DRW Securities LLC Acquires Shares of 97,627 Ameren Co. (NYSE:AEE)

DRW Securities LLC acquired a new stake in Ameren Co. (NYSE:AEE) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 97,627 shares of the utilities provider’s stock, valued at approximately $8,538,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Daiwa Securities Group Inc. boosted its position in shares of Ameren by 10.0% during the third quarter. Daiwa Securities Group Inc. now owns 39,487 shares of the utilities provider’s stock valued at $3,453,000 after buying an additional 3,584 shares during the last quarter. Kingsview Wealth Management LLC purchased a new position in shares of Ameren during the third quarter valued at approximately $248,000. Cerity Partners LLC boosted its position in shares of Ameren by 117.5% during the third quarter. Cerity Partners LLC now owns 21,848 shares of the utilities provider’s stock valued at $1,911,000 after buying an additional 11,802 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Ameren by 1.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,653,542 shares of the utilities provider’s stock valued at $144,619,000 after buying an additional 30,511 shares during the last quarter. Finally, Citizens Financial Group Inc. RI boosted its position in shares of Ameren by 27.3% during the third quarter. Citizens Financial Group Inc. RI now owns 9,756 shares of the utilities provider’s stock valued at $853,000 after buying an additional 2,095 shares during the last quarter. Institutional investors and hedge funds own 79.09% of the company’s stock.

Insider Buying and Selling

In related news, EVP Chonda J. Nwamu sold 1,610 shares of the stock in a transaction dated Wednesday, August 28th. The stock was 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 of the company’s stock, valued at approximately $3,640,758.08. This represents a 3.50 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Michael L. Moehn sold 6,500 shares of the stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $92.15, for a total value of $598,975.00. Following the sale, the chief financial officer now directly owns 205,171 shares in the company, valued at $18,906,507.65. This trade represents a 3.07 % decrease in their position. The disclosure for this sale can be found here. 0.36% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts recently issued reports on AEE shares. Argus raised Ameren to a “strong-buy” rating in a research report on Thursday, September 19th. Bank of America boosted their price objective on Ameren from $86.00 to $87.00 and gave the stock a “neutral” rating in a research report on Thursday, August 29th. Jefferies Financial Group began coverage on Ameren in a research report on Thursday, September 19th. They issued a “buy” rating and a $97.00 price objective on the stock. BMO Capital Markets boosted their price objective on Ameren from $84.00 to $87.00 and gave the stock an “outperform” rating in a research report 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. One analyst has rated the stock with a sell rating, six have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Ameren presently has an average rating of “Moderate Buy” and an average target price of $87.90.

Ameren Stock Down 0.2 %

Shares of NYSE AEE opened at $93.81 on Monday. The business’s fifty day moving average price is $88.03 and its 200-day moving average price is $80.34. The stock has a market capitalization of $25.04 billion, a PE ratio of 22.07, a P/E/G ratio of 3.09 and a beta of 0.45. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.63 and a quick ratio of 0.41. Ameren Co. has a one year low of $67.03 and a one year high of $94.46.

Ameren Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Wednesday, December 11th will be issued a dividend of $0.67 per share. 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 2.86%. Ameren’s dividend payout ratio (DPR) is 63.06%.

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.