Pathstone Family Office LLC Raises Stock Holdings in Ameren Co. (NYSE:AEE)

Pathstone Family Office LLC lifted its stake in shares of Ameren Co. (NYSE:AEEFree Report) by 150.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 18,707 shares of the utilities provider’s stock after acquiring an additional 11,237 shares during the quarter. Pathstone Family Office LLC’s holdings in Ameren were worth $1,400,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in AEE. Colony Group LLC boosted its stake in Ameren by 3.7% in the 1st quarter. Colony Group LLC now owns 3,405 shares of the utilities provider’s stock worth $294,000 after purchasing an additional 120 shares during the period. Kestra Advisory Services LLC boosted its stake in Ameren by 1.9% in the 2nd quarter. Kestra Advisory Services LLC now owns 6,943 shares of the utilities provider’s stock worth $567,000 after purchasing an additional 128 shares during the period. Savant Capital LLC boosted its stake in Ameren by 2.2% in the 2nd quarter. Savant Capital LLC now owns 6,079 shares of the utilities provider’s stock worth $496,000 after purchasing an additional 131 shares during the period. Captrust Financial Advisors boosted its stake in Ameren by 0.7% in the 2nd quarter. Captrust Financial Advisors now owns 18,055 shares of the utilities provider’s stock worth $1,475,000 after purchasing an additional 131 shares during the period. Finally, Advisors Asset Management Inc. boosted its stake in Ameren by 2.3% in the 1st quarter. Advisors Asset Management Inc. now owns 5,928 shares of the utilities provider’s stock worth $512,000 after purchasing an additional 133 shares during the period. 77.77% of the stock is currently owned by institutional investors.

Insider Activity at Ameren

In other Ameren news, Director Rafael Flores sold 1,500 shares of the company’s stock in a transaction on Wednesday, November 29th. The stock was 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 of the company’s stock, valued at approximately $1,009,993.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Ameren news, Director Rafael Flores sold 1,500 shares of the company’s stock in a transaction on Wednesday, November 29th. The stock was 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 of the company’s stock, valued at approximately $1,009,993.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Michael L. Moehn sold 3,244 shares of the company’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $77.28, for a total value of $250,696.32. Following the completion of the transaction, the chief financial officer now directly owns 198,937 shares in the company, valued at approximately $15,373,851.36. The disclosure for this sale can be found here. 0.42% of the stock is currently owned by insiders.

Ameren Stock Performance

NYSE:AEE opened at $69.18 on Tuesday. The stock’s fifty day moving average is $72.20 and its 200 day moving average is $76.17. Ameren Co. has a fifty-two week low of $67.32 and a fifty-two week high of $91.18. The firm has a market capitalization of $18.19 billion, a PE ratio of 15.72, a PEG ratio of 2.54 and a beta of 0.43. 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 Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Wednesday, March 13th will be issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 3.87%. The ex-dividend date of this dividend is Tuesday, March 12th. This is a positive change from Ameren’s previous quarterly dividend of $0.63. Ameren’s dividend payout ratio is presently 57.27%.

Analysts Set New Price Targets

Several research analysts have weighed in on AEE shares. StockNews.com upgraded Ameren from a “sell” rating to a “hold” rating in a research note on Sunday, January 28th. Mizuho decreased their price objective on Ameren from $77.00 to $72.00 and set a “neutral” rating on the stock in a report on Monday, December 18th. Barclays upped their price objective on Ameren from $71.00 to $72.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 17th. Evercore ISI cut Ameren from an “outperform” rating to an “in-line” rating in a report on Friday, December 15th. Finally, KeyCorp cut Ameren from an “overweight” rating to a “sector weight” rating in a report on Friday, December 15th. Eight analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Ameren currently has an average rating of “Hold” and a consensus target price of $82.33.

Read Our Latest Research Report on Ameren

Ameren Company 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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