ProShare Advisors LLC boosted its stake in shares of Ameren Corporation (NYSE:AEE – Free Report) by 40.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 66,587 shares of the utilities provider’s stock after purchasing an additional 19,095 shares during the quarter. ProShare Advisors LLC’s holdings in Ameren were worth $6,649,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in AEE. Caitong International Asset Management Co. Ltd boosted its position in Ameren by 285.5% during the third quarter. Caitong International Asset Management Co. Ltd now owns 266 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 197 shares during the period. Osterweis Capital Management Inc. lifted its holdings in shares of Ameren by 6,040.0% during the second quarter. Osterweis Capital Management Inc. now owns 307 shares of the utilities provider’s stock worth $29,000 after buying an additional 302 shares during the last quarter. Sound Income Strategies LLC lifted its holdings in shares of Ameren by 6,080.0% during the fourth quarter. Sound Income Strategies LLC now owns 309 shares of the utilities provider’s stock worth $32,000 after buying an additional 304 shares during the last quarter. Wiser Advisor Group LLC acquired a new position in shares of Ameren during the third quarter worth approximately $35,000. Finally, Sunbelt Securities Inc. acquired a new position in shares of Ameren during the third quarter worth approximately $37,000. Institutional investors own 79.09% of the company’s stock.
Ameren Stock Performance
Shares of NYSE AEE opened at $111.33 on Friday. The business has a fifty day simple moving average of $110.43 and a 200 day simple moving average of $106.29. The company has a current ratio of 0.62, a quick ratio of 0.44 and a debt-to-equity ratio of 1.39. The firm has a market capitalization of $30.81 billion, a price-to-earnings ratio of 20.02, a PEG ratio of 2.21 and a beta of 0.50. Ameren Corporation has a one year low of $93.50 and a one year high of $115.58.
Ameren Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th will be paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Tuesday, June 9th. Ameren’s dividend payout ratio is presently 53.96%.
Wall Street Analyst Weigh In
AEE has been the subject of a number of research analyst reports. Truist Financial cut their price target on Ameren from $126.00 to $121.00 and set a “buy” rating for the company in a report on Monday. Weiss Ratings upgraded Ameren from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 11th. JPMorgan Chase & Co. upgraded Ameren from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $120.00 to $126.00 in a report on Thursday. Wall Street Zen upgraded Ameren from a “sell” rating to a “hold” rating in a report on Sunday, May 17th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and set a $116.00 price target on shares of Ameren in a report on Friday, January 23rd. Nine analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $117.54.
Get Our Latest Analysis on AEE
Insider Activity at Ameren
In related news, SVP Theresa A. Shaw sold 1,500 shares of the company’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $109.35, for a total value of $164,025.00. Following the completion of the transaction, the senior vice president directly owned 32,943 shares in the company, valued at approximately $3,602,317.05. This represents 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 this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.29% of the company’s stock.
Ameren Profile
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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