4,513 Shares in Ameren Co. (NYSE:AEE) Purchased by Bordeaux Wealth Advisors LLC

Bordeaux Wealth Advisors LLC bought a new stake in shares of Ameren Co. (NYSE:AEE) 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 (NYSE:AEE) last issued its earnings results on Thursday, August 1st. The utilities provider reported $0.97 EPS for the quarter, topping the consensus estimate of $0.93 by $0.04. The company had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.87 billion. Ameren had a net margin of 16.28% and a return on equity of 10.20%. The firm’s revenue for the quarter was down 3.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.90 earnings per share. As a group, sell-side analysts anticipate that Ameren Co. will post 4.61 earnings per share for the current year.

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.

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.