Dearborn Partners LLC purchased a new stake in Ameren Corporation (NYSE:AEE – Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 5,475 shares of the utilities provider’s stock, valued at approximately $602,000.
Other institutional investors have also made changes to their positions in the company. Keating Financial Advisory Services Inc. acquired a new position in shares of Ameren during the 2nd quarter worth about $27,000. Caitong International Asset Management Co. Ltd grew its holdings in Ameren by 285.5% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 266 shares of the utilities provider’s stock valued at $28,000 after buying an additional 197 shares during the last quarter. Garton & Associates Financial Advisors LLC acquired a new stake in Ameren in the 4th quarter valued at approximately $29,000. Osterweis Capital Management Inc. increased its position in Ameren by 6,040.0% in the 2nd quarter. Osterweis Capital Management Inc. now owns 307 shares of the utilities provider’s stock worth $29,000 after buying an additional 302 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. increased its position in Ameren by 74.9% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 292 shares of the utilities provider’s stock worth $33,000 after buying an additional 125 shares during the period. 79.09% of the stock is currently owned by institutional investors.
Ameren Price Performance
Shares of NYSE:AEE opened at $107.12 on Tuesday. The firm has a market capitalization of $29.66 billion, a PE ratio of 18.86, a PEG ratio of 2.56 and a beta of 0.47. The company has a current ratio of 0.53, a quick ratio of 0.37 and a debt-to-equity ratio of 1.38. Ameren Corporation has a 1-year low of $96.57 and a 1-year high of $118.32. The business’s 50 day moving average is $111.00 and its 200-day moving average is $110.28.
Ameren Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 8th will be paid a $0.75 dividend. The ex-dividend date is Tuesday, September 8th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.8%. Ameren’s dividend payout ratio is currently 52.82%.
Analyst Ratings Changes
A number of research analysts have recently commented on the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Ameren in a report on Friday, August 7th. BMO Capital Markets dropped their target price on shares of Ameren from $121.00 to $119.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 22nd. Truist Financial dropped their target price on shares of Ameren from $124.00 to $120.00 and set a “buy” rating on the stock in a research report on Monday, August 17th. Mizuho upped their target price on shares of Ameren from $122.00 to $124.00 and gave the company an “outperform” rating in a research note on Monday, August 3rd. Finally, Wall Street Zen downgraded shares of Ameren from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. Ten equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $121.42.
Read Our Latest Stock Report on AEE
Insiders Place Their Bets
In other news, SVP Theresa A. Shaw sold 325 shares of Ameren stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $108.93, for a total transaction of $35,402.25. Following the sale, the senior vice president directly owned 32,340 shares in the company, valued at approximately $3,522,796.20. The trade was a 0.99% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael L. Moehn sold 6,500 shares of the company’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $108.96, for a total transaction of $708,240.00. Following the completion of the sale, the insider directly owned 199,689 shares in the company, valued at approximately $21,758,113.44. The trade was a 3.15% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.29% of the company’s stock.
Ameren Profile
Ameren Corporation (NYSE: AEE) is an integrated energy company headquartered in St. Louis, Missouri, that provides electric and natural gas delivery and related services in portions of Missouri and Illinois. The company operates regulated utility businesses that serve a broad mix of residential, commercial and industrial customers, and it participates in wholesale energy markets and transmission operations that support reliable service across its service territories.
Ameren’s core activities include generation, transmission and distribution of electricity, distribution of natural gas, and the provision of customer energy solutions such as demand-side management and energy efficiency programs.
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