CreativeOne Wealth LLC Invests $458,000 in Ameren Co. (NYSE:AEE)

CreativeOne Wealth LLC acquired a new stake in shares of Ameren Co. (NYSE:AEE) in the 3rd quarter, Holdings Channel.com reports. The fund acquired 5,232 shares of the utilities provider’s stock, valued at approximately $458,000.

Other institutional investors have also recently made changes to their positions in the company. Versant Capital Management Inc boosted its stake in Ameren by 115.3% during the second quarter. Versant Capital Management Inc now owns 366 shares of the utilities provider’s stock valued at $26,000 after buying an additional 196 shares during the last quarter. First Command Advisory Services Inc. bought a new position in shares of Ameren during the 2nd quarter valued at approximately $26,000. EverSource Wealth Advisors LLC grew its holdings in shares of Ameren by 227.3% in the first quarter. EverSource Wealth Advisors LLC now owns 455 shares of the utilities provider’s stock valued at $34,000 after purchasing an additional 316 shares in the last quarter. Jamison Private Wealth Management Inc. bought a new stake in Ameren in the third quarter worth $44,000. Finally, American National Bank purchased a new stake in Ameren during the second quarter valued at $37,000. Hedge funds and other institutional investors own 79.09% of the company’s stock.

Wall Street Analyst Weigh In

AEE has been the subject of several recent research reports. Wells Fargo & Company lifted their price target on Ameren from $91.00 to $96.00 and gave the stock an “overweight” rating in a research report on Friday, September 20th. Argus raised shares of Ameren to a “strong-buy” rating in a research note on Thursday, September 19th. Bank of America upped their target price on Ameren from $86.00 to $87.00 and gave the company a “neutral” rating in a research note on Thursday, August 29th. BMO Capital Markets raised their price target on Ameren from $84.00 to $87.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 6th. Finally, Morgan Stanley cut their price objective on Ameren from $88.00 to $86.00 and set an “equal weight” rating on the stock in a research report on Friday, November 22nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $87.78.

Ameren Price Performance

AEE opened at $94.39 on Monday. The company has a current ratio of 0.63, a quick ratio of 0.41 and a debt-to-equity ratio of 1.37. The business’s fifty day simple moving average is $88.98 and its 200-day simple moving average is $81.03. The company has a market capitalization of $25.20 billion, a price-to-earnings ratio of 22.21, a PEG ratio of 3.11 and a beta of 0.45. Ameren Co. has a 12-month low of $67.03 and a 12-month high of $95.69.

Ameren Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Wednesday, December 11th will be paid a dividend of $0.67 per share. The ex-dividend date is Wednesday, December 11th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.84%. Ameren’s dividend payout ratio is presently 63.06%.

Insider Activity at Ameren

In other Ameren news, CFO Michael L. Moehn sold 6,500 shares of the stock in a transaction dated Wednesday, November 20th. The shares were 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 of the company’s stock, valued at approximately $18,906,507.65. This represents a 3.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.42% of the stock is currently owned by corporate insiders.

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.