IAG Wealth Partners LLC Has $102,000 Stock Holdings in Ameren Co. (NYSE:AEE)

IAG Wealth Partners LLC raised its holdings in Ameren Co. (NYSE:AEE) by 87.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,019 shares of the utilities provider’s stock after purchasing an additional 476 shares during the quarter. IAG Wealth Partners LLC’s holdings in Ameren were worth $102,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Kingsview Wealth Management LLC boosted its holdings in shares of Ameren by 40.1% during the 4th quarter. Kingsview Wealth Management LLC now owns 3,980 shares of the utilities provider’s stock valued at $355,000 after acquiring an additional 1,139 shares in the last quarter. Wilmington Savings Fund Society FSB boosted its holdings in shares of Ameren by 16.3% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 980 shares of the utilities provider’s stock valued at $87,000 after acquiring an additional 137 shares in the last quarter. Empowered Funds LLC boosted its holdings in shares of Ameren by 20.9% during the 4th quarter. Empowered Funds LLC now owns 5,221 shares of the utilities provider’s stock valued at $465,000 after acquiring an additional 903 shares in the last quarter. Savant Capital LLC boosted its holdings in shares of Ameren by 5.6% during the 4th quarter. Savant Capital LLC now owns 10,625 shares of the utilities provider’s stock valued at $947,000 after acquiring an additional 568 shares in the last quarter. Finally, Van ECK Associates Corp boosted its holdings in shares of Ameren by 7.6% during the 4th quarter. Van ECK Associates Corp now owns 82,061 shares of the utilities provider’s stock valued at $7,315,000 after acquiring an additional 5,808 shares in the last quarter. Institutional investors and hedge funds own 79.09% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Guggenheim reissued a “neutral” rating on shares of Ameren in a report on Tuesday, April 22nd. UBS Group reissued a “buy” rating and set a $114.00 price objective (up previously from $113.00) on shares of Ameren in a report on Monday, June 2nd. Wells Fargo & Company raised their price objective on Ameren from $108.00 to $112.00 and gave the company an “overweight” rating in a report on Wednesday, May 14th. BMO Capital Markets lifted their target price on Ameren from $106.00 to $108.00 and gave the stock an “outperform” rating in a report on Monday, May 5th. Finally, Morgan Stanley set a $102.00 target price on Ameren and gave the stock an “equal weight” rating in a report on Thursday, May 22nd. Four investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Ameren presently has a consensus rating of “Moderate Buy” and an average price target of $102.00.

Ameren Stock Down 1.7%

Shares of NYSE:AEE opened at $95.52 on Friday. The company has a market capitalization of $25.82 billion, a price-to-earnings ratio of 21.61, a P/E/G ratio of 2.97 and a beta of 0.49. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.66 and a quick ratio of 0.44. The business’s 50-day moving average is $97.26 and its 200-day moving average is $95.66. Ameren Co. has a 1 year low of $69.39 and a 1 year high of $104.10.

Ameren (NYSE:AEE) last announced its quarterly earnings data on Thursday, May 1st. The utilities provider reported $1.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.01). The business had revenue of $2.10 billion during the quarter, compared to analyst estimates of $1.92 billion. Ameren had a net margin of 15.51% and a return on equity of 10.34%. The firm’s revenue for the quarter was up 15.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.98 earnings per share. Equities research analysts predict that Ameren Co. will post 4.93 earnings per share for the current year.

Ameren Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th will be paid a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.97%. The ex-dividend date of this dividend is Tuesday, June 10th. Ameren’s dividend payout ratio is 62.97%.

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.