Syntegra Private Wealth Group LLC Has $1.24 Million Stock Position in Ameren Co. (NYSE:AEE)

Syntegra Private Wealth Group LLC reduced its stake in Ameren Co. (NYSE:AEE) by 1.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,225 shares of the utilities provider’s stock after selling 169 shares during the period. Syntegra Private Wealth Group LLC’s holdings in Ameren were worth $1,244,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of AEE. Versant Capital Management Inc boosted its stake in shares of Ameren by 115.3% in the 2nd quarter. Versant Capital Management Inc now owns 366 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 196 shares in the last quarter. First Command Advisory Services Inc. acquired a new stake in shares of Ameren in the 2nd quarter valued at $26,000. Farmers & Merchants Investments Inc. boosted its stake in shares of Ameren by 117.6% in the 1st quarter. Farmers & Merchants Investments Inc. now owns 370 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 200 shares in the last quarter. Pathway Financial Advisers LLC acquired a new stake in shares of Ameren in the 1st quarter valued at $31,000. Finally, EntryPoint Capital LLC boosted its stake in shares of Ameren by 108.1% in the 1st quarter. EntryPoint Capital LLC now owns 435 shares of the utilities provider’s stock valued at $32,000 after purchasing an additional 226 shares in the last quarter. 79.09% of the stock is owned by institutional investors and hedge funds.

Ameren Trading Up 0.5 %

NYSE:AEE traded up $0.45 on Wednesday, hitting $88.21. 73,216 shares of the stock were exchanged, compared to its average volume of 1,590,384. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.45 and a current ratio of 0.67. The stock has a market capitalization of $23.52 billion, a price-to-earnings ratio of 20.17, a P/E/G ratio of 2.92 and a beta of 0.45. The company’s 50-day moving average price is $84.93 and its 200 day moving average price is $77.74. Ameren Co. has a 52 week low of $67.03 and a 52 week high of $89.08.

Ameren (NYSE:AEE) last announced its quarterly earnings results on Thursday, August 1st. The utilities provider reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.04. The company had revenue of $1.69 billion during the quarter, compared to analysts’ expectations of $1.87 billion. Ameren had a return on equity of 10.20% and a net margin of 16.28%. Ameren’s revenue was down 3.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.90 EPS. On average, equities research analysts forecast that Ameren Co. will post 4.62 earnings per share for the current year.

Ameren Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Wednesday, December 11th will be given a $0.67 dividend. The ex-dividend date is Wednesday, December 11th. This represents a $2.68 annualized dividend and a dividend yield of 3.04%. Ameren’s dividend payout ratio is presently 61.61%.

Insider Activity at Ameren

In related news, EVP Chonda J. Nwamu sold 1,610 shares of the business’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $81.94, for a total value of $131,923.40. Following the completion of the transaction, the executive vice president now directly owns 44,432 shares in the company, valued at approximately $3,640,758.08. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.42% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Argus upgraded shares of Ameren to a “strong-buy” rating in a research note on Thursday, September 19th. UBS Group began coverage on Ameren in a report on Friday, July 19th. They issued a “buy” rating and a $87.00 price target for the company. Morgan Stanley lifted their price target on Ameren from $81.00 to $85.00 and gave the company an “equal weight” rating in a report on Wednesday, September 25th. Jefferies Financial Group began coverage on Ameren in a report on Thursday, September 19th. They issued a “buy” rating and a $97.00 price target for the company. Finally, BMO Capital Markets lifted their price target on Ameren from $84.00 to $87.00 and gave the company an “outperform” rating in a report on Tuesday, August 6th. One analyst has rated the stock with a sell rating, six have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $87.80.

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.