Janus Henderson Group PLC increased its stake in Ameren Corporation (NYSE:AEE – Free Report) by 2.1% during the fourth quarter, HoldingsChannel.com reports. The fund owned 4,823,992 shares of the utilities provider’s stock after buying an additional 99,671 shares during the period. Janus Henderson Group PLC’s holdings in Ameren were worth $481,724,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. Caitong International Asset Management Co. Ltd increased its position in shares of Ameren by 285.5% in the third quarter. Caitong International Asset Management Co. Ltd now owns 266 shares of the utilities provider’s stock worth $28,000 after acquiring an additional 197 shares in the last quarter. Osterweis Capital Management Inc. increased its position in shares of Ameren by 6,040.0% in the second quarter. Osterweis Capital Management Inc. now owns 307 shares of the utilities provider’s stock worth $29,000 after acquiring an additional 302 shares in the last quarter. Sound Income Strategies LLC increased its position in shares of Ameren by 6,080.0% in the fourth quarter. Sound Income Strategies LLC now owns 309 shares of the utilities provider’s stock worth $32,000 after acquiring an additional 304 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC increased its position in shares of Ameren by 45.4% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 349 shares of the utilities provider’s stock worth $35,000 after acquiring an additional 109 shares in the last quarter. Finally, Wiser Advisor Group LLC purchased a new position in shares of Ameren in the third quarter worth approximately $35,000. 79.09% of the stock is currently owned by institutional investors and hedge funds.
Ameren Stock Performance
Shares of AEE opened at $108.84 on Thursday. The company’s 50 day moving average price is $109.98 and its 200 day moving average price is $106.87. Ameren Corporation has a 52 week low of $93.86 and a 52 week high of $115.58. The company has a market capitalization of $30.12 billion, a PE ratio of 19.58, a PEG ratio of 2.22 and a beta of 0.47. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.44 and a current ratio of 0.62.
Ameren Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th will be paid a $0.75 dividend. The ex-dividend date is Tuesday, June 9th. This represents a $3.00 dividend on an annualized basis and a yield of 2.8%. Ameren’s payout ratio is 53.96%.
Insider Buying and Selling
In other Ameren news, SVP Theresa A. Shaw sold 1,500 shares of the business’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $109.35, for a total value of $164,025.00. Following the transaction, the senior vice president owned 32,943 shares in the company, valued at $3,602,317.05. The trade was a 4.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.29% of the stock is owned by company insiders.
Analyst Ratings Changes
Several research analysts have recently weighed in on the stock. JPMorgan Chase & Co. raised shares of Ameren from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $120.00 to $126.00 in a research report on Thursday, May 21st. UBS Group lifted their price target on Ameren from $125.00 to $127.00 and gave the company a “buy” rating in a report on Friday, February 20th. Wells Fargo & Company reiterated an “overweight” rating and set a $120.00 price target on shares of Ameren in a report on Tuesday, April 21st. Argus lifted their price target on Ameren from $108.00 to $115.00 and gave the company a “buy” rating in a report on Monday, March 23rd. Finally, Morgan Stanley set a $110.00 price target on Ameren in a report on Thursday, May 21st. Nine investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, Ameren presently has an average rating of “Moderate Buy” and an average price target of $117.54.
Get Our Latest Report on Ameren
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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