Integrated Wealth Concepts LLC Has $797,000 Stock Position in Ameren Co. (NYSE:AEE)

Integrated Wealth Concepts LLC boosted its stake in shares of Ameren Co. (NYSE:AEE) by 1.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 9,110 shares of the utilities provider’s stock after acquiring an additional 153 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in Ameren were worth $797,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AEE. Millennium Management LLC grew its stake in shares of Ameren by 106.1% during the second quarter. Millennium Management LLC now owns 2,498,158 shares of the utilities provider’s stock valued at $177,644,000 after purchasing an additional 1,286,162 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in Ameren by 8,645.7% during the 3rd quarter. International Assets Investment Management LLC now owns 1,160,998 shares of the utilities provider’s stock worth $1,015,410,000 after buying an additional 1,147,723 shares in the last quarter. FMR LLC boosted its position 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 buying an additional 984,879 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in shares of Ameren by 3,738.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 745,872 shares of the utilities provider’s stock valued at $65,234,000 after buying an additional 726,438 shares during the period. Finally, ANTIPODES PARTNERS Ltd raised its position in shares of Ameren by 192.6% during the second quarter. ANTIPODES PARTNERS Ltd now owns 1,103,565 shares of the utilities provider’s stock worth $78,475,000 after acquiring an additional 726,404 shares during the last quarter. Institutional investors and hedge funds own 79.09% of the company’s stock.

Insider Activity at Ameren

In related news, CFO Michael L. Moehn sold 6,500 shares of the business’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $92.15, for a total value of $598,975.00. Following the sale, the chief financial officer now directly owns 205,171 shares of the company’s stock, valued at approximately $18,906,507.65. The trade was a 3.07 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.42% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on AEE. Bank of America lifted their price objective on Ameren from $86.00 to $87.00 and gave the stock a “neutral” rating in a research report on Thursday, August 29th. Argus raised shares of Ameren to a “strong-buy” rating in a research note on Thursday, September 19th. Barclays boosted their price target on shares of Ameren from $77.00 to $88.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. Morgan Stanley reduced their price objective on shares of Ameren from $88.00 to $86.00 and set an “equal weight” rating on the stock in a research note on Friday, November 22nd. Finally, Jefferies Financial Group initiated coverage on shares of Ameren in a research report on Thursday, September 19th. They set a “buy” rating and a $97.00 target price for the company. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Ameren presently has a consensus rating of “Moderate Buy” and an average target price of $89.00.

Ameren Stock Performance

Shares of Ameren stock opened at $91.17 on Tuesday. Ameren Co. has a 12 month low of $67.03 and a 12 month high of $95.69. The company has a current ratio of 0.63, a quick ratio of 0.41 and a debt-to-equity ratio of 1.37. The company has a market capitalization of $24.34 billion, a PE ratio of 21.45, a PEG ratio of 3.02 and a beta of 0.48. The stock’s fifty day simple moving average is $89.68 and its 200 day simple moving average is $81.80.

Ameren Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Wednesday, December 11th will be issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 2.94%. The ex-dividend date is Wednesday, December 11th. Ameren’s dividend payout ratio (DPR) is presently 63.06%.

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.