MUFG Securities EMEA plc lifted its position in shares of Ameren Corporation (NYSE:AEE – Free Report) by 114.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,098 shares of the utilities provider’s stock after purchasing 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 reporting period.
A number of other institutional investors also recently modified their holdings of the company. BNP Paribas Financial Markets raised its position in shares of Ameren by 116.3% during the fourth quarter. BNP Paribas Financial Markets now owns 389,309 shares of the utilities provider’s stock worth $38,876,000 after purchasing an additional 209,364 shares during the period. Impact Partnership Wealth LLC acquired a new position in shares of Ameren during the fourth quarter worth approximately $220,000. Eurizon Capital SGR S.p.A. acquired a new position in shares of Ameren during the fourth quarter worth approximately $1,235,000. Fideuram Asset Management Ireland dac acquired a new position in shares of Ameren during the fourth quarter worth approximately $73,000. Finally, National Pension Service raised its position in shares of Ameren by 10.8% during the fourth quarter. National Pension Service now owns 371,365 shares of the utilities provider’s stock worth $37,085,000 after purchasing an additional 36,078 shares during the period. 79.09% of the stock is owned by institutional investors and hedge funds.
Ameren Trading Up 1.6%
Shares of Ameren stock opened at $106.76 on Wednesday. Ameren Corporation has a 1 year low of $93.50 and a 1 year high of $115.58. The firm has a market cap of $29.55 billion, a PE ratio of 19.20, a P/E/G ratio of 2.11 and a beta of 0.47. The stock has a fifty day moving average price of $110.20 and a 200-day moving average price of $106.58. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.62 and a quick ratio of 0.44.
Ameren Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 9th will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Tuesday, June 9th. This represents a $3.00 annualized dividend and a dividend yield of 2.8%. Ameren’s dividend payout ratio (DPR) is currently 53.96%.
Analyst Ratings Changes
AEE has been the subject of a number of analyst reports. JPMorgan Chase & Co. raised Ameren from a “neutral” rating to an “overweight” rating and increased their price target for the company from $120.00 to $126.00 in a research report on Thursday, May 21st. UBS Group increased their price target on Ameren from $125.00 to $127.00 and gave the company a “buy” rating in a research report on Friday, February 20th. BTIG Research initiated coverage on Ameren in a research report on Thursday, April 9th. They issued a “buy” rating and a $131.00 price target for the company. Morgan Stanley set a $110.00 price target on Ameren in a research report on Thursday, May 21st. Finally, Wall Street Zen lowered Ameren from a “hold” rating to a “sell” rating in a research report on Monday, May 25th. Nine research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Ameren currently has an average rating of “Moderate Buy” and an average target price of $117.54.
View Our Latest Analysis on AEE
Insider Activity
In other news, SVP Theresa A. Shaw sold 325 shares of the firm’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $109.08, for a total transaction of $35,451.00. Following the completion of the sale, the senior vice president directly owned 32,618 shares of the company’s stock, valued at $3,557,971.44. This trade represents a 0.99% decrease in their position. 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 currently owned by corporate insiders.
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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