Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Ameren Corporation (NYSE:AEE – Free Report) by 2.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 519,615 shares of the utilities provider’s stock after buying an additional 10,964 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned 0.19% of Ameren worth $49,904,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently modified their holdings of the company. MJT & Associates Financial Advisory Group Inc. purchased a new position in Ameren during the 1st quarter valued at about $25,000. NewSquare Capital LLC grew its position in shares of Ameren by 70.9% in the second quarter. NewSquare Capital LLC now owns 258 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 107 shares during the last quarter. Addison Advisors LLC increased its stake in shares of Ameren by 728.9% during the 2nd quarter. Addison Advisors LLC now owns 315 shares of the utilities provider’s stock worth $30,000 after purchasing an additional 277 shares in the last quarter. Fortitude Family Office LLC increased its stake in shares of Ameren by 600.0% during the 2nd quarter. Fortitude Family Office LLC now owns 343 shares of the utilities provider’s stock worth $33,000 after purchasing an additional 294 shares in the last quarter. Finally, SouthState Corp acquired a new position in shares of Ameren during the 1st quarter worth approximately $34,000. 79.09% of the stock is currently owned by institutional investors and hedge funds.
Ameren Stock Up 0.2%
Shares of AEE opened at $104.96 on Friday. The firm has a market cap of $28.39 billion, a PE ratio of 23.07, a price-to-earnings-growth ratio of 2.57 and a beta of 0.50. The company has a quick ratio of 0.56, a current ratio of 0.80 and a debt-to-equity ratio of 1.51. The company’s fifty day moving average is $102.72 and its two-hundred day moving average is $99.70. Ameren Corporation has a fifty-two week low of $86.40 and a fifty-two week high of $106.73.
Ameren Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 9th will be paid a $0.71 dividend. This represents a $2.84 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Tuesday, December 9th. Ameren’s payout ratio is currently 54.62%.
Wall Street Analysts Forecast Growth
Several research analysts recently weighed in on AEE shares. Wells Fargo & Company assumed coverage on shares of Ameren in a research note on Monday, October 27th. They issued an “overweight” rating and a $112.00 target price for the company. KeyCorp lifted their price target on shares of Ameren from $104.00 to $109.00 and gave the stock an “overweight” rating in a report on Wednesday, October 15th. Weiss Ratings reissued a “buy (b)” rating on shares of Ameren in a research note on Thursday. Royal Bank Of Canada upgraded shares of Ameren to a “hold” rating in a research report on Tuesday, October 28th. Finally, Morgan Stanley lifted their target price on shares of Ameren from $104.00 to $111.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 22nd. Eight equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $109.50.
Check Out Our Latest Stock Analysis on AEE
Insider Transactions at Ameren
In other Ameren news, CFO Michael L. Moehn sold 6,500 shares of Ameren stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $101.44, for a total transaction of $659,360.00. Following the transaction, the chief financial officer directly owned 198,973 shares of the company’s stock, valued at $20,183,821.12. The trade was a 3.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Gwendolyn G. Mizell sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $101.79, for a total transaction of $101,790.00. Following the sale, the senior vice president owned 9,129 shares of the company’s stock, valued at approximately $929,240.91. This represents a 9.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.42% of the stock is currently owned by insiders.
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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