Concurrent Investment Advisors LLC Invests $1.33 Million in Ameren Corporation $AEE

Concurrent Investment Advisors LLC acquired a new position in Ameren Corporation (NYSE:AEE - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 13,284 shares of the utilities provider's stock, valued at approximately $1,327,000.

Several other large investors also recently made changes to their positions in the business. State Street Corp increased its position in shares of Ameren by 2.4% in the third quarter. State Street Corp now owns 14,045,845 shares of the utilities provider's stock worth $1,466,105,000 after acquiring an additional 328,401 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of Ameren by 1.0% in the third quarter. Ameriprise Financial Inc. now owns 6,283,529 shares of the utilities provider's stock worth $655,892,000 after acquiring an additional 60,519 shares in the last quarter. Invesco Ltd. increased its position in shares of Ameren by 1.0% in the third quarter. Invesco Ltd. now owns 5,140,239 shares of the utilities provider's stock worth $536,538,000 after acquiring an additional 49,282 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Ameren by 68.6% in the third quarter. JPMorgan Chase & Co. now owns 4,080,775 shares of the utilities provider's stock worth $425,951,000 after acquiring an additional 1,661,019 shares in the last quarter. Finally, Alliancebernstein L.P. increased its position in shares of Ameren by 3.6% in the third quarter. Alliancebernstein L.P. now owns 3,378,053 shares of the utilities provider's stock worth $352,601,000 after acquiring an additional 116,819 shares in the last quarter. Institutional investors and hedge funds own 79.09% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Weiss Ratings lowered shares of Ameren from a "buy (b)" rating to a "buy (b-)" rating in a research report on Friday, April 24th. BTIG Research started coverage on shares of Ameren in a research report on Thursday, April 9th. They issued a "buy" rating and a $131.00 price objective for the company. JPMorgan Chase & Co. boosted their target price on shares of Ameren from $108.00 to $111.00 and gave the stock a "neutral" rating in a research report on Thursday, January 15th. BMO Capital Markets boosted their target price on shares of Ameren from $112.00 to $120.00 and gave the stock an "outperform" rating in a research report on Friday, February 13th. Finally, Royal Bank Of Canada reissued a "sector perform" rating and set a $116.00 target price on shares of Ameren in a research report on Friday, January 23rd. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Ameren presently has an average rating of "Moderate Buy" and a consensus price target of $117.31.

Ameren Stock Performance

Ameren stock opened at $113.73 on Friday. Ameren Corporation has a 12-month low of $93.27 and a 12-month high of $115.53. The company has a market capitalization of $31.46 billion, a price-to-earnings ratio of 21.26, a price-to-earnings-growth ratio of 2.26 and a beta of 0.52. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.66 and a quick ratio of 0.46. The firm's fifty day moving average price is $111.07 and its 200 day moving average price is $105.80.

Ameren (NYSE:AEE - Get Free Report) last released its quarterly earnings results on Wednesday, February 11th. The utilities provider reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.01. Ameren had a net margin of 16.55% and a return on equity of 10.69%. The firm had revenue of $1.78 billion for the quarter, compared to the consensus estimate of $1.69 billion. During the same quarter in the previous year, the firm posted $0.77 EPS. The firm's quarterly revenue was down 8.2% on a year-over-year basis. On average, research analysts forecast that Ameren Corporation will post 5.32 EPS for the current fiscal year.

Ameren Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 10th were paid a dividend of $0.75 per share. This is a positive change from Ameren's previous quarterly dividend of $0.71. The ex-dividend date of this dividend was Tuesday, March 10th. This represents a $3.00 annualized dividend and a yield of 2.6%. Ameren's payout ratio is presently 56.07%.

Insider Transactions at Ameren

In related news, insider Michael L. Moehn sold 6,500 shares of Ameren stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $103.60, for a total transaction of $673,400.00. Following the sale, the insider owned 193,076 shares of the company's stock, valued at $20,002,673.60. The trade was a 3.26% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.29% of the stock is owned by company insiders.

About Ameren

Ameren Corporation NYSE: AEE is an integrated energy company headquartered in St. Louis, Missouri, that provides electric and natural gas delivery and related services in portions of Missouri and Illinois. The company operates regulated utility businesses that serve a broad mix of residential, commercial and industrial customers, and it participates in wholesale energy markets and transmission operations that support reliable service across its service territories.

Ameren's core activities include generation, transmission and distribution of electricity, distribution of natural gas, and the provision of customer energy solutions such as demand-side management and energy efficiency programs.

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