Ameren Corporation $AEE Shares Newly Acquired by Vise Technologies Inc.

Vise Technologies Inc. bought a new position in shares of Ameren Corporation (NYSE:AEE) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 5,251 shares of the utilities provider’s stock, valued at approximately $522,000.

Other large investors have also recently modified their holdings of the company. BlackRock Inc. purchased a new position in shares of Ameren during the second quarter valued at $2,918,526,000. Jupiter Topco LLC purchased a new stake in Ameren during the second quarter worth $578,254,000. Deutsche Bank AG bought a new stake in Ameren during the 2nd quarter valued at $253,519,000. Bank of America Corp DE purchased a new stake in shares of Ameren during the 2nd quarter worth $245,881,000. Finally, Legal & General Group Plc bought a new stake in Ameren during the second quarter valued at about $213,155,000. Hedge funds and other institutional investors own 79.09% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Ameren from $133.00 to $126.00 and set an “overweight” rating for the company in a research note on Tuesday, October 13th. Bank of America decreased their price target on Ameren from $113.00 to $107.00 and set a “neutral” rating for the company in a research note on Wednesday, October 21st. Morgan Stanley boosted their price target on Ameren from $108.00 to $109.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 21st. TD Cowen initiated coverage on shares of Ameren in a research report on Thursday, October 22nd. They issued a “hold” rating and a $114.00 price objective for the company. Finally, Wall Street Zen cut shares of Ameren from a “hold” rating to a “sell” rating in a report on Sunday, October 25th. Thirteen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Ameren currently has an average rating of “Moderate Buy” and an average target price of $117.95.

Insider Buying and Selling

In other Ameren news, Director Rafael Flores sold 248 shares of the company’s stock in a transaction on Friday, September 11th. The stock was sold at an average price of $105.53, for a total value of $26,171.44. Following the completion of the sale, the director directly owned 13,888 shares in the company, valued at $1,465,600.64. This represents a 1.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael L. Moehn sold 6,500 shares of Ameren stock in a transaction dated Tuesday, November 3rd. The stock was sold at an average price of $110.72, for a total transaction of $719,680.00. Following the transaction, the insider directly owned 193,790 shares in the company, valued at $21,456,428.80. This trade represents a 3.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 7,073 shares of company stock worth $781,254. 0.29% of the stock is owned by insiders.

Ameren Price Performance

Shares of Ameren stock opened at $113.25 on Thursday. The firm has a market cap of $31.36 billion, a PE ratio of 19.69, a P/E/G ratio of 3.32 and a beta of 0.42. Ameren Corporation has a twelve month low of $96.57 and a twelve month high of $118.32. The company has a quick ratio of 0.54, a current ratio of 0.74 and a debt-to-equity ratio of 1.43. The business has a 50-day moving average price of $105.35 and a 200 day moving average price of $108.67.

Ameren (NYSE:AEE) last announced its earnings results on Thursday, November 5th. The utilities provider reported $2.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.29 by $0.13. The firm had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.82 billion. Ameren had a return on equity of 11.27% and a net margin of 17.90%. The business’s revenue was up 6.8% on a year-over-year basis. During the same quarter last year, the firm posted $2.17 EPS. Sell-side analysts predict that Ameren Corporation will post 5.41 earnings per share for the current fiscal year.

Ameren Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Tuesday, December 8th will be given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Tuesday, December 8th. Ameren’s dividend payout ratio is 52.17%.

About Ameren

Ameren Corporation is a regulated utility holding company headquartered in St. Louis, Missouri. Through its subsidiaries, it provides electric and natural gas service to customers across Missouri and Illinois. Ameren Missouri generates, transmits and distributes electricity and delivers natural gas in parts of Missouri. Ameren Illinois operates electric transmission and distribution systems and provides natural gas delivery service in parts of Illinois. The company also develops and operates electric transmission infrastructure.