Energy Income Partners LLC grew its holdings in Ameren Corporation (NYSE:AEE – Free Report) by 38.5% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 289,865 shares of the utilities provider’s stock after buying an additional 80,511 shares during the quarter. Energy Income Partners LLC owned 0.11% of Ameren worth $27,839,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. QRG Capital Management Inc. boosted its holdings in shares of Ameren by 5.7% in the 2nd quarter. QRG Capital Management Inc. now owns 55,788 shares of the utilities provider’s stock worth $5,358,000 after acquiring an additional 3,006 shares in the last quarter. Focus Partners Wealth raised its position in Ameren by 10.0% in the 1st quarter. Focus Partners Wealth now owns 34,201 shares of the utilities provider’s stock valued at $3,434,000 after purchasing an additional 3,112 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its stake in Ameren by 1.1% in the second quarter. State Board of Administration of Florida Retirement System now owns 255,152 shares of the utilities provider’s stock worth $24,505,000 after purchasing an additional 2,750 shares in the last quarter. Intech Investment Management LLC grew its holdings in shares of Ameren by 61.6% during the first quarter. Intech Investment Management LLC now owns 22,605 shares of the utilities provider’s stock worth $2,270,000 after purchasing an additional 8,618 shares during the last quarter. Finally, Magellan Asset Management Ltd increased its stake in shares of Ameren by 8.6% in the second quarter. Magellan Asset Management Ltd now owns 209,918 shares of the utilities provider’s stock valued at $20,161,000 after buying an additional 16,590 shares in the last quarter. 79.09% of the stock is owned by institutional investors.
Ameren Trading Up 0.0%
Shares of NYSE AEE opened at $97.29 on Friday. Ameren Corporation has a fifty-two week low of $86.40 and a fifty-two week high of $106.73. The firm has a market capitalization of $26.32 billion, a P/E ratio of 18.71, a P/E/G ratio of 2.29 and a beta of 0.57. The company has a debt-to-equity ratio of 1.49, a current ratio of 0.93 and a quick ratio of 0.64. The company’s 50 day simple moving average is $103.31 and its 200 day simple moving average is $100.36.
Ameren Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 9th will be issued a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Tuesday, December 9th. Ameren’s dividend payout ratio is currently 54.62%.
Analyst Ratings Changes
A number of equities research analysts have commented on AEE shares. Mizuho increased their price objective on shares of Ameren from $108.00 to $114.00 and gave the stock an “outperform” rating in a report on Monday, October 27th. Barclays set a $113.00 target price on shares of Ameren in a research report on Tuesday, October 21st. Wells Fargo & Company initiated coverage on shares of Ameren in a report on Monday, October 27th. They issued an “overweight” rating and a $112.00 price target for the company. Royal Bank Of Canada raised Ameren to a “hold” rating in a report on Tuesday, October 28th. Finally, Argus raised Ameren to a “strong-buy” rating in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat, Ameren currently has a consensus rating of “Moderate Buy” and a consensus price target of $109.50.
Check Out Our Latest Analysis on Ameren
Insider Buying and Selling
In other Ameren news, CFO Michael L. Moehn sold 6,500 shares of the stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $101.44, for a total value of $659,360.00. Following the transaction, the chief financial officer owned 198,973 shares of the company’s stock, valued at approximately $20,183,821.12. This represents a 3.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.42% of the company’s stock.
About Ameren
Ameren Corporation, together with its subsidiaries, operates as a public utility holding company in the United States. The company operates through four segments: Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, and Ameren Transmission. It engages in the rate-regulated electric generation, transmission, and distribution activities; and rate-regulated natural gas distribution business.
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