Brooklyn Investment Group Invests $56,000 in Ameren Co. (NYSE:AEE)

Brooklyn Investment Group purchased a new position in shares of Ameren Co. (NYSE:AEE) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 646 shares of the utilities provider’s stock, valued at approximately $56,000.

Several other large investors also recently made changes to their positions in AEE. FMR LLC raised its holdings in Ameren by 59.8% in the 3rd quarter. FMR LLC now owns 2,631,580 shares of the utilities provider’s stock valued at $230,158,000 after acquiring an additional 984,879 shares in the last quarter. Millennium Management LLC raised its holdings in Ameren by 106.1% in the 2nd quarter. Millennium Management LLC now owns 2,498,158 shares of the utilities provider’s stock valued at $177,644,000 after acquiring an additional 1,286,162 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in Ameren by 6.7% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,954,962 shares of the utilities provider’s stock valued at $139,017,000 after acquiring an additional 123,427 shares in the last quarter. Maple Brown Abbott Ltd raised its holdings in Ameren by 2.3% in the 2nd quarter. Maple Brown Abbott Ltd now owns 1,753,270 shares of the utilities provider’s stock valued at $124,675,000 after acquiring an additional 38,750 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Ameren by 1.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,653,542 shares of the utilities provider’s stock valued at $144,619,000 after acquiring an additional 30,511 shares in the last quarter. Institutional investors own 79.09% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on AEE shares. Argus raised Ameren to a “strong-buy” rating in a report on Thursday, September 19th. Morgan Stanley lowered their price objective on Ameren from $88.00 to $86.00 and set an “equal weight” rating on the stock in a research note on Friday, November 22nd. Barclays upped their price objective on Ameren from $77.00 to $88.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. Wells Fargo & Company upped their price objective on Ameren from $91.00 to $96.00 and gave the company an “overweight” rating in a research note on Friday, September 20th. Finally, Jefferies Financial Group initiated coverage on Ameren in a research note on Thursday, September 19th. They issued a “buy” rating and a $97.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $87.90.

Ameren Stock Down 0.7 %

NYSE AEE opened at $94.36 on Friday. The firm has a market cap of $25.19 billion, a PE ratio of 22.20, a price-to-earnings-growth ratio of 3.13 and a beta of 0.45. Ameren Co. has a one year low of $67.03 and a one year high of $95.69. The stock’s 50 day simple moving average is $88.98 and its 200 day simple moving average is $80.95. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.63 and a quick ratio of 0.41.

Ameren Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Wednesday, December 11th will be given a dividend of $0.67 per share. The ex-dividend date of this dividend is Wednesday, December 11th. This represents a $2.68 dividend on an annualized basis and a yield of 2.84%. Ameren’s dividend payout ratio (DPR) is presently 63.06%.

Insider Buying and Selling

In other Ameren news, CFO Michael L. Moehn sold 6,500 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $92.15, for a total value of $598,975.00. Following the transaction, the chief financial officer now directly owns 205,171 shares in the company, valued at approximately $18,906,507.65. This trade represents a 3.07 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.42% of the stock is owned by corporate insiders.

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.