock, valued at approximately $458,000.

Several other institutional investors also recently bought and sold shares of the company. Tidal Investments LLC lifted its stake in shares of Ameren by 4.9% in the first quarter. Tidal Investments LLC now owns 4,976 shares of the utilities provider’s stock worth $368,000 after buying an additional 234 shares in the last quarter. Atria Investments Inc boosted its stake in Ameren by 12.0% during the 1st quarter. Atria Investments Inc now owns 15,568 shares of the utilities provider’s stock valued at $1,151,000 after purchasing an additional 1,671 shares during the last quarter. Cetera Investment Advisers increased its holdings in shares of Ameren by 137.2% in the 1st quarter. Cetera Investment Advisers now owns 100,154 shares of the utilities provider’s stock worth $7,407,000 after purchasing an additional 57,923 shares in the last quarter. Cetera Advisors LLC raised its stake in shares of Ameren by 12.1% in the first quarter. Cetera Advisors LLC now owns 7,941 shares of the utilities provider’s stock worth $587,000 after purchasing an additional 856 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Ameren by 227.3% during the first quarter. EverSource Wealth Advisors LLC now owns 455 shares of the utilities provider’s stock valued at $34,000 after purchasing an additional 316 shares in the last quarter. 79.09% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Jefferies Financial Group started coverage on Ameren in a research report on Thursday, September 19th. They issued a “buy” rating and a $97.00 target price for the company. BMO Capital Markets increased their price objective on shares of Ameren from $84.00 to $87.00 and gave the company an “outperform” rating in a research report on Tuesday, August 6th. Bank of America lifted their target price on shares of Ameren from $86.00 to $87.00 and gave the stock a “neutral” rating in a research report on Thursday, August 29th. Mizuho raised 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 report on Monday, September 16th. Finally, Argus raised Ameren to a “strong-buy” rating in a report 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 given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $87.78.

Ameren Price Performance

NYSE AEE opened at $94.39 on Monday. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.41 and a current ratio of 0.63. The business’s fifty day moving average is $88.98 and its 200 day moving average is $81.03. The company has a market capitalization of $25.20 billion, a PE ratio of 22.21, a price-to-earnings-growth ratio of 3.11 and a beta of 0.45. Ameren Co. has a fifty-two week low of $67.03 and a fifty-two week high of $95.69.

Ameren Announces Dividend

The company also recently announced 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. This represents a $2.68 annualized dividend and a yield of 2.84%. The ex-dividend date is Wednesday, December 11th. Ameren’s dividend payout ratio is 63.06%.

Insider Transactions at Ameren

In other Ameren news, CFO Michael L. Moehn sold 6,500 shares of the stock in a transaction 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 completion of the sale, the chief financial officer now owns 205,171 shares in the company, valued at approximately $18,906,507.65. This represents a 3.07 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.42% of the company’s stock.

About Ameren

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.