Headlands Technologies LLC Acquires Shares of 2,040 Ameren Co. (NYSE:AEE)

Headlands Technologies LLC bought a new position in shares of Ameren Co. (NYSE:AEEFree Report) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 2,040 shares of the utilities provider’s stock, valued at approximately $153,000.

Other large investors have also recently added to or reduced their stakes in the company. Colony Group LLC grew its holdings in Ameren by 3.7% during the 1st quarter. Colony Group LLC now owns 3,405 shares of the utilities provider’s stock worth $294,000 after acquiring an additional 120 shares in the last quarter. Kestra Advisory Services LLC grew its holdings in Ameren by 1.9% during the 2nd quarter. Kestra Advisory Services LLC now owns 6,943 shares of the utilities provider’s stock worth $567,000 after acquiring an additional 128 shares in the last quarter. Savant Capital LLC grew its holdings in Ameren by 2.2% during the 2nd quarter. Savant Capital LLC now owns 6,079 shares of the utilities provider’s stock worth $496,000 after acquiring an additional 131 shares in the last quarter. Captrust Financial Advisors grew its holdings in Ameren by 0.7% during the 2nd quarter. Captrust Financial Advisors now owns 18,055 shares of the utilities provider’s stock worth $1,475,000 after acquiring an additional 131 shares in the last quarter. Finally, Advisors Asset Management Inc. grew its holdings in Ameren by 2.3% during the 1st quarter. Advisors Asset Management Inc. now owns 5,928 shares of the utilities provider’s stock worth $512,000 after acquiring an additional 133 shares in the last quarter. 77.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. StockNews.com upgraded shares of Ameren from a “sell” rating to a “hold” rating in a report on Sunday, January 28th. Evercore ISI cut shares of Ameren from an “outperform” rating to an “in-line” rating in a report on Friday, December 15th. KeyCorp cut shares of Ameren from an “overweight” rating to a “sector weight” rating in a report on Friday, December 15th. Morgan Stanley upped their target price on shares of Ameren from $80.00 to $82.00 and gave the company an “equal weight” rating in a report on Tuesday, November 21st. Finally, Barclays increased their price target on shares of Ameren from $71.00 to $72.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 17th. Eight research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $82.33.

View Our Latest Stock Analysis on AEE

Insider Buying and Selling

In related news, Director Rafael Flores sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $77.65, for a total value of $116,475.00. Following the transaction, the director now owns 13,007 shares in the company, valued at $1,009,993.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, CFO Michael L. Moehn sold 3,244 shares of Ameren stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $77.28, for a total transaction of $250,696.32. Following the sale, the chief financial officer now owns 198,937 shares in the company, valued at $15,373,851.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Rafael Flores sold 1,500 shares of Ameren stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $77.65, for a total transaction of $116,475.00. Following the sale, the director now owns 13,007 shares in the company, valued at approximately $1,009,993.55. The disclosure for this sale can be found here. Corporate insiders own 0.42% of the company’s stock.

Ameren Price Performance

AEE opened at $68.70 on Monday. The company’s 50 day simple moving average is $72.39 and its 200 day simple moving average is $76.29. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.33 and a current ratio of 0.52. Ameren Co. has a 1 year low of $67.32 and a 1 year high of $91.18. The stock has a market capitalization of $18.06 billion, a PE ratio of 15.61, a P/E/G ratio of 2.54 and a beta of 0.43.

Ameren Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Wednesday, March 13th will be given a $0.67 dividend. This is a boost from Ameren’s previous quarterly dividend of $0.63. This represents a $2.68 annualized dividend and a dividend yield of 3.90%. Ameren’s dividend payout ratio (DPR) is currently 57.27%.

Ameren Profile

(Free Report)

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 and transmission businesses.

Further Reading

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Institutional Ownership by Quarter for Ameren (NYSE:AEE)

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