Golden State Wealth Management LLC Buys New Position in Ameren Co. (NYSE:AEE)

Golden State Wealth Management LLC purchased a new position in Ameren Co. (NYSE:AEE) during the 4th quarter, HoldingsChannel reports. The firm purchased 929 shares of the utilities provider’s stock, valued at approximately $83,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of AEE. Jamison Private Wealth Management Inc. acquired a new position in shares of Ameren in the 3rd quarter worth approximately $44,000. ST Germain D J Co. Inc. grew its position in Ameren by 134.5% in the fourth quarter. ST Germain D J Co. Inc. now owns 544 shares of the utilities provider’s stock worth $48,000 after buying an additional 312 shares during the last quarter. Mather Group LLC. increased its holdings in shares of Ameren by 86.2% in the fourth quarter. Mather Group LLC. now owns 540 shares of the utilities provider’s stock valued at $48,000 after buying an additional 250 shares in the last quarter. Cedar Mountain Advisors LLC acquired a new stake in shares of Ameren during the 3rd quarter valued at $49,000. Finally, Brooklyn Investment Group bought a new stake in shares of Ameren during the 3rd quarter worth $56,000. 79.09% of the stock is owned by institutional investors and hedge funds.

Ameren Stock Up 0.4 %

AEE stock opened at $97.09 on Monday. The company has a 50 day moving average of $91.48 and a two-hundred day moving average of $87.76. The company has a quick ratio of 0.41, a current ratio of 0.63 and a debt-to-equity ratio of 1.37. Ameren Co. has a 12-month low of $67.03 and a 12-month high of $97.37. The company has a market cap of $25.92 billion, a price-to-earnings ratio of 22.84, a PEG ratio of 2.98 and a beta of 0.49.

Ameren Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Tuesday, March 11th will be given a dividend of $0.71 per share. This is a boost from Ameren’s previous quarterly dividend of $0.67. This represents a $2.84 dividend on an annualized basis and a yield of 2.93%. Ameren’s dividend payout ratio (DPR) is presently 63.06%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on AEE. Barclays lowered Ameren from an “overweight” rating to an “equal weight” rating and boosted their target price for the stock from $88.00 to $95.00 in a research report on Monday, January 27th. Evercore ISI upgraded Ameren from an “in-line” rating to an “outperform” rating and boosted their price objective for the stock from $89.00 to $104.00 in a report on Tuesday, January 21st. Morgan Stanley raised their target price on shares of Ameren from $86.00 to $94.00 and gave the stock an “equal weight” rating in a report on Friday, December 13th. Finally, BMO Capital Markets upped their price target on shares of Ameren from $93.00 to $98.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $92.00.

Insider Buying and Selling at Ameren

In other news, CFO Michael L. Moehn sold 6,500 shares of Ameren stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $92.15, for a total transaction of $598,975.00. Following the completion of the sale, the chief financial officer now directly owns 205,171 shares in the company, valued at $18,906,507.65. The trade was a 3.07 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.42% of the company’s stock.

Ameren Company Profile

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.