Pathstone Holdings LLC Increases Position in Ameren Co. (NYSE:AEE)

Pathstone Holdings LLC grew its holdings in shares of Ameren Co. (NYSE:AEE) by 7.3% in the 3rd quarter, Holdings Channel.com reports. The firm owned 31,943 shares of the utilities provider’s stock after acquiring an additional 2,182 shares during the period. Pathstone Holdings LLC’s holdings in Ameren were worth $2,794,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Versant Capital Management Inc boosted its holdings in Ameren by 115.3% in the second quarter. Versant Capital Management Inc now owns 366 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 196 shares in the last quarter. First Command Advisory Services Inc. purchased a new stake in Ameren during the 2nd quarter valued at about $26,000. Pathway Financial Advisers LLC bought a new stake in Ameren during the 1st quarter valued at about $31,000. EntryPoint Capital LLC raised its holdings in Ameren by 108.1% in the first quarter. EntryPoint Capital LLC now owns 435 shares of the utilities provider’s stock worth $32,000 after buying an additional 226 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake 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 worth $34,000 after buying an additional 316 shares in the last quarter. 79.09% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on AEE shares. BMO Capital Markets boosted their price objective on shares of Ameren from $84.00 to $87.00 and gave the stock an “outperform” rating in a report on Tuesday, August 6th. Bank of America boosted their price target on Ameren from $86.00 to $87.00 and gave the stock a “neutral” rating in a research note on Thursday, August 29th. Wells Fargo & Company increased their price objective on Ameren from $91.00 to $96.00 and gave the company an “overweight” rating in a research report on Friday, September 20th. Barclays lifted their price objective on Ameren from $77.00 to $88.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Finally, Argus upgraded shares of Ameren to a “strong-buy” rating in a research note on Thursday, September 19th. One analyst has rated the stock with a sell rating, six 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, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $87.90.

Insider Activity at Ameren

In other Ameren news, EVP Chonda J. Nwamu sold 1,610 shares of the firm’s stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $81.94, for a total transaction of $131,923.40. Following the sale, the executive vice president now owns 44,432 shares in the company, valued at approximately $3,640,758.08. This trade represents a 3.50 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Michael L. Moehn sold 6,500 shares of Ameren stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $92.15, for a total transaction of $598,975.00. Following the transaction, the chief financial officer now directly owns 205,171 shares in the company, valued at $18,906,507.65. This represents a 3.07 % decrease in their position. The disclosure for this sale can be found here. 0.36% of the stock is owned by company insiders.

Ameren Stock Down 0.3 %

Shares of AEE stock opened at $93.54 on Tuesday. The company has a current ratio of 0.63, a quick ratio of 0.41 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 $94.61. The stock has a market cap of $24.97 billion, a P/E ratio of 22.01, a P/E/G ratio of 3.09 and a beta of 0.45. The company has a 50 day simple moving average of $88.19 and a two-hundred day simple moving average of $80.47.

Ameren Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Wednesday, December 11th will be issued a $0.67 dividend. The ex-dividend date of this dividend is Wednesday, December 11th. This represents a $2.68 dividend on an annualized basis and a yield of 2.87%. Ameren’s dividend payout ratio is currently 63.06%.

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.