Natixis Advisors LLC raised its holdings in shares of Ameren Corporation (NYSE:AEE – Free Report) by 18.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,848 shares of the utilities provider’s stock after acquiring an additional 11,917 shares during the period. Natixis Advisors LLC’s holdings in Ameren were worth $7,774,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in AEE. Caitong International Asset Management Co. Ltd raised its stake in Ameren by 285.5% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 266 shares of the utilities provider’s stock valued at $28,000 after acquiring an additional 197 shares in the last quarter. Osterweis Capital Management Inc. raised its stake in Ameren by 6,040.0% during the 2nd quarter. Osterweis Capital Management Inc. now owns 307 shares of the utilities provider’s stock valued at $29,000 after acquiring an additional 302 shares in the last quarter. Sound Income Strategies LLC raised its stake in Ameren by 6,080.0% during the 4th quarter. Sound Income Strategies LLC now owns 309 shares of the utilities provider’s stock valued at $32,000 after acquiring an additional 304 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC raised its stake in Ameren by 45.4% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 349 shares of the utilities provider’s stock valued at $35,000 after acquiring an additional 109 shares in the last quarter. Finally, Wiser Advisor Group LLC bought a new stake in Ameren during the 3rd quarter valued at $35,000. Institutional investors own 79.09% of the company’s stock.
Ameren Stock Up 0.0%
AEE opened at $109.28 on Monday. Ameren Corporation has a one year low of $93.50 and a one year high of $115.58. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.44 and a current ratio of 0.62. The stock’s fifty day moving average is $110.22 and its 200-day moving average is $106.64. The company has a market capitalization of $30.24 billion, a PE ratio of 19.65, a P/E/G ratio of 2.20 and a beta of 0.47.
Ameren Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors 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 dividend yield of 2.7%. The ex-dividend date is Tuesday, June 9th. Ameren’s payout ratio is presently 53.96%.
Wall Street Analysts Forecast Growth
A number of analysts have recently commented on AEE shares. Wall Street Zen downgraded Ameren from a “hold” rating to a “sell” rating in a research note on Monday, May 25th. Morgan Stanley set a $110.00 price objective on Ameren in a research note on Thursday, May 21st. Argus boosted their price objective on Ameren from $108.00 to $115.00 and gave the stock a “buy” rating in a research note on Monday, March 23rd. Mizuho set a $117.00 price objective on Ameren in a research note on Friday, February 13th. Finally, JPMorgan Chase & Co. raised Ameren from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $120.00 to $126.00 in a research note on Thursday, May 21st. Nine equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $117.54.
Read Our Latest Research Report on AEE
Insider Activity
In related news, SVP Theresa A. Shaw sold 1,500 shares of Ameren stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $109.35, for a total value of $164,025.00. Following the transaction, the senior vice president directly owned 32,943 shares in the company, valued at $3,602,317.05. The trade was a 4.36% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.29% of the stock is owned by insiders.
About Ameren
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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