2,908 Shares in Ameren Co. (NYSE:AEE) Acquired by Marcum Wealth LLC

Marcum Wealth LLC bought a new stake in Ameren Co. (NYSE:AEE) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 2,908 shares of the utilities provider’s stock, valued at approximately $215,000.

Other large investors have also modified their holdings of the company. International Assets Investment Management LLC lifted its holdings in shares of Ameren by 7,133.8% in the 4th quarter. International Assets Investment Management LLC now owns 960,286 shares of the utilities provider’s stock worth $694,670,000 after acquiring an additional 947,011 shares during the last quarter. Cohen & Steers Inc. acquired a new stake in shares of Ameren in the fourth quarter valued at $60,445,000. Caisse DE Depot ET Placement DU Quebec lifted its stake in Ameren by 30.4% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,286,264 shares of the utilities provider’s stock worth $171,081,000 after acquiring an additional 532,800 shares in the last quarter. Schonfeld Strategic Advisors LLC grew its position in Ameren by 1,770.6% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 355,416 shares of the utilities provider’s stock valued at $26,596,000 after acquiring an additional 336,416 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Ameren by 276.1% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 399,565 shares of the utilities provider’s stock worth $29,899,000 after purchasing an additional 293,317 shares in the last quarter. Institutional investors and hedge funds own 79.09% of the company’s stock.

Insider Buying and Selling

In other news, EVP Mark C. Lindgren sold 4,000 shares of Ameren stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $75.53, for a total transaction of $302,120.00. Following the completion of the sale, the executive vice president now directly owns 43,935 shares in the company, valued at approximately $3,318,410.55. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, Director Rafael Flores sold 1,500 shares of the firm’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $71.29, for a total transaction of $106,935.00. Following the completion of the transaction, the director now directly owns 13,768 shares of the company’s stock, valued at approximately $981,520.72. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Mark C. Lindgren sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $75.53, for a total value of $302,120.00. Following the completion of the sale, the executive vice president now directly owns 43,935 shares in the company, valued at approximately $3,318,410.55. The disclosure for this sale can be found here. 0.42% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms have commented on AEE. Morgan Stanley boosted their price target on shares of Ameren from $69.00 to $76.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 28th. StockNews.com upgraded shares of Ameren from a “sell” rating to a “hold” rating in a report on Wednesday, May 8th. Bank of America increased their target price on Ameren from $77.00 to $78.00 and gave the company a “neutral” rating in a report on Thursday, April 11th. BMO Capital Markets upped their price objective on Ameren from $76.00 to $81.00 and gave the stock an “outperform” rating in a research report on Monday, May 6th. Finally, Barclays raised Ameren from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $73.00 to $77.00 in a research report on Thursday, May 30th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $79.70.

Ameren Trading Down 1.1 %

NYSE AEE opened at $70.25 on Friday. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.40 and a current ratio of 0.59. Ameren Co. has a one year low of $67.03 and a one year high of $88.72. The firm’s fifty day moving average is $72.81 and its two-hundred day moving average is $72.28. The firm has a market cap of $18.73 billion, a PE ratio of 16.15, a P/E/G ratio of 2.48 and a beta of 0.45.

Ameren (NYSE:AEE) last issued its earnings results on Thursday, May 9th. The utilities provider reported $0.98 earnings per share for the quarter, missing the consensus estimate of $1.06 by ($0.08). Ameren had a net margin of 15.84% and a return on equity of 10.20%. The firm had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $2.19 billion. During the same period in the previous year, the firm earned $1.00 EPS. The firm’s revenue was down 11.9% on a year-over-year basis. Analysts expect that Ameren Co. will post 4.58 earnings per share for the current year.

Ameren Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Wednesday, June 12th will be paid a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 3.81%. The ex-dividend date of this dividend is Wednesday, June 12th. Ameren’s dividend payout ratio (DPR) is 61.61%.

Ameren Company Profile

Ameren Corporation, together with its subsidiaries, operates as a public utility holding company in the United States. The company operates through four segments: Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, and Ameren Transmission. It engages in the rate-regulated electric generation, transmission, and distribution activities; and rate-regulated natural gas distribution business.