Vise Technologies Inc. Purchases 5,251 Shares of Ameren Corporation $AEE

Vise Technologies Inc. bought a new position in shares of Ameren Corporation (NYSE:AEE) during the 3rd quarter, HoldingsChannel reports. The institutional investor bought 5,251 shares of the utilities provider’s stock, valued at approximately $522,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Amundi boosted its position in Ameren by 106.0% in the 1st quarter. Amundi now owns 919,349 shares of the utilities provider’s stock valued at $101,055,000 after buying an additional 473,048 shares during the period. Focus Partners Advisor Solutions LLC purchased a new position in shares of Ameren in the 2nd quarter valued at about $1,637,000. Nykredit A S purchased a new stake in shares of Ameren during the second quarter worth approximately $3,982,000. Capital Analysts LLC purchased a new position in Ameren in the second quarter worth approximately $2,232,000. Finally, Bank of Nova Scotia purchased a new stake in shares of Ameren in the 2nd quarter valued at approximately $3,288,000. 79.09% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Bank of America decreased their price objective on shares of Ameren from $113.00 to $107.00 and set a “neutral” rating for the company in a research report on Wednesday, October 21st. JPMorgan Chase & Co. dropped their price target on shares of Ameren from $133.00 to $126.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 13th. Barclays dropped their target price on shares of Ameren from $117.00 to $109.00 and set an “equal weight” rating on the stock in a research report on Monday, October 19th. Truist Financial decreased their price objective on shares of Ameren from $120.00 to $116.00 and set a “buy” rating for the company in a research note on Wednesday, October 14th. Finally, Scotiabank initiated coverage on Ameren in a research report on Tuesday, September 29th. They set a “sector perform” rating and a $104.00 price target on the stock. Thirteen equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $117.95.

Ameren Stock Performance

Shares of AEE opened at $113.25 on Thursday. The stock has a market capitalization of $31.36 billion, a P/E ratio of 19.69, a P/E/G ratio of 3.32 and a beta of 0.42. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.54 and a current ratio of 0.74. Ameren Corporation has a 1 year low of $96.57 and a 1 year high of $118.32. The company’s fifty day moving average is $105.35 and its two-hundred day moving average is $108.67.

Ameren (NYSE:AEE) last released its earnings results on Thursday, November 5th. The utilities provider reported $2.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.29 by $0.13. The company had revenue of $2.88 billion for the quarter, compared to analysts’ expectations of $2.82 billion. Ameren had a return on equity of 11.27% and a net margin of 17.90%. The firm’s quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.17 EPS. On average, sell-side analysts predict that Ameren Corporation will post 5.41 earnings per share for the current year.

Ameren Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Tuesday, December 8th will be paid a dividend of $0.75 per share. The ex-dividend date of this dividend is Tuesday, December 8th. This represents a $3.00 annualized dividend and a dividend yield of 2.6%. Ameren’s payout ratio is 52.17%.

Insider Buying and Selling

In related news, Director Rafael Flores sold 248 shares of Ameren stock in a transaction on Friday, September 11th. The stock was sold at an average price of $105.53, for a total transaction of $26,171.44. Following the completion of the transaction, the director directly owned 13,888 shares of the company’s stock, valued at approximately $1,465,600.64. The trade was a 1.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Theresa Shaw sold 325 shares of the stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $108.93, for a total transaction of $35,402.25. Following the completion of the sale, the senior vice president directly owned 32,340 shares in the company, valued at approximately $3,522,796.20. The trade was a 0.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 7,073 shares of company stock worth $781,254 in the last quarter. Company insiders own 0.29% of the company’s stock.

Ameren Company Profile

Ameren Corporation is a regulated utility holding company headquartered in St. Louis, Missouri. Through its subsidiaries, it provides electric and natural gas service to customers across Missouri and Illinois. Ameren Missouri generates, transmits and distributes electricity and delivers natural gas in parts of Missouri. Ameren Illinois operates electric transmission and distribution systems and provides natural gas delivery service in parts of Illinois. The company also develops and operates electric transmission infrastructure.