MUFG Securities EMEA plc grew its holdings in shares of Ameren Corporation (NYSE:AEE – Free Report) by 114.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,098 shares of the utilities provider’s stock after acquiring an additional 5,922 shares during the quarter. MUFG Securities EMEA plc’s holdings in Ameren were worth $1,108,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd grew its holdings in shares of 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 last quarter. Osterweis Capital Management Inc. grew 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 purchasing an additional 302 shares during the last quarter. Sound Income Strategies LLC grew 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 purchasing an additional 304 shares during the last quarter. Wiser Advisor Group LLC bought a new stake in shares of Ameren during the third quarter worth about $35,000. Finally, Annis Gardner Whiting Capital Advisors LLC grew its holdings in shares of Ameren by 45.4% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 349 shares of the utilities provider’s stock worth $35,000 after purchasing an additional 109 shares during the last quarter. 79.09% of the stock is currently owned by institutional investors.
Ameren Price Performance
Ameren stock opened at $106.76 on Wednesday. The stock has a market capitalization of $29.55 billion, a price-to-earnings ratio of 19.20, a PEG ratio of 2.11 and a beta of 0.47. Ameren Corporation has a 52-week low of $93.50 and a 52-week high of $115.58. The stock’s 50 day moving average price is $110.20 and its two-hundred day moving average price is $106.58. 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 Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th will be issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Tuesday, June 9th. Ameren’s dividend payout ratio is presently 53.96%.
Insider Activity
In other Ameren news, SVP Theresa A. Shaw sold 1,500 shares of the stock in a transaction that occurred on 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 directly owned 32,943 shares in the company, valued at approximately $3,602,317.05. This represents a 4.36% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.29% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research firms have recently weighed in on AEE. Wells Fargo & Company restated an “overweight” rating and set a $120.00 price target on shares of Ameren in a report on Tuesday, April 21st. Truist Financial reduced their price target on Ameren from $126.00 to $121.00 and set a “buy” rating on the stock in a report on Monday, May 18th. Argus upped their target price on Ameren from $108.00 to $115.00 and gave the company a “buy” rating in a report on Monday, March 23rd. Mizuho set a $117.00 target price on Ameren in a report on Friday, February 13th. Finally, BMO Capital Markets upped their target price on Ameren from $112.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, February 13th. Nine investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $117.54.
Check Out Our Latest Report on AEE
Ameren Company 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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