NFJ Investment Group LLC lowered its position in shares of Ameren Corporation (NYSE:AEE – Free Report) by 8.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 49,989 shares of the utilities provider’s stock after selling 4,646 shares during the period. NFJ Investment Group LLC’s holdings in Ameren were worth $4,992,000 as of its most recent filing with the SEC.
Several other institutional investors have also modified their holdings of AEE. Caitong International Asset Management Co. Ltd lifted its holdings in Ameren by 285.5% in the third quarter. Caitong International Asset Management Co. Ltd now owns 266 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 197 shares during the period. Osterweis Capital Management Inc. lifted its holdings in Ameren by 6,040.0% in the second quarter. Osterweis Capital Management Inc. now owns 307 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 302 shares during the period. Sound Income Strategies LLC lifted its holdings in Ameren by 6,080.0% in the fourth quarter. Sound Income Strategies LLC now owns 309 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 304 shares during the period. Annis Gardner Whiting Capital Advisors LLC lifted its holdings in Ameren by 45.4% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 349 shares of the utilities provider’s stock worth $35,000 after purchasing an additional 109 shares during the period. Finally, Wiser Advisor Group LLC acquired a new stake in Ameren in the third quarter worth about $35,000. Institutional investors own 79.09% of the company’s stock.
Ameren Price Performance
Shares of NYSE AEE opened at $108.99 on Friday. Ameren Corporation has a twelve month low of $93.50 and a twelve month high of $115.58. The company has a current ratio of 0.62, a quick ratio of 0.44 and a debt-to-equity ratio of 1.39. The company has a market capitalization of $30.16 billion, a price-to-earnings ratio of 19.60, a PEG ratio of 2.19 and a beta of 0.47. The firm has a 50-day moving average of $110.09 and a two-hundred day moving average of $106.78.
Ameren Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th will be issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Tuesday, June 9th. Ameren’s dividend payout ratio is presently 53.96%.
Insiders Place Their Bets
In other Ameren news, SVP Theresa A. Shaw sold 325 shares of the company’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $109.08, for a total value 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 approximately $3,557,971.44. This represents a 0.99% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.29% of the company’s stock.
Analysts Set New Price Targets
AEE has been the subject of several research analyst reports. Morgan Stanley set a $110.00 price objective on shares of Ameren in a report on Thursday, May 21st. UBS Group upped their price objective on shares of Ameren from $125.00 to $127.00 and gave the stock a “buy” rating in a report on Friday, February 20th. Wall Street Zen downgraded shares of Ameren from a “hold” rating to a “sell” rating in a report on Monday, May 25th. BTIG Research initiated 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. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and issued a $120.00 price objective on shares of Ameren in a report on Tuesday, April 21st. Nine investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $117.54.
View Our Latest Report on Ameren
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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