IPG Investment Advisors LLC Invests $1.34 Million in Ameren Corporation (NYSE:AEE)

Key Points

• IPG Investment Advisors LLC acquired 13,378 shares of Ameren Corporation, valued at approximately $1,343,000, as part of their new stake in the company during the first quarter.
• Ameren Corporation reported $1.01 earnings per share for the last quarter, exceeding analysts' expectations and marking a 31.2% revenue increase year-over-year.
• The company has an annualized dividend of $2.84 per share, resulting in a dividend yield of 2.8% and a payout ratio of 62.97%.

IPG Investment Advisors LLC purchased a new position in Ameren Corporation (NYSE:AEE - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 13,378 shares of the utilities provider's stock, valued at approximately $1,343,000.

A number of other institutional investors have also recently modified their holdings of AEE. Blair William & Co. IL raised its position in shares of Ameren by 13.2% in the 1st quarter. Blair William & Co. IL now owns 3,863 shares of the utilities provider's stock worth $388,000 after acquiring an additional 450 shares in the last quarter. L & S Advisors Inc acquired a new stake in shares of Ameren in the first quarter valued at $2,707,000. R Squared Ltd acquired a new position in Ameren during the 1st quarter worth $239,000. PNC Financial Services Group Inc. lifted its holdings in shares of Ameren by 3.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 55,237 shares of the utilities provider's stock valued at $5,546,000 after purchasing an additional 1,977 shares during the last quarter. Finally, Endeavor Private Wealth Inc. raised its stake in Ameren by 423.7% during the 1st quarter. Endeavor Private Wealth Inc. now owns 4,959 shares of the utilities provider's stock valued at $498,000 after acquiring an additional 4,012 shares during the last quarter. 79.09% of the stock is owned by hedge funds and other institutional investors.

Ameren Stock Performance

Shares of NYSE AEE traded down $0.91 during trading hours on Friday, reaching $101.41. The stock had a trading volume of 1,003,386 shares, compared to its average volume of 1,734,948. The firm has a market cap of $27.42 billion, a price-to-earnings ratio of 22.29, a PEG ratio of 2.62 and a beta of 0.45. The company has a current ratio of 0.80, a quick ratio of 0.56 and a debt-to-equity ratio of 1.51. Ameren Corporation has a fifty-two week low of $78.91 and a fifty-two week high of $104.10. The firm has a 50-day moving average of $97.12 and a 200-day moving average of $97.48.

Ameren (NYSE:AEE - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The utilities provider reported $1.01 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.01. Ameren had a return on equity of 10.38% and a net margin of 14.55%. The firm had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $1.82 billion. During the same period last year, the business posted $0.97 EPS. Ameren's quarterly revenue was up 31.2% on a year-over-year basis. Equities research analysts predict that Ameren Corporation will post 4.93 earnings per share for the current year.

Wall Street Analysts Forecast Growth

AEE has been the topic of a number of recent analyst reports. The Goldman Sachs Group raised Ameren from a "sell" rating to a "neutral" rating and increased their price target for the stock from $91.00 to $100.00 in a research note on Wednesday, June 25th. BMO Capital Markets lifted their price target on shares of Ameren from $106.00 to $108.00 and gave the stock an "outperform" rating in a research report on Monday, May 5th. Wells Fargo & Company lifted their target price on shares of Ameren from $108.00 to $112.00 and gave the company an "overweight" rating in a research note on Wednesday, May 14th. Barclays cut their target price on shares of Ameren from $104.00 to $100.00 and set an "equal weight" rating for the company in a research report on Thursday, July 10th. Finally, KeyCorp set a $104.00 target price on shares of Ameren and gave the company an "overweight" rating in a research note on Wednesday, July 16th. Five investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Ameren presently has a consensus rating of "Moderate Buy" and an average target price of $101.36.

About Ameren

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 business.