Pathstone Holdings LLC Increases Stock Position in Ameren Co. (NYSE:AEE)

Pathstone Holdings LLC grew its stake in Ameren Co. (NYSE:AEE) by 7.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,943 shares of the utilities provider’s stock after buying an additional 2,182 shares during the period. Pathstone Holdings LLC’s holdings in Ameren were worth $2,794,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Lindenwold Advisors INC purchased a new position in Ameren in the third quarter worth $1,682,000. Meeder Advisory Services Inc. boosted its holdings in shares of Ameren by 21.8% in the 3rd quarter. Meeder Advisory Services Inc. now owns 6,841 shares of the utilities provider’s stock worth $598,000 after purchasing an additional 1,223 shares in the last quarter. Drive Wealth Management LLC purchased a new position in shares of Ameren in the 3rd quarter worth about $249,000. Braun Stacey Associates Inc. increased its position in shares of Ameren by 1.1% during the 3rd quarter. Braun Stacey Associates Inc. now owns 193,962 shares of the utilities provider’s stock valued at $16,964,000 after purchasing an additional 2,120 shares during the last quarter. Finally, Swiss National Bank raised its holdings in shares of Ameren by 0.3% during the 3rd quarter. Swiss National Bank now owns 791,400 shares of the utilities provider’s stock valued at $69,216,000 after buying an additional 2,300 shares in the last quarter. Institutional investors own 79.09% of the company’s stock.

Insider Activity

In other news, CFO Michael L. Moehn sold 6,500 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $92.15, for a total value of $598,975.00. Following the completion of the transaction, the chief financial officer now owns 205,171 shares of the company’s stock, valued at approximately $18,906,507.65. This represents a 3.07 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Chonda J. Nwamu sold 1,610 shares of Ameren stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $81.94, for a total value of $131,923.40. Following the sale, the executive vice president now owns 44,432 shares in the company, valued at $3,640,758.08. This represents a 3.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.36% of the company’s stock.

Wall Street Analysts Forecast Growth

AEE has been the topic of a number of recent research reports. Wells Fargo & Company increased their price target on shares of Ameren from $91.00 to $96.00 and gave the company an “overweight” rating in a research report on Friday, September 20th. Bank of America increased their target price on shares of Ameren from $86.00 to $87.00 and gave the company a “neutral” rating in a report on Thursday, August 29th. Morgan Stanley lowered their price target on shares of Ameren from $88.00 to $86.00 and set an “equal weight” rating for the company in a research note on Friday. Barclays raised their price objective on Ameren from $77.00 to $88.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. Finally, Mizuho raised Ameren from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $82.00 to $89.00 in a research note on Monday, September 16th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $87.90.

Ameren Price Performance

AEE opened at $93.54 on Tuesday. The stock’s 50 day moving average price is $88.19 and its 200-day moving average price is $80.47. Ameren Co. has a 52-week low of $67.03 and a 52-week high of $94.61. The stock has a market capitalization of $24.97 billion, a PE ratio of 22.01, a price-to-earnings-growth ratio of 3.09 and a beta of 0.45. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.41 and a current ratio of 0.63.

Ameren Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Wednesday, December 11th will be given a $0.67 dividend. The ex-dividend date is Wednesday, December 11th. This represents a $2.68 annualized dividend and a dividend yield of 2.87%. Ameren’s dividend payout ratio is 63.06%.

Ameren 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.