L.M. Kohn & Company Grows Stock Position in Ameren Corporation $AEE

L.M. Kohn & Company increased its holdings in Ameren Corporation (NYSE:AEE) by 6.2% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,007 shares of the utilities provider’s stock after buying an additional 176 shares during the period. L.M. Kohn & Company’s holdings in Ameren were worth $289,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of Ameren in the 1st quarter worth about $25,000. Fortitude Family Office LLC boosted its position in shares of Ameren by 600.0% in the 2nd quarter. Fortitude Family Office LLC now owns 343 shares of the utilities provider’s stock worth $33,000 after buying an additional 294 shares in the last quarter. SouthState Corp purchased a new stake in shares of Ameren in the 1st quarter worth about $34,000. Ameritas Advisory Services LLC purchased a new stake in shares of Ameren in the 2nd quarter worth about $34,000. Finally, Cornerstone Planning Group LLC lifted its holdings in Ameren by 586.9% in the 1st quarter. Cornerstone Planning Group LLC now owns 419 shares of the utilities provider’s stock valued at $41,000 after purchasing an additional 358 shares in the last quarter. 79.09% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Ameren

In other news, SVP Gwendolyn G. Mizell sold 1,000 shares of the company’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $101.79, for a total transaction of $101,790.00. Following the completion of the transaction, the senior vice president owned 9,129 shares of the company’s stock, valued at $929,240.91. This represents a 9.87% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.42% of the stock is currently owned by corporate insiders.

Ameren Trading Down 1.0%

NYSE AEE opened at $102.27 on Thursday. Ameren Corporation has a 12 month low of $85.27 and a 12 month high of $106.73. The company has a 50-day moving average of $102.03 and a 200-day moving average of $99.29. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.80 and a quick ratio of 0.56. The company has a market cap of $27.66 billion, a P/E ratio of 22.48, a P/E/G ratio of 2.59 and a beta of 0.49.

Ameren (NYSE:AEE) last posted its quarterly earnings data on Thursday, July 31st. The utilities provider reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $0.01. Ameren had a net margin of 14.55% and a return on equity of 10.38%. The company had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $1.82 billion. During the same quarter in the prior year, the company posted $0.97 EPS. The company’s quarterly revenue was up 31.2% compared to the same quarter last year. As a group, equities analysts predict that Ameren Corporation will post 4.93 earnings per share for the current year.

Ameren Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 9th will be paid a dividend of $0.71 per share. The ex-dividend date of this dividend is Tuesday, December 9th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.8%. Ameren’s dividend payout ratio is currently 62.42%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Royal Bank Of Canada upgraded shares of Ameren to a “hold” rating in a report on Tuesday. Wells Fargo & Company assumed coverage on shares of Ameren in a report on Monday. They issued an “overweight” rating and a $112.00 target price on the stock. KeyCorp upped their target price on shares of Ameren from $104.00 to $109.00 and gave the company an “overweight” rating in a report on Wednesday, October 15th. Weiss Ratings restated a “buy (b-)” rating on shares of Ameren in a report on Wednesday, October 8th. Finally, Mizuho upped their target price on shares of Ameren from $108.00 to $114.00 and gave the company an “outperform” rating in a report on Monday. Eight research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $109.50.

Ameren 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.