Ameren Corporation $AEE Shares Acquired by Prosperitas Financial LLC

Prosperitas Financial LLC lifted its position in shares of Ameren Corporation (NYSE:AEE) by 12.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 49,298 shares of the utilities provider’s stock after buying an additional 5,292 shares during the quarter. Prosperitas Financial LLC’s holdings in Ameren were worth $4,899,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in AEE. Amundi increased its position in shares of Ameren by 106.0% during the first quarter. Amundi now owns 919,349 shares of the utilities provider’s stock worth $101,055,000 after acquiring an additional 473,048 shares in the last quarter. Focus Partners Advisor Solutions LLC bought a new position in Ameren in the 2nd quarter worth approximately $1,637,000. Nykredit A S purchased a new position in shares of Ameren in the second quarter valued at $3,982,000. Capital Analysts LLC bought a new position in shares of Ameren in the second quarter valued at approximately $2,232,000. Finally, Bank of Nova Scotia purchased a new stake in shares of Ameren in the 2nd quarter valued at about $3,288,000. Institutional investors own 79.09% of the company’s stock.

Ameren Stock Performance

NYSE:AEE opened at $110.45 on Friday. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.37 and a current ratio of 0.53. Ameren Corporation has a fifty-two week low of $96.57 and a fifty-two week high of $118.32. The firm has a market cap of $30.58 billion, a PE ratio of 20.56, a price-to-earnings-growth ratio of 3.22 and a beta of 0.44. The business has a 50 day moving average price of $104.37 and a 200-day moving average price of $108.28.

Ameren (NYSE:AEE) last issued its earnings results on Thursday, July 30th. The utilities provider reported $1.13 EPS for the quarter, topping the consensus estimate of $1.08 by $0.05. Ameren had a net margin of 17.86% and a return on equity of 10.95%. The company had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.27 billion. During the same period in the previous year, the firm earned $1.01 earnings per share. The firm’s revenue for the quarter was down 5.8% on a year-over-year basis. Equities research analysts predict that Ameren Corporation will post 5.40 earnings per share for the current year.

Ameren Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Tuesday, December 8th will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Tuesday, December 8th. This represents a $3.00 dividend on an annualized basis and a yield of 2.7%. Ameren’s dividend payout ratio is presently 52.82%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on AEE shares. Truist Financial cut their price target on shares of Ameren from $120.00 to $116.00 and set a “buy” rating for the company in a research note on Wednesday, October 14th. Barclays reduced their price objective on Ameren from $117.00 to $109.00 and set an “equal weight” rating on the stock in a research report on Monday, October 19th. Morgan Stanley upped their target price on Ameren from $108.00 to $109.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 21st. Royal Bank Of Canada reduced their price target on shares of Ameren from $114.00 to $107.00 and set a “sector perform” rating on the stock in a research report on Friday, September 25th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Ameren from $126.00 to $137.00 and gave the stock an “overweight” rating in a research note on Thursday, July 16th. Eleven analysts have rated the stock with a Buy rating and five have assigned 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 target price of $116.74.

Insider Buying and Selling at Ameren

In other Ameren news, Director Rafael Flores sold 248 shares of the stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $105.53, for a total value of $26,171.44. Following the completion of the sale, the director owned 13,888 shares in the company, valued at approximately $1,465,600.64. This trade represents a 1.75% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Theresa Shaw sold 325 shares of Ameren stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $108.93, for a total value of $35,402.25. Following the completion of the sale, the senior vice president owned 32,340 shares in the company, valued at approximately $3,522,796.20. This represents a 0.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 7,073 shares of company stock valued at $769,814 in the last 90 days. Insiders own 0.29% of the company’s stock.

Ameren Profile

Ameren Corporation is a regulated electric and natural gas utility holding company headquartered in St. Louis, Missouri. Through its operating companies, Ameren Missouri and Ameren Illinois, the company provides electric generation, transmission and distribution services, as well as natural gas distribution.

Ameren serves approximately 2.5 million electric customers and more than 900,000 natural gas customers across Missouri and Illinois. Its operations include a diverse generation portfolio and infrastructure designed to deliver reliable energy to residential, commercial and industrial customers, while supporting the transition toward cleaner energy resources.

Ameren was formed in 1997 through the merger of Union Electric Company and CIPSCO Inc The company is led by Martin J.