Saxony Capital Management LLC Makes New $419,000 Investment in Ameren Corporation $AEE

Saxony Capital Management LLC acquired a new position in shares of Ameren Corporation (NYSE:AEE) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 4,367 shares of the utilities provider’s stock, valued at approximately $419,000.

Several other institutional investors have also recently bought and sold shares of AEE. Nuveen LLC acquired a new position in Ameren during the first quarter worth $241,496,000. Price T Rowe Associates Inc. MD raised its holdings in Ameren by 5.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 28,404,577 shares of the utilities provider’s stock worth $2,851,821,000 after buying an additional 1,355,848 shares during the last quarter. Alliancebernstein L.P. raised its holdings in Ameren by 51.7% during the first quarter. Alliancebernstein L.P. now owns 3,576,385 shares of the utilities provider’s stock worth $359,069,000 after buying an additional 1,218,509 shares during the last quarter. Vanguard Group Inc. raised its holdings in Ameren by 2.9% during the first quarter. Vanguard Group Inc. now owns 34,314,121 shares of the utilities provider’s stock worth $3,445,138,000 after buying an additional 979,928 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in Ameren by 16.1% during the first quarter. Invesco Ltd. now owns 4,658,775 shares of the utilities provider’s stock worth $467,741,000 after buying an additional 646,000 shares during the last quarter. Institutional investors and hedge funds own 79.09% of the company’s stock.

Insider Transactions at Ameren

In related news, SVP Gwendolyn G. Mizell sold 1,000 shares of the firm’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $101.79, for a total transaction of $101,790.00. Following the completion of the sale, the senior vice president owned 9,129 shares in the company, valued at approximately $929,240.91. This trade represents a 9.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.42% of the company’s stock.

Ameren Stock Performance

NYSE AEE opened at $102.09 on Friday. Ameren Corporation has a 52-week low of $85.27 and a 52-week high of $106.73. The company has a 50-day simple moving average of $102.06 and a 200 day simple moving average of $99.34. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.56 and a current ratio of 0.80. The company has a market capitalization of $27.60 billion, a PE ratio of 22.44, a price-to-earnings-growth ratio of 2.57 and a beta of 0.49.

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

Ameren Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 9th will be issued a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Tuesday, December 9th. Ameren’s dividend payout ratio (DPR) is 62.42%.

Analyst Ratings Changes

AEE has been the topic of several research reports. Royal Bank Of Canada upgraded shares of Ameren to a “hold” rating in a report on Tuesday. UBS Group increased their target price on shares of Ameren from $111.00 to $114.00 and gave the company a “buy” rating in a report on Friday, July 11th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Ameren in a report on Wednesday, October 8th. KeyCorp increased their target price on shares of Ameren from $104.00 to $109.00 and gave the company an “overweight” rating in a report on Wednesday, October 15th. Finally, Wells Fargo & Company began coverage on shares of Ameren in a report on Monday. They issued an “overweight” rating and a $112.00 target price for the company. Eight research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Ameren currently has a consensus rating of “Moderate Buy” and an average target price of $109.50.

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.