Schrum Private Wealth Management LLC Purchases 5,451 Shares of Ameren Co. (NYSE:AEE)

Schrum Private Wealth Management LLC boosted its holdings in Ameren Co. (NYSE:AEE) by 89.3% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 11,558 shares of the utilities provider’s stock after buying an additional 5,451 shares during the period. Schrum Private Wealth Management LLC’s holdings in Ameren were worth $1,011,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Versant Capital Management Inc grew its position in shares of Ameren by 115.3% during the second quarter. Versant Capital Management Inc now owns 366 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 196 shares in the last quarter. First Command Advisory Services Inc. bought a new position in Ameren in the 2nd quarter worth approximately $26,000. Pathway Financial Advisers LLC purchased a new stake in Ameren during the 1st quarter valued at approximately $31,000. EntryPoint Capital LLC raised its position in shares of Ameren by 108.1% during the first quarter. EntryPoint Capital LLC now owns 435 shares of the utilities provider’s stock valued at $32,000 after buying an additional 226 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings 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.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. UBS Group assumed coverage on shares of Ameren in a report on Friday, July 19th. They issued a “buy” rating and a $87.00 price target on the stock. Wells Fargo & Company lifted their target price on Ameren from $91.00 to $96.00 and gave the stock an “overweight” rating in a report on Friday, September 20th. Argus raised Ameren to a “strong-buy” rating in a research note on Thursday, September 19th. Jefferies Financial Group assumed coverage on Ameren in a report on Thursday, September 19th. They set a “buy” rating and a $97.00 price target for the company. Finally, Morgan Stanley upped their price objective on Ameren from $81.00 to $85.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 25th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $87.80.

Ameren Trading Down 0.4 %

NYSE:AEE traded down $0.36 during midday trading on Wednesday, hitting $91.67. 425,152 shares of the company traded hands, compared to its average volume of 1,588,559. The firm has a market capitalization of $24.47 billion, a P/E ratio of 21.70, a P/E/G ratio of 3.03 and a beta of 0.45. The firm’s fifty day moving average is $86.72 and its 200-day moving average is $79.34. Ameren Co. has a 12-month low of $67.03 and a 12-month high of $92.77. 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 Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Wednesday, December 11th will be paid a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 2.92%. The ex-dividend date is Wednesday, December 11th. Ameren’s dividend payout ratio is currently 63.06%.

Insider Transactions at Ameren

In related news, EVP Chonda J. Nwamu sold 1,610 shares of the company’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $81.94, for a total transaction of $131,923.40. Following the transaction, the executive vice president now directly owns 44,432 shares in the company, valued at approximately $3,640,758.08. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.42% of the company’s stock.

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.