Ameren Corporation $AEE Shares Purchased by International Assets Investment Management LLC

International Assets Investment Management LLC lifted its stake in Ameren Corporation (NYSE:AEE) by 652.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 85,000 shares of the utilities provider’s stock after purchasing an additional 73,697 shares during the period. International Assets Investment Management LLC’s holdings in Ameren were worth $8,447,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Droms Strauss Advisors Inc. MO ADV increased its position in shares of Ameren by 2.2% during the first quarter. Droms Strauss Advisors Inc. MO ADV now owns 4,162 shares of the utilities provider’s stock worth $457,000 after acquiring an additional 90 shares during the period. Fortitude Advisory Group L.L.C. raised its stake in shares of Ameren by 4.3% during the first quarter. Fortitude Advisory Group L.L.C. now owns 2,269 shares of the utilities provider’s stock valued at $249,000 after acquiring an additional 93 shares in the last quarter. Parallel Advisors LLC raised its stake in shares of Ameren by 1.6% during the first quarter. Parallel Advisors LLC now owns 5,746 shares of the utilities provider’s stock valued at $632,000 after acquiring an additional 93 shares in the last quarter. Cidel Asset Management Inc. boosted its holdings in shares of Ameren by 5.1% in the second quarter. Cidel Asset Management Inc. now owns 1,990 shares of the utilities provider’s stock valued at $225,000 after purchasing an additional 96 shares during the period. Finally, IFP Advisors Inc boosted its holdings in shares of Ameren by 5.1% in the third quarter. IFP Advisors Inc now owns 2,051 shares of the utilities provider’s stock valued at $204,000 after purchasing an additional 100 shares during the period. Hedge funds and other institutional investors own 79.09% of the company’s stock.

Ameren Stock Performance

Shares of Ameren stock opened at $110.45 on Friday. The firm has a market capitalization of $30.58 billion, a P/E ratio of 19.45, a PEG ratio of 3.23 and a beta of 0.44. The company has a quick ratio of 0.37, a current ratio of 0.53 and a debt-to-equity ratio of 1.38. The company has a 50 day moving average price of $104.37 and a 200 day moving average price of $108.28. Ameren Corporation has a 52 week low of $96.57 and a 52 week high of $118.32.

Ameren (NYSE:AEE) last issued its earnings results on Thursday, July 30th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.08 by $0.05. Ameren had a return on equity of 10.95% and a net margin of 17.86%. The company had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.27 billion. During the same quarter last year, the business posted $1.01 EPS. The firm’s quarterly revenue was down 5.8% on a year-over-year basis. Sell-side analysts expect that Ameren Corporation will post 5.40 EPS for the current year.

Ameren Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Tuesday, December 8th will be given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Tuesday, December 8th. Ameren’s dividend payout ratio (DPR) is currently 52.82%.

Insider Buying and Selling at Ameren

In related news, Director Rafael Flores sold 248 shares of the firm’s stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $105.53, for a total transaction of $26,171.44. Following the sale, the director directly owned 13,888 shares of the company’s stock, valued at $1,465,600.64. This trade represents a 1.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Michael Moehn sold 6,500 shares of Ameren stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $108.96, for a total transaction of $708,240.00. Following the transaction, the insider directly owned 199,689 shares of the company’s stock, valued at approximately $21,758,113.44. This trade represents a 3.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 7,073 shares of company stock worth $769,814. Insiders own 0.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. KeyCorp raised their price objective on Ameren from $116.00 to $122.00 and gave the stock an “overweight” rating in a report on Tuesday, October 13th. Scotiabank started coverage on Ameren in a report on Tuesday, September 29th. They issued a “sector perform” rating and a $104.00 target price for the company. BTIG Research set a $126.00 price target on Ameren in a research report on Thursday, July 23rd. Truist Financial dropped their price target on Ameren from $120.00 to $116.00 and set a “buy” rating on the stock in a research report on Wednesday, October 14th. Finally, TD Cowen started coverage on Ameren in a research note on Thursday, October 22nd. They set a “hold” rating and a $114.00 price target on the stock. Eleven equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $116.74.

About Ameren

Ameren Corporation is a regulated electric and natural gas utility holding company headquartered in St. Louis, Missouri. Through its operating companies, Ameren Missouri and Ameren Illinois, the company provides electric generation, transmission and distribution services, as well as natural gas distribution.

Ameren serves approximately 2.5 million electric customers and more than 900,000 natural gas customers across Missouri and Illinois. Its operations include a diverse generation portfolio and infrastructure designed to deliver reliable energy to residential, commercial and industrial customers, while supporting the transition toward cleaner energy resources.

Ameren was formed in 1997 through the merger of Union Electric Company and CIPSCO Inc The company is led by Martin J.