Lindenwold Advisors INC Buys Shares of 19,235 Ameren Co. (NYSE:AEE)

Lindenwold Advisors INC acquired a new position in shares of Ameren Co. (NYSE:AEE) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 19,235 shares of the utilities provider’s stock, valued at approximately $1,682,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Versant Capital Management Inc grew its stake in shares of Ameren by 115.3% during the 2nd 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. acquired a new position in shares of Ameren during the 2nd quarter worth approximately $26,000. Pathway Financial Advisers LLC bought a new position in Ameren during the 1st quarter worth $31,000. EntryPoint Capital LLC lifted its position in Ameren by 108.1% during the first quarter. EntryPoint Capital LLC now owns 435 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 226 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Ameren by 227.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 455 shares of the utilities provider’s stock worth $34,000 after acquiring an additional 316 shares during the period. 79.09% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on AEE shares. Jefferies Financial Group started coverage on shares of Ameren in a report on Thursday, September 19th. They set a “buy” rating and a $97.00 price target for the company. Wells Fargo & Company lifted their price objective on shares of Ameren from $91.00 to $96.00 and gave the company an “overweight” rating in a research note on Friday, September 20th. BMO Capital Markets raised their price objective on Ameren from $84.00 to $87.00 and gave the company an “outperform” rating in a research note on Tuesday, August 6th. Bank of America upped their target price on shares of Ameren from $86.00 to $87.00 and gave the stock a “neutral” rating in a report on Thursday, August 29th. Finally, Mizuho raised shares of Ameren from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $82.00 to $89.00 in a report on Monday, September 16th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Ameren currently has an average rating of “Moderate Buy” and a consensus target price of $87.80.

Insider Activity

In other news, EVP Chonda J. Nwamu sold 1,610 shares of the firm’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $81.94, for a total value of $131,923.40. Following the completion of the transaction, the executive vice president now directly owns 44,432 shares in the company, valued at $3,640,758.08. This trade represents a 3.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.36% of the company’s stock.

Ameren Price Performance

Shares of NYSE:AEE opened at $92.35 on Tuesday. The firm has a market cap of $24.65 billion, a price-to-earnings ratio of 21.73, a P/E/G ratio of 3.00 and a beta of 0.45. Ameren Co. has a fifty-two week low of $67.03 and a fifty-two week high of $92.77. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.41 and a current ratio of 0.63. The firm has a fifty day moving average price of $87.30 and a 200 day moving average price of $79.80.

Ameren Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Wednesday, December 11th will be paid a $0.67 dividend. The ex-dividend date is Wednesday, December 11th. This represents a $2.68 annualized dividend and a yield of 2.90%. Ameren’s dividend payout ratio (DPR) is currently 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.