Bordeaux Wealth Advisors LLC bought a new stake in shares of Ameren Co. (NYSE:AEE – Free Report) in the second quarter, Holdings Channel reports. The fund bought 4,513 shares of the utilities provider’s stock, valued at approximately $321,000.
A number of other hedge funds have also added to or reduced their stakes in the stock. Dimensional Fund Advisors LP grew its stake in Ameren by 1.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 898,638 shares of the utilities provider’s stock valued at $65,007,000 after acquiring an additional 12,431 shares in the last quarter. Koshinski Asset Management Inc. increased its holdings in shares of Ameren by 493.0% in the first quarter. Koshinski Asset Management Inc. now owns 21,728 shares of the utilities provider’s stock worth $1,607,000 after purchasing an additional 18,064 shares during the period. Putnam Investments LLC raised its position in shares of Ameren by 3.2% in the fourth quarter. Putnam Investments LLC now owns 5,112,645 shares of the utilities provider’s stock worth $369,849,000 after buying an additional 156,733 shares in the last quarter. SG Americas Securities LLC boosted its stake in Ameren by 703.6% during the first quarter. SG Americas Securities LLC now owns 129,346 shares of the utilities provider’s stock valued at $9,566,000 after buying an additional 113,250 shares during the period. Finally, BNP Paribas Financial Markets grew its position in Ameren by 83.9% during the fourth quarter. BNP Paribas Financial Markets now owns 264,835 shares of the utilities provider’s stock worth $19,158,000 after buying an additional 120,849 shares in the last quarter. Hedge funds and other institutional investors own 79.09% of the company’s stock.
Ameren Trading Down 0.1 %
Shares of AEE stock opened at $83.74 on Friday. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.67 and a quick ratio of 0.45. The business has a 50-day moving average of $78.12 and a 200 day moving average of $74.42. The stock has a market capitalization of $22.33 billion, a PE ratio of 19.25, a P/E/G ratio of 2.72 and a beta of 0.45. Ameren Co. has a 1-year low of $67.03 and a 1-year high of $84.60.
Ameren Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Wednesday, September 11th will be issued a dividend of $0.67 per share. The ex-dividend date is Wednesday, September 11th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.20%. Ameren’s dividend payout ratio is currently 61.61%.
Analyst Ratings Changes
Several analysts have weighed in on the company. Morgan Stanley raised their price target on Ameren from $74.00 to $81.00 and gave the company an “equal weight” rating in a report on Friday, August 23rd. UBS Group initiated coverage on shares of Ameren in a research report on Friday, July 19th. They set a “buy” rating and a $87.00 target price for the company. Barclays upgraded shares of Ameren from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $73.00 to $77.00 in a research report on Thursday, May 30th. Bank of America upped their target price on shares of Ameren from $86.00 to $87.00 and gave the stock a “neutral” rating in a research report on Thursday, August 29th. Finally, BMO Capital Markets raised their price target on Ameren from $84.00 to $87.00 and gave the company an “outperform” rating in a research report on Tuesday, August 6th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $81.00.
View Our Latest Stock Report on Ameren
Insider Buying and Selling
In other Ameren news, EVP Chonda J. Nwamu sold 1,610 shares of the company’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $81.94, for a total transaction of $131,923.40. Following the completion of the transaction, the executive vice president now owns 44,432 shares of the company’s stock, valued at approximately $3,640,758.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.42% of the stock is owned by insiders.
About Ameren
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.
Featured Stories
- Five stocks we like better than Ameren
- What Are Some of the Best Large-Cap Stocks to Buy?
- Why Trevi Therapeutics Could Be a Triple-Bagger Biotech Stock
- How to Read Stock Charts for Beginners
- Is There an AI Bubble: Yes? No? Maybe
- Breakout Stocks: What They Are and How to Identify Them
- GameStop in Rebound Mode: Is Now the Time to Buy?
Want to see what other hedge funds are holding AEE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ameren Co. (NYSE:AEE – Free Report).
Receive News & Ratings for Ameren Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ameren and related companies with MarketBeat.com's FREE daily email newsletter.