Cambridge Capital Management LLC Buys Shares of 8,069 Ameren Corporation $AEE

Cambridge Capital Management LLC bought a new stake in shares of Ameren Corporation (NYSE:AEE) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 8,069 shares of the utilities provider’s stock, valued at approximately $806,000. Ameren makes up about 0.4% of Cambridge Capital Management LLC’s portfolio, making the stock its 24th biggest position.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Caitong International Asset Management Co. Ltd boosted its position in Ameren by 285.5% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 266 shares of the utilities provider’s stock valued at $28,000 after acquiring an additional 197 shares in the last quarter. Osterweis Capital Management Inc. boosted its position in Ameren by 6,040.0% during the 2nd quarter. Osterweis Capital Management Inc. now owns 307 shares of the utilities provider’s stock valued at $29,000 after acquiring an additional 302 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new stake in Ameren during the 3rd quarter valued at $29,000. Sound Income Strategies LLC boosted its position in Ameren by 6,080.0% during the 4th quarter. Sound Income Strategies LLC now owns 309 shares of the utilities provider’s stock valued at $32,000 after acquiring an additional 304 shares in the last quarter. Finally, Wiser Advisor Group LLC bought a new stake in Ameren during the 3rd quarter valued at $35,000. Institutional investors own 79.09% of the company’s stock.

Analyst Ratings Changes

AEE has been the topic of several recent research reports. Truist Financial assumed coverage on Ameren in a research report on Monday. They set a “buy” rating and a $126.00 target price on the stock. Royal Bank Of Canada reiterated a “sector perform” rating and set a $116.00 price objective on shares of Ameren in a report on Friday, January 23rd. BTIG Research assumed coverage on Ameren in a report on Thursday, April 9th. They set a “buy” rating and a $131.00 price objective for the company. Mizuho set a $117.00 price objective on Ameren in a report on Friday, February 13th. Finally, Morgan Stanley decreased their price objective on Ameren from $119.00 to $117.00 and set an “equal weight” rating for the company in a report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $117.31.

Ameren Stock Performance

Shares of AEE stock opened at $109.18 on Thursday. The firm has a market capitalization of $30.20 billion, a price-to-earnings ratio of 20.41, a price-to-earnings-growth ratio of 2.23 and a beta of 0.52. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.66 and a quick ratio of 0.46. The business has a fifty day moving average of $110.82 and a 200 day moving average of $105.47. Ameren Corporation has a 1 year low of $93.27 and a 1 year high of $115.53.

Ameren (NYSE:AEE) last issued its earnings results on Wednesday, February 11th. The utilities provider reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.01. The company had revenue of $1.78 billion during the quarter, compared to analyst estimates of $1.69 billion. Ameren had a return on equity of 10.69% and a net margin of 16.55%.The firm’s quarterly revenue was down 8.2% on a year-over-year basis. During the same quarter last year, the business posted $0.77 EPS. As a group, research analysts expect that Ameren Corporation will post 5.32 earnings per share for the current year.

Ameren Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 10th were paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 2.7%. The ex-dividend date was Tuesday, March 10th. This is a positive change from Ameren’s previous quarterly dividend of $0.71. Ameren’s dividend payout ratio (DPR) is presently 56.07%.

Insider Buying and Selling

In other Ameren news, insider Michael L. Moehn sold 6,500 shares of Ameren stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $103.60, for a total transaction of $673,400.00. Following the completion of the sale, the insider directly owned 193,076 shares in the company, valued at approximately $20,002,673.60. The trade was a 3.26% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.29% of the company’s stock.

Ameren Profile

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.