2,950 Shares in Ameren Co. (NYSE:AEE) Purchased by Transform Wealth LLC

Posted by Defense World Staff on Mar 23rd, 2023

Transform Wealth LLC purchased a new position in shares of Ameren Co. (NYSE:AEE – Get Rating) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,950 shares of the utilities provider’s stock, valued at approximately $262,000.

Several other large investors have also recently added to or reduced their stakes in AEE. Penserra Capital Management LLC purchased a new position in Ameren during the first quarter worth about $25,000. CI Investments Inc. raised its holdings in Ameren by 1,006.5% during the third quarter. CI Investments Inc. now owns 343 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 312 shares in the last quarter. Mach 1 Financial Group LLC purchased a new position in Ameren during the third quarter worth about $40,000. GoalVest Advisory LLC purchased a new position in Ameren in the fourth quarter valued at about $41,000. Finally, CoreCap Advisors LLC purchased a new position in Ameren in the second quarter valued at about $48,000. 78.42% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AEE has been the subject of a number of research analyst reports. Wells Fargo & Company dropped their target price on shares of Ameren from $101.00 to $97.00 and set an “overweight” rating for the company in a report on Friday, February 17th. Guggenheim cut shares of Ameren from a “buy” rating to a “neutral” rating and increased their target price for the company from $84.00 to $89.00 in a report on Monday, January 23rd. StockNews.com initiated coverage on shares of Ameren in a report on Thursday, March 16th. They issued a “hold” rating for the company. Finally, Morgan Stanley dropped their target price on shares of Ameren from $89.00 to $84.00 and set an “equal weight” rating for the company in a report on Tuesday. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $94.40.

Insider Activity

In related news, EVP Mark C. Lindgren sold 3,130 shares of Ameren stock in a transaction on Thursday, March 2nd. The shares were sold at an average price of $81.19, for a total transaction of $254,124.70. Following the sale, the executive vice president now owns 45,343 shares of the company’s stock, valued at approximately $3,681,398.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, EVP Mark C. Lindgren sold 3,130 shares of the business’s stock in a transaction dated Thursday, March 2nd. The shares were sold at an average price of $81.19, for a total value of $254,124.70. Following the completion of the sale, the executive vice president now owns 45,343 shares of the company’s stock, valued at approximately $3,681,398.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Fadi M. Diya sold 5,000 shares of Ameren stock in a transaction dated Monday, March 13th. The shares were sold at an average price of $84.41, for a total transaction of $422,050.00. Following the completion of the transaction, the senior vice president now directly owns 94,533 shares of the company’s stock, valued at $7,979,530.53. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 63,509 shares of company stock valued at $5,221,792. Company insiders own 0.52% of the company’s stock.

Ameren Trading Down 2.3 %

Shares of AEE opened at $81.81 on Thursday. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.79 and a quick ratio of 0.59. The firm has a 50 day simple moving average of $85.43 and a 200-day simple moving average of $85.77. Ameren Co. has a 1-year low of $73.28 and a 1-year high of $99.20. The stock has a market cap of $21.44 billion, a price-to-earnings ratio of 19.76, a price-to-earnings-growth ratio of 2.88 and a beta of 0.41.

Ameren (NYSE:AEE – Get Rating) last issued its quarterly earnings data on Thursday, February 16th. The utilities provider reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.07. Ameren had a net margin of 13.50% and a return on equity of 10.50%. The business had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same period last year, the company posted $0.48 EPS. The company’s revenue was up 32.4% on a year-over-year basis. Equities analysts forecast that Ameren Co. will post 4.35 EPS for the current fiscal year.

Ameren Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 31st. Stockholders of record on Wednesday, March 15th will be paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 3.08%. The ex-dividend date of this dividend is Tuesday, March 14th. This is an increase from Ameren’s previous quarterly dividend of $0.59. Ameren’s dividend payout ratio (DPR) is currently 60.87%.

Ameren Profile

(Get Rating)

Ameren Corp. is a public utility holding company, which engages in the provision of electric and natural gas services. It operates through the following segments: Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, Ameren Transmission, and Other. The Ameren Transmission segment consists of the aggregated electric transmission businesses of Ameren Illinois and Ameren Transmission Company of Illinois (ATXI).