Tyche Wealth Partners LLC Invests $232,000 in Ameren Corporation (NYSE:AEE)

Tyche Wealth Partners LLC acquired a new position in Ameren Corporation (NYSE:AEE) during the first quarter, HoldingsChannel.com reports. The institutional investor acquired 2,309 shares of the utilities provider’s stock, valued at approximately $232,000.

Several other hedge funds have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD grew its position in Ameren by 1.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 27,048,729 shares of the utilities provider’s stock worth $2,411,125,000 after purchasing an additional 392,170 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its holdings in Ameren by 16.7% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 17,038,754 shares of the utilities provider’s stock worth $1,518,835,000 after buying an additional 2,439,811 shares in the last quarter. Geode Capital Management LLC grew its holdings in Ameren by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 6,749,446 shares of the utilities provider’s stock worth $600,157,000 after buying an additional 77,282 shares in the last quarter. FMR LLC increased its position in Ameren by 96.5% in the 4th quarter. FMR LLC now owns 5,170,709 shares of the utilities provider’s stock valued at $460,917,000 after acquiring an additional 2,539,129 shares during the period. Finally, Janus Henderson Group PLC raised its stake in Ameren by 0.9% during the 4th quarter. Janus Henderson Group PLC now owns 4,601,449 shares of the utilities provider’s stock valued at $410,174,000 after acquiring an additional 39,455 shares in the last quarter. 79.09% of the stock is currently owned by institutional investors.

Ameren Price Performance

Shares of NYSE:AEE opened at $95.15 on Thursday. Ameren Corporation has a 12-month low of $69.39 and a 12-month high of $104.10. The company has a quick ratio of 0.62, a current ratio of 0.86 and a debt-to-equity ratio of 1.49. The company has a market cap of $25.72 billion, a P/E ratio of 21.10, a price-to-earnings-growth ratio of 2.81 and a beta of 0.49. The company’s fifty day moving average is $96.92 and its two-hundred day moving average is $95.76.

Ameren (NYSE:AEE) last announced its quarterly earnings data on Thursday, May 1st. The utilities provider reported $1.07 EPS for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.01). The business had revenue of $2.10 billion for the quarter, compared to analyst estimates of $1.92 billion. Ameren had a return on equity of 10.40% and a net margin of 15.31%. The company’s revenue was up 15.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.98 earnings per share. Equities analysts expect that Ameren Corporation will post 4.93 earnings per share for the current fiscal year.

Ameren Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 10th will be given a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a yield of 2.98%. The ex-dividend date of this dividend is Tuesday, June 10th. Ameren’s payout ratio is presently 62.97%.

Analyst Ratings Changes

Several research firms have recently issued reports on AEE. Wells Fargo & Company increased their price target on Ameren from $108.00 to $112.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 14th. Morgan Stanley reduced their price objective on shares of Ameren from $102.00 to $100.00 and set an “equal weight” rating for the company in a report on Wednesday, June 18th. Guggenheim reissued a “neutral” rating on shares of Ameren in a research note on Tuesday, April 22nd. Barclays upped their price target on shares of Ameren from $101.00 to $104.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 6th. Finally, UBS Group reiterated a “buy” rating and set a $114.00 price objective (up previously from $113.00) on shares of Ameren in a research note on Monday, June 2nd. Five equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $101.64.

About Ameren

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.