Transform Wealth LLC Gains More Control with 100% Increase in Ameren Co. Holdings
Recently, Transform Wealth LLC made an impressive move by increasing their holdings in Ameren Co. (NYSE:AEE) during the first quarter of 2023. This action was revealed in their 13F filing with the Securities & Exchange Commission. They boosted their holdings by a staggering 100%, from owning 2,950 shares to owning 5,900 shares in the utilities provider’s stock.
As of June 26th, 2023, Transform Wealth LLC’s now has $510,000 worth of Ameren Co.’s stocks in their holdings. The news is a signal that the fund management company continues to adjust its portfolio and add more strength to its status as an industry leader.
The quarterly dividend announcement made by Ameren on June 14th also caught investors’ attention. This news was well-received by shareholders, with anticipation surrounding the payment scheduled for June 30th. Stockholders were delighted to learn they would receive $0.63 per share – an annualized dividend of $2.52 – based on current records held as at June 14th,. The ex-dividend date for this dividend was set for Tuesday, June 13th.
Ameren’s payout ratio as of today stands at a healthy rate of approximately 60.43%. In addition to these exciting developments, insiders are making profitable moves concerning trades in the utility company’s stocks itself. Senior Vice President Fadi M. Diya recently sold a total of 36,940 shares on Tuesday, June 13th; these shares were sold at an average price of $82.37 each generating a transaction value worth $3,042,747.80.
Following this sale Fadi M.Diya directly owned around 57,676 shares valued at $4,750,772.12 which he had bought earlier from the company’s stock. Another significant sale that has occurred recently is by CFO Michael L. Moehn, who sold 3,080 shares of Ameren Co.’s stock on June 1st at an average price per share of $81.12. Post-transaction, he now holds a total of 164,179 shares worth around $13,318,200.48.
All the transactions made by insiders are disclosed in filings with the Securities & Exchange Commission and are available for public viewing; corporate insiders currently hold approximately 0.42% of Ameren’s Co.’s stock.
These developments suggest good news for investors holding or looking to invest in Ameren Co.’s stocks: continued insider selling signals strong growth prospects for the company and these strategic moves show potential when it comes to long-term gains and returns – a beneficial aspect upon which investors and fund management companies alike generally capitalize.
Updated on: 03/12/2023
Debt to equity ratio: Strong Buy
Price to earnings ratio: Strong Buy
Price to book ratio: Strong Buy
DCF: Strong Buy
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Institutional Interest and Mixed Ratings: Analyzing Ameren’s Performance in the Utility Provider Market
Ameren: A Look at Institutional Holdings, Ratings, and Performance
Investing in utility providers has been a popular investment strategy among institutional investors lately. Ameren (NYSE:AEE) is one of those utilities providers that has received significant attention, as illustrated by the notable increase in holdings by institutional investors.
Moneta Group Investment Advisors LLC increased its holdings in shares of Ameren by 100,874.2% in the fourth quarter. T. Rowe Price Investment Management Inc., Caisse DE Depot ET Placement DU Quebec, Jennison Associates LLC and State Street Corp also added to their stakes in the company. Overall, 77.63% of the stock is currently owned by institutional investors.
Despite the surge in interest from institutional investors, Ameren has recently received mixed ratings from analysts. StockNews.com assumed coverage on Ameren with a “hold” rating for the company, while Bank of America lifted their price objective on Ameren from $96.00 to $99.00 and gave it a “buy” rating.
However, JPMorgan Chase & Co., Mizuho, and Morgan Stanley have given more bearish outlooks on Ameren’s performance. Their reviews cut down price objectives ranging from $102 to $87 per share amid overall ratings of “hold” for the stock.
In terms of dividends and yield rates for shareholders who invest with Ameren today will get paid a quarterly dividend of $0.63 per share on Friday June 30th representing a $2.52 annualized dividend payout and a formidable dividend yield rate of 3.12%.
On Monday June 26th the stock opened at $80.83 weakening gradually from its past high of $97 established within last year’s timeframe, however analysts believe there are numerous reasons why this may occur including turmoil between political administrations interfering with market trends.
Ameren is expected to maintain stable growth with visible declining conservative trends toward the end of the fiscal year. During Q1, Ameren reported $1.00 earnings per share for the quarter, beating consensus estimates of $0.94 by $0.06 with revenue up 9.7% YoY.
Investors continue to stay steadfast as expectations remain high for Ameren’s solid market presence and dividend option, despite analysts’ conflicting opinions on the stock’s performance outlook.