Posted by admin on Aug 24th, 2022 
Aaron Wealth Advisors LLC bought a new position in Ameren Co. (NYSE:AEE – Get Rating) during the first quarter, according to the company in its most recent filing with the SEC. The firm bought 29,065 shares of the utilities provider’s stock, valued at approximately $310,000.
A number of other large investors also recently added to or reduced their stakes in AEE. Stonebridge Capital Advisors LLC raised its position in Ameren by 885.7% in the 4th quarter. Stonebridge Capital Advisors LLC now owns 276 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 248 shares during the period. EverSource Wealth Advisors LLC bought a new stake in Ameren in the 4th quarter worth $26,000. Johnson Financial Group Inc. bought a new stake in Ameren in the 4th quarter worth $38,000. GHP Investment Advisors Inc. bought a new stake in Ameren in the 1st quarter worth $47,000. Finally, Tyler Stone Wealth Management bought a new stake in Ameren in the 4th quarter worth $50,000. Hedge funds and other institutional investors own 75.06% of the company’s stock.
Shares of NYSE AEE opened at $95.34 on Wednesday. Ameren Co. has a 1 year low of $80.27 and a 1 year high of $99.20. The stock has a market cap of $24.63 billion, a P/E ratio of 24.45, a price-to-earnings-growth ratio of 3.26 and a beta of 0.35. The firm has a 50-day moving average of $89.74 and a 200 day moving average of $90.73. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.67 and a quick ratio of 0.50.
Ameren (NYSE:AEE – Get Rating) last issued its quarterly earnings results on Thursday, August 4th. The utilities provider reported $0.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.07). Ameren had a net margin of 14.49% and a return on equity of 10.19%. The business had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.52 billion. During the same period last year, the business earned $0.80 earnings per share. The company’s revenue was up 17.3% on a year-over-year basis. As a group, sell-side analysts expect that Ameren Co. will post 4.09 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Wednesday, September 7th will be given a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, September 6th. This represents a $2.36 dividend on an annualized basis and a yield of 2.48%. Ameren’s dividend payout ratio (DPR) is currently 60.51%.
A number of equities research analysts have issued reports on the stock. UBS Group lowered shares of Ameren from a “buy” rating to a “neutral” rating and raised their price target for the stock from $94.00 to $96.00 in a report on Thursday, June 30th. Barclays cut their price target on shares of Ameren from $99.00 to $91.00 and set an “equal weight” rating on the stock in a report on Monday, July 18th. Mizuho cut their price target on shares of Ameren from $95.00 to $92.00 and set a “neutral” rating on the stock in a report on Friday, July 8th. Morgan Stanley lifted their target price on shares of Ameren from $94.00 to $101.00 and gave the company an “equal weight” rating in a research note on Tuesday. Finally, Argus lifted their target price on shares of Ameren from $95.00 to $102.00 and gave the company a “buy” rating in a research note on Friday, June 3rd. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Ameren presently has a consensus rating of “Hold” and an average price target of $97.63.
In related news, CFO Michael L. Moehn sold 2,630 shares of Ameren stock in a transaction dated Wednesday, June 1st. The shares were sold at an average price of $95.32, for a total transaction of $250,691.60. Following the completion of the transaction, the chief financial officer now directly owns 148,060 shares of the company’s stock, valued at approximately $14,113,079.20. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other Ameren news, CFO Michael L. Moehn sold 2,630 shares of Ameren stock in a transaction dated Wednesday, June 1st. The shares were sold at an average price of $95.32, for a total value of $250,691.60. Following the completion of the transaction, the chief financial officer now directly owns 148,060 shares of the company’s stock, valued at $14,113,079.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Rafael Flores sold 1,600 shares of Ameren stock in a transaction dated Wednesday, August 17th. The stock was sold at an average price of $96.07, for a total transaction of $153,712.00. Following the completion of the transaction, the director now directly owns 14,178 shares of the company’s stock, valued at $1,362,080.46. The disclosure for this sale can be found here. Insiders sold a total of 62,230 shares of company stock valued at $5,812,264 in the last three months. Company insiders own 0.52% of the company’s stock.
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Ameren Corporation, together with its subsidiaries, operates as a public utility holding company in the United States. It operates through four segments: Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, and Ameren Transmission. The company engages in the rate-regulated electric generation, transmission, and distribution activities; and rate-regulated natural gas distribution and transmission businesses.
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