Private Advisor Group LLC Acquires New Holdings in Ameren Corp (NYSE:AEE)
Private Advisor Group LLC bought a new stake in Ameren Corp (NYSE:AEE) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 5,803 shares of the utilities provider’s stock, valued at approximately $355,000.
Several other hedge funds have also added to or reduced their stakes in the company. Adviser Investments LLC purchased a new stake in shares of Ameren during the first quarter worth $105,000. Dupont Capital Management Corp lifted its position in shares of Ameren by 216.8% during the first quarter. Dupont Capital Management Corp now owns 2,335 shares of the utilities provider’s stock worth $132,000 after acquiring an additional 1,598 shares in the last quarter. Signaturefd LLC purchased a new stake in shares of Ameren during the first quarter worth $133,000. Orrstown Financial Services Inc. purchased a new stake in shares of Ameren during the second quarter worth $152,000. Finally, Bronfman E.L. Rothschild L.P. lifted its position in shares of Ameren by 274.3% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 2,553 shares of the utilities provider’s stock worth $155,000 after acquiring an additional 1,871 shares in the last quarter. 70.48% of the stock is owned by institutional investors.
AEE traded down $0.30 during trading on Friday, reaching $65.41. The stock had a trading volume of 1,914,878 shares, compared to its average volume of 1,450,072. Ameren Corp has a one year low of $51.89 and a one year high of $66.11. The stock has a market cap of $15.95 billion, a PE ratio of 23.11, a P/E/G ratio of 3.04 and a beta of 0.21. The company has a quick ratio of 0.45, a current ratio of 0.62 and a debt-to-equity ratio of 1.01.
The firm also recently announced 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 is Tuesday, September 11th. This represents a $1.83 annualized dividend and a dividend yield of 2.80%. Ameren’s payout ratio is presently 64.66%.
AEE has been the topic of several recent research reports. Morgan Stanley upgraded Ameren from an “underweight” rating to an “equal weight” rating and set a $61.00 target price on the stock in a research report on Wednesday, June 6th. Goldman Sachs Group upgraded 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 downgraded Ameren from a “buy” rating to a “hold” rating in a research report on Friday, May 25th. Finally, Barclays began coverage on 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 and three have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $64.00.
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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