Silver Oak Securities Incorporated bought a new stake in Ameren Corporation (NYSE:AEE - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 3,031 shares of the utilities provider's stock, valued at approximately $302,000.
Other hedge funds also recently bought and sold shares of the company. Checchi Capital Advisers LLC acquired a new stake in shares of Ameren during the 1st quarter worth approximately $221,000. Principal Financial Group Inc. increased its stake in Ameren by 0.3% during the first quarter. Principal Financial Group Inc. now owns 329,385 shares of the utilities provider's stock worth $33,070,000 after acquiring an additional 935 shares during the last quarter. MBM Wealth Consultants LLC increased its stake in Ameren by 9.9% during the first quarter. MBM Wealth Consultants LLC now owns 4,666 shares of the utilities provider's stock worth $468,000 after acquiring an additional 422 shares during the last quarter. Oregon Public Employees Retirement Fund increased its stake in Ameren by 1.4% during the first quarter. Oregon Public Employees Retirement Fund now owns 23,207 shares of the utilities provider's stock worth $2,330,000 after acquiring an additional 310 shares during the last quarter. Finally, Teacher Retirement System of Texas increased its stake in Ameren by 1,462.8% during the first quarter. Teacher Retirement System of Texas now owns 39,022 shares of the utilities provider's stock worth $3,918,000 after acquiring an additional 36,525 shares during the last quarter. Institutional investors and hedge funds own 79.09% of the company's stock.
Ameren Stock Down 1.7%
Shares of AEE stock traded down $1.66 during trading hours on Tuesday, reaching $94.27. 167,761 shares of the stock were exchanged, compared to its average volume of 1,765,198. The business's fifty day moving average is $96.46 and its two-hundred day moving average is $96.19. The company has a debt-to-equity ratio of 1.49, a current ratio of 0.86 and a quick ratio of 0.62. Ameren Corporation has a 12-month low of $70.27 and a 12-month high of $104.10. The firm has a market capitalization of $25.48 billion, a P/E ratio of 20.94, a P/E/G ratio of 2.80 and a beta of 0.48.
Ameren (NYSE:AEE - Get Free Report) last posted 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 firm had revenue of $2.10 billion for the quarter, compared to analyst estimates of $1.92 billion. During the same quarter last year, the firm earned $0.98 EPS. The company's revenue was up 15.5% on a year-over-year basis. As a group, research analysts expect that Ameren Corporation will post 4.93 EPS for the current fiscal year.
Ameren Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Tuesday, June 10th were issued a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date of this dividend was Tuesday, June 10th. Ameren's dividend payout ratio (DPR) is 62.97%.
Analysts Set New Price Targets
A number of brokerages recently issued reports on AEE. BMO Capital Markets raised their price objective on Ameren from $106.00 to $108.00 and gave the stock an "outperform" rating in a research report on Monday, May 5th. The Goldman Sachs Group upgraded shares of Ameren from a "sell" rating to a "neutral" rating and lifted their price target for the company from $91.00 to $100.00 in a research report on Wednesday, June 25th. Wells Fargo & Company lifted their price target on shares of Ameren from $108.00 to $112.00 and gave the company an "overweight" rating in a research report on Wednesday, May 14th. UBS Group reiterated a "buy" rating and issued a $114.00 target price (up previously from $113.00) on shares of Ameren in a report on Monday, June 2nd. Finally, Guggenheim reiterated a "neutral" rating on shares of Ameren in a report on Tuesday, April 22nd. Five analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $101.64.
Read Our Latest Analysis on AEE
Ameren Company 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.
Recommended Stories

Before you consider Ameren, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ameren wasn't on the list.
While Ameren currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.