J.W. Cole Advisors Inc. Invests $107,000 in Ameren Co. (NYSE:AEE)

J.W. Cole Advisors Inc. purchased a new position in Ameren Co. (NYSE:AEEGet Rating) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 11,831 shares of the utilities provider’s stock, valued at approximately $107,000.

A number of other large investors have also recently made changes to their positions in the stock. CVA Family Office LLC boosted its holdings in shares of Ameren by 5.0% in the first quarter. CVA Family Office LLC now owns 2,425 shares of the utilities provider’s stock worth $227,000 after acquiring an additional 115 shares during the period. Veritable L.P. boosted its holdings in shares of Ameren by 1.1% in the first quarter. Veritable L.P. now owns 10,434 shares of the utilities provider’s stock worth $978,000 after acquiring an additional 118 shares during the period. Cetera Advisor Networks LLC boosted its holdings in shares of Ameren by 2.1% in the first quarter. Cetera Advisor Networks LLC now owns 5,703 shares of the utilities provider’s stock worth $535,000 after acquiring an additional 119 shares during the period. Avidian Wealth Solutions LLC boosted its stake in Ameren by 1.7% during the first quarter. Avidian Wealth Solutions LLC now owns 7,378 shares of the utilities provider’s stock valued at $692,000 after buying an additional 123 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in Ameren by 0.6% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 20,541 shares of the utilities provider’s stock valued at $1,926,000 after buying an additional 125 shares during the period. 77.98% of the stock is owned by institutional investors.

Ameren Trading Down 0.9 %

NYSE AEE opened at $90.46 on Thursday. The stock’s 50-day simple moving average is $92.55 and its two-hundred day simple moving average is $91.85. Ameren Co. has a twelve month low of $80.27 and a twelve month high of $99.20. The company has a quick ratio of 0.50, a current ratio of 0.67 and a debt-to-equity ratio of 1.30. The company has a market capitalization of $23.37 billion, a price-to-earnings ratio of 23.19, a PEG ratio of 3.13 and a beta of 0.35.

Ameren (NYSE:AEEGet Rating) last released its quarterly earnings data on Thursday, August 4th. The utilities provider reported $0.80 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.07). The company had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.52 billion. Ameren had a return on equity of 10.19% and a net margin of 14.49%. The firm’s quarterly revenue was up 17.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.80 EPS. Research analysts forecast that Ameren Co. will post 4.09 EPS for the current fiscal year.

Ameren Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Wednesday, September 7th will be issued a $0.59 dividend. The ex-dividend date is Tuesday, September 6th. This represents a $2.36 annualized dividend and a dividend yield of 2.61%. Ameren’s dividend payout ratio is currently 60.51%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Morgan Stanley lifted their price objective on Ameren from $94.00 to $101.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 23rd. Barclays dropped their price objective on Ameren from $99.00 to $91.00 and set an “equal weight” rating for the company in a research note on Monday, July 18th. BMO Capital Markets lifted their price objective on Ameren from $98.00 to $103.00 and gave the company an “outperform” rating in a research note on Friday, September 9th. UBS Group lowered Ameren from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $94.00 to $96.00 in a research note on Thursday, June 30th. Finally, Mizuho lifted their price objective on Ameren from $92.00 to $98.00 and gave the company a “neutral” rating in a research note on Monday, September 12th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $99.38.

Insider Transactions at Ameren

In other news, Director Rafael Flores sold 1,600 shares of Ameren stock in a transaction dated Wednesday, August 17th. The stock was sold at an average price of $96.07, for a total value of $153,712.00. Following the transaction, the director now owns 14,178 shares in the company, valued at $1,362,080.46. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, Chairman Warner L. Baxter sold 54,000 shares of the firm’s stock in a transaction dated Tuesday, August 9th. The stock was sold at an average price of $93.19, for a total value of $5,032,260.00. Following the sale, the chairman now directly owns 267,893 shares of the company’s stock, valued at $24,964,948.67. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Rafael Flores sold 1,600 shares of the firm’s stock in a transaction dated Wednesday, August 17th. The stock was sold at an average price of $96.07, for a total value of $153,712.00. Following the completion of the sale, the director now directly owns 14,178 shares in the company, valued at $1,362,080.46. The disclosure for this sale can be found here. Company insiders own 0.52% of the company’s stock.

About Ameren

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Ameren Corporation, together with its subsidiaries, operates as a public utility holding company in the United States. It operates through four segments: Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, and Ameren Transmission. The company engages in the rate-regulated electric generation, transmission, and distribution activities; and rate-regulated natural gas distribution and transmission businesses.

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Institutional Ownership by Quarter for Ameren (NYSE:AEE)

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