Mutual Advisors LLC Has $1.62 Million Holdings in Ameren Co. (NYSE:AEE)

Posted by Defense World Staff on Mar 23rd, 2023

Mutual Advisors LLC boosted its stake in Ameren Co. (NYSE:AEE – Get Rating) by 145.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,269 shares of the utilities provider’s stock after purchasing an additional 10,824 shares during the quarter. Mutual Advisors LLC’s holdings in Ameren were worth $1,624,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Penserra Capital Management LLC acquired a new position in Ameren in the first quarter valued at about $25,000. CI Investments Inc. raised its stake 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 acquiring an additional 312 shares in the last quarter. GoalVest Advisory LLC acquired a new position in Ameren during the fourth quarter worth about $41,000. Mach 1 Financial Group LLC acquired a new position in Ameren during the third quarter worth about $40,000. Finally, CoreCap Advisors LLC acquired a new position in Ameren during the second quarter worth about $48,000. Institutional investors and hedge funds own 78.42% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the company. Morgan Stanley lowered their target price on Ameren from $89.00 to $84.00 and set an “equal weight” rating for the company in a research note on Tuesday. Guggenheim downgraded Ameren from a “buy” rating to a “neutral” rating and upped their price objective for the company from $84.00 to $89.00 in a research note on Monday, January 23rd. Wells Fargo & Company lowered their price objective on Ameren from $101.00 to $97.00 and set an “overweight” rating for the company in a research note on Friday, February 17th. Finally, StockNews.com assumed coverage on Ameren in a research note on Thursday, March 16th. They issued a “hold” rating for the company. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $94.40.

Insider Transactions at Ameren

In other news, EVP Mark C. Lindgren sold 3,130 shares of the company’s stock in a transaction that occurred on Thursday, March 2nd. The stock was sold at an average price of $81.19, for a total transaction of $254,124.70. Following the transaction, the executive vice president now directly owns 45,343 shares of the company’s stock, valued at $3,681,398.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Chairman Warner L. Baxter sold 49,819 shares of the company’s stock in a transaction that occurred on Thursday, March 2nd. The stock was sold at an average price of $81.83, for a total transaction of $4,076,688.77. Following the transaction, the chairman now directly owns 207,272 shares of the company’s stock, valued at $16,961,067.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Mark C. Lindgren sold 3,130 shares of the company’s stock in a transaction that occurred on Thursday, March 2nd. The stock was sold at an average price of $81.19, for a total value of $254,124.70. Following the transaction, the executive vice president now directly owns 45,343 shares in the company, valued at $3,681,398.17. The disclosure for this sale can be found here. Insiders have sold 63,509 shares of company stock valued at $5,221,792 over the last ninety days. 0.52% of the stock is owned by company insiders.

Ameren Price Performance

Ameren stock opened at $81.81 on Thursday. The stock has a market capitalization of $21.44 billion, a price-to-earnings ratio of 19.76, a PEG ratio of 2.88 and a beta of 0.41. Ameren Co. has a 52-week low of $73.28 and a 52-week high of $99.20. The stock’s 50 day moving average price is $85.43 and its two-hundred day moving average price is $85.77. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.59 and a current ratio of 0.79.

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

Ameren Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 31st. Shareholders of record on Wednesday, March 15th will be issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 3.08%. This is a boost from Ameren’s previous quarterly dividend of $0.59. The ex-dividend date of this dividend is Tuesday, March 14th. Ameren’s dividend payout ratio is presently 60.87%.

Ameren Company Profile

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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).