D.A. Davidson & CO. Invests $213,000 in Ameren Corp (AEE)
D.A. Davidson & CO. acquired a new stake in Ameren Corp (NYSE:AEE) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,495 shares of the utilities provider’s stock, valued at approximately $213,000.
Other institutional investors and hedge funds also recently modified their holdings of the company. Adviser Investments LLC bought a new position in shares of Ameren in the first quarter valued at about $105,000. Dupont Capital Management Corp raised its position in shares of Ameren by 216.8% in the first quarter. Dupont Capital Management Corp now owns 2,335 shares of the utilities provider’s stock valued at $132,000 after purchasing an additional 1,598 shares during the period. Signaturefd LLC bought a new position in shares of Ameren in the first quarter valued at about $133,000. Orrstown Financial Services Inc. bought a new position in shares of Ameren in the second quarter valued at about $152,000. Finally, Piedmont Investment Advisors LLC bought a new position in shares of Ameren in the second quarter valued at about $174,000. 70.86% of the stock is currently owned by institutional investors.
AEE stock opened at $64.76 on Friday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.45 and a current ratio of 0.62. Ameren Corp has a 52 week low of $51.89 and a 52 week high of $64.96. The stock has a market capitalization of $15.32 billion, a P/E ratio of 22.88, a price-to-earnings-growth ratio of 2.92 and a beta of 0.27.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Wednesday, September 12th will be paid a $0.4575 dividend. The ex-dividend date of this dividend is Tuesday, September 11th. This represents a $1.83 annualized dividend and a dividend yield of 2.83%. Ameren’s dividend payout ratio (DPR) is presently 64.66%.
In related news, SVP Mark C. Lindgren sold 5,500 shares of the company’s stock in a transaction dated Thursday, May 24th. The shares were sold at an average price of $58.68, for a total value of $322,740.00. Following the transaction, the senior vice president now directly owns 24,275 shares in the company, valued at $1,424,457. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Mark C. Birk sold 3,500 shares of the company’s stock in a transaction dated Thursday, June 14th. The shares were sold at an average price of $56.21, for a total transaction of $196,735.00. Following the completion of the transaction, the senior vice president now owns 51,250 shares in the company, valued at $2,880,762.50. The disclosure for this sale can be found here. Insiders sold 12,000 shares of company stock worth $689,455 over the last 90 days. 0.44% of the stock is currently owned by corporate insiders.
AEE has been the topic of several research analyst reports. Morgan Stanley raised shares of Ameren from an “underweight” rating to an “equal weight” rating and set a $61.00 price objective on the stock in a research report on Wednesday, June 6th. Goldman Sachs Group raised shares of Ameren from a “sell” rating to a “neutral” rating and set a $61.00 price objective on the stock in a research report on Tuesday, May 22nd. Zacks Investment Research lowered shares of Ameren from a “buy” rating to a “hold” rating in a research report on Friday, May 25th. Finally, Barclays assumed coverage on shares of Ameren in a research report on Tuesday, July 10th. They issued an “equal weight” rating and a $63.00 price objective on the stock. Six investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $63.29.
Ameren Company Profile
Ameren Corporation 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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