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

CWA Asset Management Group LLC grew its stake in shares of Ameren Co. (NYSE:AEE) by 2.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm 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.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Millennium Management LLC increased its stake in Ameren by 106.1% in the 2nd quarter. Millennium Management LLC now owns 2,498,158 shares of the utilities provider’s stock valued at $177,644,000 after purchasing an additional 1,286,162 shares in the last quarter. International Assets Investment Management LLC grew its holdings in Ameren by 8,645.7% in the third quarter. International Assets Investment Management LLC now owns 1,160,998 shares of the utilities provider’s stock valued at $1,015,410,000 after purchasing an additional 1,147,723 shares during the last quarter. FMR LLC increased its position in shares of 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 buying an additional 984,879 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Ameren by 3,738.0% during the 3rd quarter. Assenagon Asset Management S.A. now owns 745,872 shares of the utilities provider’s stock worth $65,234,000 after buying an additional 726,438 shares during the last quarter. Finally, Verition Fund Management LLC boosted its position in shares of Ameren by 484.8% in the 3rd quarter. Verition Fund Management LLC now owns 637,241 shares of the utilities provider’s stock worth $55,733,000 after buying an additional 528,270 shares in the last quarter. 79.09% of the stock is currently owned by institutional investors and hedge funds.

Ameren Stock Up 1.4 %

Shares of NYSE:AEE opened at $89.21 on Thursday. Ameren Co. has a 12-month low of $67.03 and a 12-month high of $95.69. The stock’s 50-day moving average price is $90.44 and its two-hundred day moving average price is $84.50. The company has a current ratio of 0.63, a quick ratio of 0.41 and a debt-to-equity ratio of 1.37. The firm has a market cap of $23.81 billion, a price-to-earnings ratio of 20.99, a PEG ratio of 2.95 and a beta of 0.48.

Ameren Dividend Announcement

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

Insider Buying and Selling

In other Ameren news, CFO Michael L. Moehn sold 6,500 shares of the business’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $92.15, for a total transaction of $598,975.00. Following the completion of the sale, the chief financial officer now owns 205,171 shares of the company’s stock, valued at approximately $18,906,507.65. The trade was a 3.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.42% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

AEE has been the subject of a number of research reports. Wells Fargo & Company lifted their target price on shares of Ameren from $91.00 to $96.00 and gave the stock an “overweight” rating in a research report on Friday, September 20th. Barclays upped their target price on Ameren from $77.00 to $88.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. BMO Capital Markets raised their price target on Ameren from $93.00 to $98.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. Mizuho upgraded Ameren from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $82.00 to $89.00 in a research report on Monday, September 16th. Finally, Morgan Stanley lifted their price objective on Ameren from $86.00 to $94.00 and gave the stock an “equal weight” rating in a research report on Friday, December 13th. One equities research analyst has rated the stock with a sell rating, three have given 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, Ameren currently has a consensus rating of “Moderate Buy” and an average target price of $89.89.

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.