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J.W. Cole Advisors Inc. Invests $897,000 in Ameren Corporation (NYSE:AEE)

Ameren logo with Utilities background

J.W. Cole Advisors Inc. acquired a new stake in Ameren Corporation (NYSE:AEE - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm acquired 8,932 shares of the utilities provider's stock, valued at approximately $897,000.

A number of other hedge funds have also recently bought and sold shares of AEE. Merit Financial Group LLC acquired a new stake in Ameren during the 1st quarter worth $204,000. Wealth Enhancement Advisory Services LLC grew its holdings in Ameren by 6.0% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 16,926 shares of the utilities provider's stock worth $1,699,000 after acquiring an additional 963 shares during the period. Wells Fargo & Company MN grew its holdings in Ameren by 1,732.4% during the 4th quarter. Wells Fargo & Company MN now owns 3,068,505 shares of the utilities provider's stock worth $273,527,000 after acquiring an additional 2,901,047 shares during the period. LPL Financial LLC grew its holdings in Ameren by 12.1% during the 4th quarter. LPL Financial LLC now owns 131,200 shares of the utilities provider's stock worth $11,695,000 after acquiring an additional 14,121 shares during the period. Finally, Park Avenue Securities LLC grew its holdings in Ameren by 35.0% during the 1st quarter. Park Avenue Securities LLC now owns 6,201 shares of the utilities provider's stock worth $623,000 after acquiring an additional 1,607 shares during the period. 79.09% of the stock is currently owned by institutional investors.

Ameren Stock Up 0.1%

AEE traded up $0.11 during trading on Friday, hitting $100.15. The company had a trading volume of 1,059,004 shares, compared to its average volume of 1,469,824. The company has a market capitalization of $27.07 billion, a PE ratio of 22.21, a PEG ratio of 2.58 and a beta of 0.48. Ameren Corporation has a one year low of $77.08 and a one year high of $104.10. The firm's 50-day moving average price is $96.43 and its 200 day moving average price is $96.90. The company has a quick ratio of 0.62, a current ratio of 0.86 and a debt-to-equity ratio of 1.49.

Ameren (NYSE:AEE - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The utilities provider reported $1.07 EPS for the quarter, missing the consensus estimate of $1.08 by ($0.01). Ameren had a return on equity of 10.40% and a net margin of 15.31%. The business had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $1.92 billion. During the same period last year, the firm earned $0.98 earnings per share. The company's quarterly revenue was up 15.5% compared to the same quarter last year. As a group, equities analysts expect that Ameren Corporation will post 4.93 earnings per share for the current year.

Ameren Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th were given a dividend of $0.71 per share. The ex-dividend date was Tuesday, June 10th. This represents a $2.84 annualized dividend and a yield of 2.84%. Ameren's dividend payout ratio (DPR) is presently 62.97%.

Analyst Ratings Changes

AEE has been the topic of a number of recent analyst reports. Morgan Stanley reduced their price target on shares of Ameren from $102.00 to $100.00 and set an "equal weight" rating on the stock in a research report on Wednesday, June 18th. Guggenheim reissued a "neutral" rating on shares of Ameren in a research report on Tuesday, April 22nd. 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 price target on shares of Ameren from $108.00 to $112.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 14th. Finally, UBS Group lifted their price target on shares of Ameren from $111.00 to $114.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. Five equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $101.36.

View Our Latest Stock Report on Ameren

Ameren 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 business.

Further Reading

Institutional Ownership by Quarter for Ameren (NYSE:AEE)

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