NEOS Investment Management LLC Purchases New Shares in Ameren Co. (NYSE:AEE)

NEOS Investment Management LLC acquired a new position in Ameren Co. (NYSE:AEEFree Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 3,273 shares of the utilities provider’s stock, valued at approximately $237,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Invesco Ltd. increased its position in Ameren by 3.7% during the third quarter. Invesco Ltd. now owns 2,824,791 shares of the utilities provider’s stock valued at $211,379,000 after acquiring an additional 101,023 shares during the last quarter. Northern Trust Corp lifted its stake in Ameren by 1.2% in the third quarter. Northern Trust Corp now owns 2,430,398 shares of the utilities provider’s stock worth $181,867,000 after purchasing an additional 29,921 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its position in shares of Ameren by 30.4% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,286,264 shares of the utilities provider’s stock valued at $171,081,000 after buying an additional 532,800 shares during the period. Duff & Phelps Investment Management Co. grew its stake in shares of Ameren by 0.7% during the fourth quarter. Duff & Phelps Investment Management Co. now owns 1,764,675 shares of the utilities provider’s stock valued at $127,657,000 after buying an additional 11,705 shares during the last quarter. Finally, Maple Brown Abbott Ltd raised its holdings in shares of Ameren by 16.6% in the fourth quarter. Maple Brown Abbott Ltd now owns 1,574,860 shares of the utilities provider’s stock worth $113,925,000 after buying an additional 223,790 shares during the period. Hedge funds and other institutional investors own 79.09% of the company’s stock.

Insider Buying and Selling at Ameren

In other news, EVP Mark C. Lindgren sold 4,000 shares of the stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $75.53, for a total transaction of $302,120.00. Following the completion of the sale, the executive vice president now owns 43,935 shares in the company, valued at approximately $3,318,410.55. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.42% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on AEE shares. Barclays upgraded Ameren from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $73.00 to $77.00 in a report on Thursday, May 30th. The Goldman Sachs Group started coverage on shares of Ameren in a report on Wednesday, April 10th. They issued a “sell” rating and a $73.00 price target on the stock. StockNews.com upgraded shares of Ameren from a “sell” rating to a “hold” rating in a report on Wednesday, May 8th. Morgan Stanley upped their target price on shares of Ameren from $69.00 to $76.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 28th. Finally, Bank of America lifted their price target on shares of Ameren from $77.00 to $78.00 and gave the company a “neutral” rating in a research note on Thursday, April 11th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Ameren currently has a consensus rating of “Hold” and an average target price of $79.70.

Read Our Latest Stock Analysis on Ameren

Ameren Stock Down 0.4 %

Ameren stock opened at $72.11 on Friday. Ameren Co. has a twelve month low of $67.03 and a twelve month high of $88.72. The business has a fifty day moving average of $73.35 and a two-hundred day moving average of $72.84. The firm has a market cap of $19.23 billion, a P/E ratio of 16.58, a P/E/G ratio of 2.53 and a beta of 0.45. The company has a quick ratio of 0.40, a current ratio of 0.59 and a debt-to-equity ratio of 1.31.

Ameren (NYSE:AEEGet Free Report) last issued its quarterly earnings data on Thursday, May 9th. The utilities provider reported $0.98 earnings per share for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.08). The company had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $2.19 billion. Ameren had a net margin of 15.84% and a return on equity of 10.20%. Ameren’s revenue for the quarter was down 11.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.00 EPS. On average, analysts forecast that Ameren Co. will post 4.58 earnings per share for the current fiscal year.

Ameren Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Wednesday, June 12th will be given a dividend of $0.67 per share. The ex-dividend date is Wednesday, June 12th. This represents a $2.68 dividend on an annualized basis and a yield of 3.72%. Ameren’s payout ratio is 61.61%.

Ameren Profile

(Free Report)

Ameren Corporation, together with its subsidiaries, operates as a public utility holding company in the United States. The company operates through four segments: Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, and Ameren Transmission. It engages in the rate-regulated electric generation, transmission, and distribution activities; and rate-regulated natural gas distribution business.

Further Reading

Institutional Ownership by Quarter for Ameren (NYSE:AEE)

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