Ameren Co. (NYSE:AEE) Shares Bought by Van ECK Associates Corp

Van ECK Associates Corp boosted its position in shares of Ameren Co. (NYSE:AEEGet Rating) by 6.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 52,262 shares of the utilities provider’s stock after buying an additional 3,025 shares during the period. Van ECK Associates Corp’s holdings in Ameren were worth $4,210,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in AEE. Penserra Capital Management LLC acquired a new position in Ameren during the first quarter worth approximately $25,000. Dupont Capital Management Corp purchased a new position in shares of Ameren in the 2nd quarter valued at approximately $30,000. Quent Capital LLC grew its stake in shares of Ameren by 46.8% in the 2nd quarter. Quent Capital LLC now owns 439 shares of the utilities provider’s stock valued at $40,000 after purchasing an additional 140 shares during the last quarter. SeaCrest Wealth Management LLC purchased a new position in shares of Ameren in the 2nd quarter valued at approximately $45,000. Finally, CX Institutional purchased a new position in shares of Ameren in the 2nd quarter valued at approximately $48,000. Institutional investors and hedge funds own 78.42% of the company’s stock.

Insiders Place Their Bets

In other Ameren news, Chairman Warner L. Baxter sold 50,000 shares of the business’s stock in a transaction on Wednesday, December 14th. The stock was sold at an average price of $90.32, for a total transaction of $4,516,000.00. Following the sale, the chairman now directly owns 217,893 shares in the company, valued at $19,680,095.76. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.52% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. StockNews.com assumed coverage on Ameren in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. Wells Fargo & Company lifted their target price on Ameren from $93.00 to $101.00 in a research note on Wednesday, December 14th. Guggenheim lowered their target price on Ameren from $99.00 to $84.00 in a research note on Monday, October 24th. Morgan Stanley lifted their target price on Ameren from $86.00 to $92.00 and gave the company an “equal weight” rating in a research note on Thursday, December 15th. Finally, BMO Capital Markets lifted their price target on Ameren from $85.00 to $90.00 and gave the company an “outperform” rating in a research note on Monday, November 7th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $95.10.

Ameren Stock Up 1.7 %

Ameren stock opened at $90.62 on Thursday. The stock’s 50 day moving average price is $87.21 and its 200 day moving average price is $87.89. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.79 and a quick ratio of 0.57. The company has a market cap of $23.43 billion, a PE ratio of 22.71, a price-to-earnings-growth ratio of 2.99 and a beta of 0.41. Ameren Co. has a 1-year low of $73.28 and a 1-year high of $99.20.

Ameren (NYSE:AEEGet Rating) last posted its earnings results on Thursday, November 3rd. The utilities provider reported $1.74 EPS for the quarter, topping analysts’ consensus estimates of $1.72 by $0.02. The company had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $1.89 billion. Ameren had a return on equity of 10.33% and a net margin of 13.90%. Ameren’s quarterly revenue was up 27.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.65 earnings per share. On average, sell-side analysts predict that Ameren Co. will post 4.07 EPS for the current fiscal year.

Ameren Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 30th. Shareholders of record on Wednesday, December 7th were given a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, December 6th. This represents a $2.36 dividend on an annualized basis and a yield of 2.60%. Ameren’s payout ratio is 59.15%.

About Ameren

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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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Institutional Ownership by Quarter for Ameren (NYSE:AEE)

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