Visionary Wealth Advisors acquired a new stake in shares of Ameren Corporation (NYSE:AEE – Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 11,690 shares of the utilities provider’s stock, valued at approximately $1,321,000.
A number of other institutional investors have also recently added to or reduced their stakes in AEE. NewEdge Advisors LLC grew its position in shares of Ameren by 22.9% during the first quarter. NewEdge Advisors LLC now owns 8,077 shares of the utilities provider’s stock worth $811,000 after acquiring an additional 1,503 shares during the last quarter. Empowered Funds LLC increased its holdings in shares of Ameren by 19.8% in the 1st quarter. Empowered Funds LLC now owns 6,255 shares of the utilities provider’s stock worth $628,000 after acquiring an additional 1,034 shares during the period. Woodline Partners LP lifted its position in Ameren by 42.2% in the 1st quarter. Woodline Partners LP now owns 22,802 shares of the utilities provider’s stock valued at $2,289,000 after purchasing an additional 6,772 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in Ameren by 48.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,555 shares of the utilities provider’s stock valued at $149,000 after purchasing an additional 505 shares during the last quarter. Finally, Brown Advisory Inc. boosted its stake in Ameren by 6.3% during the 2nd quarter. Brown Advisory Inc. now owns 4,688 shares of the utilities provider’s stock valued at $450,000 after purchasing an additional 277 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 stock has a market cap of $29.66 billion, a P/E ratio of 18.86, a P/E/G ratio of 2.56 and a beta of 0.47. The firm’s 50-day simple moving average is $111.00 and its 200 day simple moving average is $110.28. Ameren Corporation has a fifty-two week low of $96.57 and a fifty-two week high of $118.32. The company has a quick ratio of 0.37, a current ratio of 0.53 and a debt-to-equity ratio of 1.38.
Ameren Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 8th will be issued a $0.75 dividend. The ex-dividend date is Tuesday, September 8th. This represents a $3.00 annualized dividend and a dividend yield of 2.8%. Ameren’s dividend payout ratio (DPR) is 52.82%.
Wall Street Analyst Weigh In
Several research firms have commented on AEE. Mizuho upped their target price on shares of Ameren from $122.00 to $124.00 and gave the stock an “outperform” rating in a research report on Monday, August 3rd. Barclays lifted their price target on Ameren from $116.00 to $117.00 and gave the company an “equal weight” rating in a report on Thursday, July 9th. BTIG Research set a $126.00 price objective on Ameren in a research report on Thursday, July 23rd. Weiss Ratings reissued a “buy (b)” rating on shares of Ameren in a report on Friday, August 7th. Finally, BMO Capital Markets decreased their price objective on Ameren from $121.00 to $119.00 and set an “outperform” rating for the company in a report on Wednesday, July 22nd. Ten analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Ameren presently has an average rating of “Moderate Buy” and a consensus price target of $121.42.
View Our Latest Research Report on AEE
Insider Activity at Ameren
In other Ameren news, insider Michael L. Moehn sold 6,500 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $108.96, for a total value of $708,240.00. Following the completion of the sale, the insider directly owned 199,689 shares in the company, valued at $21,758,113.44. This represents a 3.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Theresa A. Shaw sold 325 shares of the stock in a transaction on Friday, August 14th. The shares were sold at an average price of $108.93, for a total value of $35,402.25. Following the transaction, the senior vice president directly owned 32,340 shares of the company’s stock, valued at approximately $3,522,796.20. The trade was a 0.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.29% of the company’s stock.
About Ameren
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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