Eurizon Capital SGR S.p.A. bought a new stake in Ameren Corporation (NYSE:AEE – Free Report) during the fourth quarter, Holdings Channel.com reports. The fund bought 12,364 shares of the utilities provider’s stock, valued at approximately $1,235,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. ANTIPODES PARTNERS Ltd increased its stake in Ameren by 104,698.0% in the third quarter. ANTIPODES PARTNERS Ltd now owns 1,370,758 shares of the utilities provider’s stock valued at $143,091,000 after acquiring an additional 1,369,450 shares during the last quarter. Jefferies Financial Group Inc. purchased a new position in shares of Ameren in the 3rd quarter worth about $4,868,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Ameren by 5.3% in the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 543,726 shares of the utilities provider’s stock worth $56,754,000 after purchasing an additional 27,461 shares in the last quarter. Tudor Investment Corp ET AL increased its position in shares of Ameren by 23.7% during the 3rd quarter. Tudor Investment Corp ET AL now owns 155,836 shares of the utilities provider’s stock valued at $16,266,000 after purchasing an additional 29,807 shares during the last quarter. Finally, Alliancebernstein L.P. raised its holdings in shares of Ameren by 3.6% during the 3rd quarter. Alliancebernstein L.P. now owns 3,378,053 shares of the utilities provider’s stock valued at $352,601,000 after buying an additional 116,819 shares in the last quarter. Hedge funds and other institutional investors own 79.09% of the company’s stock.
Ameren Price Performance
Shares of Ameren stock opened at $106.76 on Wednesday. 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 Corporation has a one year low of $93.50 and a one year high of $115.58. The business’s 50 day simple moving average is $110.20 and its two-hundred day simple moving average is $106.58. The stock has a market capitalization of $29.55 billion, a P/E ratio of 19.20, a price-to-earnings-growth ratio of 2.11 and a beta of 0.47.
Ameren Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders 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 yield of 2.8%. Ameren’s dividend payout ratio is presently 53.96%.
Wall Street Analyst Weigh In
A number of analysts recently weighed in on AEE shares. Morgan Stanley set a $110.00 target price on Ameren in a research report on Thursday, May 21st. Wells Fargo & Company reissued an “overweight” rating and set a $120.00 price target on shares of Ameren in a research note on Tuesday, April 21st. BTIG Research began coverage on shares of Ameren in a report on Thursday, April 9th. They issued a “buy” rating and a $131.00 price objective for the company. Truist Financial cut their price objective on shares of Ameren from $126.00 to $121.00 and set a “buy” rating for the company in a research note on Monday, May 18th. Finally, JPMorgan Chase & Co. raised shares of Ameren from a “neutral” rating to an “overweight” rating and increased their target price for the company from $120.00 to $126.00 in a report on Thursday, May 21st. Nine analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $117.54.
Check Out Our Latest Analysis on Ameren
Insider Transactions at Ameren
In other Ameren news, SVP Theresa A. Shaw sold 325 shares of the firm’s 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 sale, the senior vice president 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 legal filing with the Securities & Exchange Commission, which is available at 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 company 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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