Dakota Wealth Management Takes $2.31 Million Position in Ameren Corporation $AEE

Dakota Wealth Management purchased a new position in shares of Ameren Corporation (NYSE:AEE) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 23,143 shares of the utilities provider’s stock, valued at approximately $2,311,000.

Several other institutional investors have also recently added to or reduced their stakes in AEE. State Street Corp increased its holdings in shares of Ameren by 2.4% in the third quarter. State Street Corp now owns 14,045,845 shares of the utilities provider’s stock valued at $1,466,105,000 after purchasing an additional 328,401 shares during the period. Ameriprise Financial Inc. grew its position in Ameren by 1.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 6,283,529 shares of the utilities provider’s stock valued at $655,892,000 after buying an additional 60,519 shares during the last quarter. Invesco Ltd. increased its stake in Ameren by 1.0% in the 3rd quarter. Invesco Ltd. now owns 5,140,239 shares of the utilities provider’s stock valued at $536,538,000 after buying an additional 49,282 shares during the period. JPMorgan Chase & Co. raised its position in Ameren by 68.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,080,775 shares of the utilities provider’s stock worth $425,951,000 after buying an additional 1,661,019 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its stake in shares of Ameren by 3.6% in the 3rd quarter. Alliancebernstein L.P. now owns 3,378,053 shares of the utilities provider’s stock worth $352,601,000 after acquiring an additional 116,819 shares during the period. Institutional investors and hedge funds own 79.09% of the company’s stock.

Wall Street Analysts Forecast Growth

AEE has been the topic of a number of recent analyst reports. Morgan Stanley set a $116.00 price target on shares of Ameren in a research note on Friday, February 20th. Wells Fargo & Company lifted their price objective on Ameren from $111.00 to $113.00 and gave the company an “overweight” rating in a report on Friday, February 13th. Wall Street Zen upgraded Ameren from a “sell” rating to a “hold” rating in a research report on Saturday, March 21st. JPMorgan Chase & Co. increased their target price on Ameren from $108.00 to $111.00 and gave the stock a “neutral” rating in a research note on Thursday, January 15th. Finally, UBS Group raised their price target on Ameren from $125.00 to $127.00 and gave the company a “buy” rating in a report on Friday, February 20th. Six analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $113.45.

Insider Transactions at Ameren

In other Ameren news, insider Michael L. Moehn sold 6,500 shares of the company’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $103.60, for a total transaction of $673,400.00. Following the transaction, the insider owned 193,076 shares in the company, valued at approximately $20,002,673.60. This represents a 3.26% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.42% of the company’s stock.

Ameren Trading Down 0.0%

NYSE:AEE opened at $108.52 on Friday. The stock has a market cap of $30.00 billion, a price-to-earnings ratio of 20.28, a PEG ratio of 2.21 and a beta of 0.56. The company has a quick ratio of 0.46, a current ratio of 0.66 and a debt-to-equity ratio of 1.35. The company’s 50 day moving average price is $108.11 and its 200-day moving average price is $104.14. Ameren Corporation has a 52 week low of $91.77 and a 52 week high of $113.93.

Ameren (NYSE:AEE) last issued its earnings results on Wednesday, February 11th. The utilities provider reported $0.78 EPS for the quarter, beating the consensus estimate of $0.77 by $0.01. Ameren had a return on equity of 10.69% and a net margin of 16.55%.The business had revenue of $1.78 billion for the quarter, compared to the consensus estimate of $1.69 billion. During the same period last year, the business posted $0.77 EPS. The company’s revenue was down 8.2% compared to the same quarter last year. On average, equities research analysts forecast that Ameren Corporation will post 4.93 earnings per share for the current fiscal year.

Ameren Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 10th will be given a $0.75 dividend. This is a positive change from Ameren’s previous quarterly dividend of $0.71. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $3.00 dividend on an annualized basis and a yield of 2.8%. Ameren’s payout ratio is presently 56.07%.

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.