PensionDanmark Pensionsforsikringsaktieselskab boosted its position in Ameren Corporation (NYSE:AEE – Free Report) by 111.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,563 shares of the utilities provider’s stock after buying an additional 8,733 shares during the quarter. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in Ameren were worth $1,872,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd grew its stake in shares of Ameren by 285.5% during the 3rd 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 during the period. Garton & Associates Financial Advisors LLC purchased a new stake in Ameren in the 4th quarter worth about $29,000. Whittier Trust Co. of Nevada Inc. raised its stake in Ameren by 74.9% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 292 shares of the utilities provider’s stock valued at $33,000 after acquiring an additional 125 shares during the period. Osterweis Capital Management Inc. lifted its holdings in Ameren by 6,040.0% during the second quarter. Osterweis Capital Management Inc. now owns 307 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 302 shares during the last quarter. Finally, Sound Income Strategies LLC lifted its holdings in Ameren by 6,080.0% during the fourth quarter. Sound Income Strategies LLC now owns 309 shares of the utilities provider’s stock valued at $32,000 after purchasing an additional 304 shares during the last quarter. 79.09% of the stock is currently owned by institutional investors.
Ameren Stock Performance
Shares of AEE opened at $106.89 on Tuesday. Ameren Corporation has a 12-month low of $96.57 and a 12-month high of $118.32. The company has a current ratio of 0.53, a quick ratio of 0.37 and a debt-to-equity ratio of 1.38. The company has a market cap of $29.59 billion, a PE ratio of 18.82, a price-to-earnings-growth ratio of 2.63 and a beta of 0.47. The stock has a 50-day moving average price of $110.89 and a 200-day moving average price of $109.91.
Ameren Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 9th were issued a $0.75 dividend. The ex-dividend date of this dividend was 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 presently 52.82%.
Wall Street Analysts Forecast Growth
AEE has been the subject of several recent research reports. Wells Fargo & Company reiterated an “overweight” rating and issued a $120.00 target price on shares of Ameren in a research note on Tuesday, April 21st. Barclays upped their price target on shares of Ameren from $116.00 to $117.00 and gave the company an “equal weight” rating in a research note on Thursday, July 9th. JPMorgan Chase & Co. lifted their price objective on shares of Ameren from $126.00 to $137.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. KeyCorp raised shares of Ameren from a “sector weight” rating to an “overweight” rating and set a $122.00 target price on the stock in a report on Thursday, July 23rd. Finally, Truist Financial increased their target price on Ameren from $121.00 to $124.00 and gave the stock a “buy” rating in a research report on Thursday, July 16th. Ten analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $122.08.
Read Our Latest Analysis on AEE
Insider Buying and Selling at Ameren
In related news, insider Michael L. Moehn sold 6,500 shares of the stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $108.96, for a total value of $708,240.00. Following the transaction, the insider owned 199,689 shares of the company’s stock, valued at $21,758,113.44. This represents a 3.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Theresa A. Shaw sold 325 shares of the stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $109.08, for a total value of $35,451.00. Following the completion of the transaction, the senior vice president directly owned 32,618 shares in the company, valued at approximately $3,557,971.44. This represents a 0.99% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company 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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