Allworth Financial LP increased its holdings in shares of Ameren Corporation (NYSE:AEE – Free Report) by 18.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 39,205 shares of the utilities provider’s stock after buying an additional 6,060 shares during the quarter. Allworth Financial LP’s holdings in Ameren were worth $3,915,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in AEE. Caitong International Asset Management Co. Ltd increased its position in shares of Ameren by 285.5% in the third 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 during the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Ameren in the third quarter valued at about $29,000. Osterweis Capital Management Inc. increased its position in shares of Ameren by 6,040.0% in the second 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 during the last quarter. Sound Income Strategies LLC increased its position in shares of Ameren by 6,080.0% in the fourth 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 during the last quarter. Finally, Wiser Advisor Group LLC bought a new position in Ameren during the third quarter worth about $35,000. Institutional investors and hedge funds own 79.09% of the company’s stock.
Ameren Stock Down 2.8%
Shares of AEE opened at $106.50 on Friday. Ameren Corporation has a one year low of $93.50 and a one year high of $115.58. The company has a market cap of $29.47 billion, a P/E ratio of 19.15, a P/E/G ratio of 2.14 and a beta of 0.50. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.62 and a quick ratio of 0.44. The firm has a 50 day simple moving average of $110.59 and a two-hundred day simple moving average of $106.08.
Key Ameren News
Here are the key news stories impacting Ameren this week:
- Positive Sentiment: Ameren’s board declared a quarterly cash dividend of 75 cents per share, reinforcing its appeal as an income stock for utility investors. The dividend is payable June 30 to shareholders of record on June 9. Ameren Corporation Directors Declare Quarterly Dividend
- Positive Sentiment: Analyst sentiment remains constructive overall, with Ameren carrying a “Moderate Buy” consensus rating and an average target price around $118, suggesting some upside from recent levels. Ameren Corporation Receives Average Rating of Moderate Buy from Analysts
- Positive Sentiment: JPMorgan still sees value in the name, recently setting a $120 price target, which supports the view that analysts see Ameren as a steady utility with limited downside and modest upside potential. Ameren Given New $120.00 Price Target at JPMorgan Chase & Co.
- Neutral Sentiment: Ameren’s recent earnings report was solid, with EPS of $1.28 beating estimates, though revenue came in slightly below expectations. That keeps the fundamentals stable, but it is not a fresh catalyst today.
- Negative Sentiment: Recent insider selling by SVP Theresa Shaw may add some pressure to sentiment, even though the trades were small and made under a pre-arranged 10b5-1 plan. Insider Selling: Ameren (NYSE:AEE) SVP Sells 325 Shares of Stock
- Negative Sentiment: JPMorgan cut its price target from $123 to $120 and kept a neutral stance, which may have tempered enthusiasm despite the stock still implying some upside. Ameren (NYSE:AEE) Given New $120.00 Price Target at JPMorgan Chase & Co.
Insiders Place Their Bets
In other Ameren news, SVP Theresa A. Shaw sold 325 shares of the stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $109.08, for a total transaction of $35,451.00. Following the completion of the sale, the senior vice president directly owned 32,618 shares in the company, valued at approximately $3,557,971.44. This trade represents a 0.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.29% of the company’s stock.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on the company. Barclays boosted their price target on Ameren from $104.00 to $116.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 15th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $116.00 price target on shares of Ameren in a research note on Friday, January 23rd. BMO Capital Markets boosted their price target on Ameren from $112.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday, February 13th. BTIG Research assumed coverage on Ameren in a research note on Thursday, April 9th. They issued a “buy” rating and a $131.00 price target for the company. Finally, Argus boosted their price target on Ameren from $108.00 to $115.00 and gave the company a “buy” rating in a research note on Monday, March 23rd. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $118.00.
Get Our Latest Stock Report on Ameren
Ameren Company 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.
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