Ameren Co. (NYSE:AEE) Shares Acquired by CWA Asset Management Group LLC

CWA Asset Management Group LLC lifted its holdings in shares of Ameren Co. (NYSE:AEE) by 2.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,786 shares of the utilities provider’s stock after acquiring an additional 125 shares during the period. CWA Asset Management Group LLC’s holdings in Ameren were worth $427,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp raised its holdings in Ameren by 2.6% during the third quarter. State Street Corp now owns 13,139,956 shares of the utilities provider’s stock worth $1,149,221,000 after purchasing an additional 334,752 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Ameren by 1.9% in the 3rd quarter. Geode Capital Management LLC now owns 6,672,164 shares of the utilities provider’s stock valued at $581,661,000 after buying an additional 127,287 shares during the last quarter. Janus Henderson Group PLC lifted its position in Ameren by 0.9% in the third quarter. Janus Henderson Group PLC now owns 4,561,994 shares of the utilities provider’s stock valued at $398,992,000 after acquiring an additional 39,300 shares during the last quarter. FMR LLC boosted its stake in Ameren by 59.8% in the third quarter. FMR LLC now owns 2,631,580 shares of the utilities provider’s stock valued at $230,158,000 after acquiring an additional 984,879 shares in the last quarter. Finally, Millennium Management LLC grew its holdings in shares of Ameren by 106.1% during the second quarter. Millennium Management LLC now owns 2,498,158 shares of the utilities provider’s stock worth $177,644,000 after purchasing an additional 1,286,162 shares during the last quarter. Hedge funds and other institutional investors own 79.09% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Michael L. Moehn sold 6,500 shares of Ameren 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 sale, the chief financial officer now directly owns 205,171 shares in the company, valued at $18,906,507.65. The trade was a 3.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.42% of the stock is currently owned by insiders.

Ameren Stock Up 1.4 %

AEE stock opened at $89.21 on Thursday. Ameren Co. has a one year low of $67.03 and a one year high of $95.69. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.41 and a current ratio of 0.63. The company has a fifty day moving average of $90.44 and a 200-day moving average of $84.50. The stock has a market capitalization of $23.81 billion, a PE ratio of 20.99, a price-to-earnings-growth ratio of 2.95 and a beta of 0.48.

Ameren Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Wednesday, December 11th were issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 3.00%. The ex-dividend date of this dividend was Wednesday, December 11th. Ameren’s dividend payout ratio is presently 63.06%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on AEE. Jefferies Financial Group started coverage on Ameren in a research report on Thursday, September 19th. They issued a “buy” rating and a $97.00 target price for the company. Barclays increased their price objective on Ameren from $77.00 to $88.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Argus raised shares of Ameren to a “strong-buy” rating in a report on Thursday, September 19th. BMO Capital Markets increased their price target on shares of Ameren from $93.00 to $98.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. Finally, Morgan Stanley lifted their price objective on shares of Ameren from $86.00 to $94.00 and gave the company an “equal weight” rating in a research note on Friday, December 13th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $89.89.

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.