Intech Investment Management LLC boosted its holdings in shares of Ameren Corporation (NYSE:AEE – Free Report) by 57.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,315 shares of the utilities provider’s stock after buying an additional 8,180 shares during the period. Intech Investment Management LLC’s holdings in Ameren were worth $2,228,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently bought and sold shares of AEE. JPMorgan Chase & Co. raised its position in Ameren by 68.6% during the third quarter. JPMorgan Chase & Co. now owns 4,080,775 shares of the utilities provider’s stock valued at $425,951,000 after buying an additional 1,661,019 shares during the period. ANTIPODES PARTNERS Ltd raised its position in Ameren by 104,698.0% during the third quarter. ANTIPODES PARTNERS Ltd now owns 1,370,758 shares of the utilities provider’s stock valued at $143,091,000 after buying an additional 1,369,450 shares during the period. Homestead Advisers Corp acquired a new position in Ameren during the third quarter valued at $76,614,000. Mizuho Markets Americas LLC raised its position in Ameren by 112.0% during the fourth quarter. Mizuho Markets Americas LLC now owns 70,000 shares of the utilities provider’s stock valued at $6,990,000 after buying an additional 655,199 shares during the period. Finally, Assenagon Asset Management S.A. raised its position in Ameren by 9,966.5% during the fourth quarter. Assenagon Asset Management S.A. now owns 518,725 shares of the utilities provider’s stock valued at $51,800,000 after buying an additional 513,572 shares during the period. 79.09% of the stock is owned by institutional investors and hedge funds.
Ameren Stock Performance
Shares of AEE stock opened at $106.36 on Thursday. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.62 and a quick ratio of 0.44. Ameren Corporation has a fifty-two week low of $93.50 and a fifty-two week high of $115.58. The stock’s 50-day moving average is $110.20 and its two-hundred day moving average is $106.60. The firm has a market cap of $29.43 billion, a P/E ratio of 19.13, a PEG ratio of 2.15 and a beta of 0.47.
Ameren Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 9th will be issued a dividend of $0.75 per share. The ex-dividend date of this dividend is Tuesday, June 9th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.8%. Ameren’s dividend payout ratio is currently 53.96%.
Analyst Ratings Changes
AEE has been the topic of several research reports. UBS Group upped their target price on Ameren from $125.00 to $127.00 and gave the stock a “buy” rating in a research report on Friday, February 20th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $120.00 target price on shares of Ameren in a research report on Tuesday, April 21st. Morgan Stanley set a $110.00 target price on Ameren in a research report on Thursday, May 21st. BTIG Research initiated coverage on Ameren in a research report on Thursday, April 9th. They issued a “buy” rating and a $131.00 target price on the stock. Finally, Weiss Ratings raised Ameren from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 11th. Nine research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $117.54.
Get Our Latest Stock Analysis on Ameren
Insider Activity at Ameren
In other news, SVP Theresa A. Shaw sold 1,500 shares of the stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $109.35, for a total transaction of $164,025.00. Following the transaction, the senior vice president owned 32,943 shares of the company’s stock, valued at approximately $3,602,317.05. This represents a 4.36% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.29% of the company’s stock.
About Ameren
Ameren Corporation (NYSE: AEE) is an integrated energy company headquartered in St. Louis, Missouri, that provides electric and natural gas delivery and related services in portions of Missouri and Illinois. The company operates regulated utility businesses that serve a broad mix of residential, commercial and industrial customers, and it participates in wholesale energy markets and transmission operations that support reliable service across its service territories.
Ameren’s core activities include generation, transmission and distribution of electricity, distribution of natural gas, and the provision of customer energy solutions such as demand-side management and energy efficiency programs.
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