505 Shares in Ameren Co. (NYSE:AEE) Purchased by Jamison Private Wealth Management Inc.

Jamison Private Wealth Management Inc. bought a new stake in shares of Ameren Co. (NYSE:AEE) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 505 shares of the utilities provider’s stock, valued at approximately $44,000.

Other large investors also recently made changes to their positions in the company. Versant Capital Management Inc increased its stake in Ameren by 115.3% in the 2nd quarter. Versant Capital Management Inc now owns 366 shares of the utilities provider’s stock valued at $26,000 after buying an additional 196 shares during the period. First Command Advisory Services Inc. purchased a new position in shares of Ameren during the 2nd quarter valued at $26,000. Farmers & Merchants Investments Inc. increased its stake in shares of Ameren by 117.6% in the first quarter. Farmers & Merchants Investments Inc. now owns 370 shares of the utilities provider’s stock worth $27,000 after acquiring an additional 200 shares during the last quarter. Pathway Financial Advisers LLC purchased a new stake in shares of Ameren during the first quarter worth $31,000. Finally, EntryPoint Capital LLC boosted its position in Ameren by 108.1% during the first quarter. EntryPoint Capital LLC now owns 435 shares of the utilities provider’s stock valued at $32,000 after purchasing an additional 226 shares during the last quarter. Institutional investors and hedge funds own 79.09% of the company’s stock.

Insider Buying and Selling

In other Ameren news, EVP Chonda J. Nwamu sold 1,610 shares of the stock in a transaction 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 completion of the sale, the executive vice president now directly owns 44,432 shares of the company’s stock, valued at $3,640,758.08. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.36% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on AEE. Barclays upped their target price on Ameren from $77.00 to $88.00 and gave the stock an “overweight” rating in a research report on Tuesday. BMO Capital Markets raised their price objective on shares of Ameren from $84.00 to $87.00 and gave the company an “outperform” rating in a research report on Tuesday, August 6th. Argus upgraded shares of Ameren to a “strong-buy” rating in a research note on Thursday, September 19th. Jefferies Financial Group assumed coverage on shares of Ameren in a research note on Thursday, September 19th. They set a “buy” rating and a $97.00 price target on the stock. Finally, UBS Group started coverage on shares of Ameren in a research note on Friday, July 19th. They issued a “buy” rating and a $87.00 price objective for the company. One research analyst has rated the stock with a sell rating, six have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Ameren presently has a consensus rating of “Moderate Buy” and a consensus target price of $87.80.

Ameren Stock Performance

Shares of AEE opened at $88.74 on Thursday. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.67 and a quick ratio of 0.45. Ameren Co. has a one year low of $67.03 and a one year high of $88.90. The company’s fifty day moving average price is $84.31 and its 200 day moving average price is $77.28. The company has a market capitalization of $23.66 billion, a PE ratio of 20.08, a price-to-earnings-growth ratio of 2.87 and a beta of 0.45.

Ameren (NYSE:AEE) last posted its quarterly earnings data on Thursday, August 1st. The utilities provider reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.04. Ameren had a return on equity of 10.20% and a net margin of 16.28%. The business had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same period in the previous year, the company posted $0.90 earnings per share. The firm’s revenue for the quarter was down 3.8% on a year-over-year basis. As a group, analysts expect that Ameren Co. will post 4.62 earnings per share for the current year.

Ameren Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Wednesday, December 11th will be paid a $0.67 dividend. The ex-dividend date is Wednesday, December 11th. This represents a $2.68 annualized dividend and a dividend yield of 3.02%. Ameren’s payout ratio is 60.63%.

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.