Mutual of America Capital Management LLC Has $6.95 Million Stock Position in Ameren Co. (NYSE:AEE)

Mutual of America Capital Management LLC raised its holdings in Ameren Co. (NYSE:AEE) by 2.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 77,991 shares of the utilities provider’s stock after buying an additional 1,954 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Ameren were worth $6,952,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AEE. Wealth Enhancement Advisory Services LLC grew its holdings in Ameren by 5.7% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 15,832 shares of the utilities provider’s stock valued at $1,385,000 after buying an additional 857 shares during the last quarter. abrdn plc grew its holdings in shares of Ameren by 18.1% during the 3rd quarter. abrdn plc now owns 112,911 shares of the utilities provider’s stock worth $9,838,000 after purchasing an additional 17,277 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of Ameren by 13.5% during the 3rd quarter. Janney Montgomery Scott LLC now owns 8,566 shares of the utilities provider’s stock worth $749,000 after purchasing an additional 1,021 shares in the last quarter. Prosperitas Financial LLC grew its holdings in shares of Ameren by 9.2% during the 3rd quarter. Prosperitas Financial LLC now owns 31,227 shares of the utilities provider’s stock worth $2,731,000 after purchasing an additional 2,632 shares in the last quarter. Finally, Van ECK Associates Corp grew its holdings in shares of Ameren by 6.9% during the 3rd quarter. Van ECK Associates Corp now owns 76,253 shares of the utilities provider’s stock worth $6,801,000 after purchasing an additional 4,949 shares in the last quarter. Institutional investors and hedge funds own 79.09% of the company’s stock.

Wall Street Analyst Weigh In

AEE has been the topic of several recent research reports. BMO Capital Markets lifted their price objective on Ameren from $100.00 to $105.00 and gave the stock an “outperform” rating in a report on Tuesday, February 18th. Evercore ISI raised Ameren from an “in-line” rating to an “outperform” rating and lifted their price objective for the stock from $89.00 to $104.00 in a report on Tuesday, January 21st. Morgan Stanley lifted their price objective on Ameren from $86.00 to $94.00 and gave the stock an “equal weight” rating in a report on Friday, December 13th. Finally, Barclays lowered Ameren from an “overweight” rating to an “equal weight” rating and lifted their price objective for the stock from $88.00 to $95.00 in a report on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Ameren has a consensus rating of “Moderate Buy” and an average price target of $92.70.

Insider Buying and Selling at Ameren

In other Ameren news, Director Craig S. Ivey sold 2,716 shares of Ameren stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $98.27, for a total value of $266,901.32. Following the completion of the transaction, the director now owns 14,495 shares in the company, valued at approximately $1,424,423.65. The trade was a 15.78 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.42% of the company’s stock.

Ameren Price Performance

Ameren stock opened at $101.74 on Monday. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.66 and a quick ratio of 0.44. The company has a market capitalization of $27.46 billion, a PE ratio of 23.02, a price-to-earnings-growth ratio of 2.97 and a beta of 0.49. Ameren Co. has a one year low of $69.39 and a one year high of $101.75. The business has a 50 day simple moving average of $93.93 and a 200 day simple moving average of $89.78.

Ameren (NYSE:AEE) last issued its quarterly earnings data on Thursday, February 13th. The utilities provider reported $0.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.83 by ($0.06). Ameren had a net margin of 15.51% and a return on equity of 10.34%. During the same period in the prior year, the company posted $0.60 earnings per share. On average, sell-side analysts forecast that Ameren Co. will post 4.93 EPS for the current fiscal year.

Ameren Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Tuesday, March 11th will be given a $0.71 dividend. This is an increase from Ameren’s previous quarterly dividend of $0.67. The ex-dividend date is Tuesday, March 11th. This represents a $2.84 annualized dividend and a yield of 2.79%. Ameren’s payout ratio is presently 64.25%.

Ameren Company Profile

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.