Empire Life Investments Inc. increased its position in shares of Ameren Corp (NYSE:AEE) by 0.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 155,971 shares of the utilities provider’s stock after buying an additional 927 shares during the quarter. Empire Life Investments Inc. owned 0.06% of Ameren worth $9,201,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. BlackRock Inc. boosted its holdings in Ameren by 0.9% during the fourth quarter. BlackRock Inc. now owns 16,644,375 shares of the utilities provider’s stock valued at $981,851,000 after purchasing an additional 144,146 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of Ameren by 12.9% in the third quarter. Wells Fargo & Company MN now owns 4,478,768 shares of the utilities provider’s stock valued at $259,053,000 after acquiring an additional 511,854 shares during the last quarter. APG Asset Management N.V. raised its stake in shares of Ameren by 27.6% in the fourth quarter. APG Asset Management N.V. now owns 4,419,198 shares of the utilities provider’s stock valued at $217,096,000 after acquiring an additional 956,400 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of Ameren by 25.7% in the fourth quarter. Renaissance Technologies LLC now owns 3,180,400 shares of the utilities provider’s stock valued at $187,612,000 after acquiring an additional 650,200 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Ameren by 2.9% in the fourth quarter. Geode Capital Management LLC now owns 2,572,602 shares of the utilities provider’s stock valued at $151,435,000 after acquiring an additional 72,885 shares during the last quarter. 69.80% of the stock is currently owned by institutional investors.
Ameren Corp (AEE) opened at $53.99 on Monday. Ameren Corp has a one year low of $51.89 and a one year high of $64.89. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.37 and a current ratio of 0.55. The company has a market cap of $13,099.85, a PE ratio of 19.01, a PEG ratio of 2.58 and a beta of 0.32.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Wednesday, March 14th will be paid a dividend of $0.4575 per share. The ex-dividend date is Tuesday, March 13th. This represents a $1.83 dividend on an annualized basis and a dividend yield of 3.39%. Ameren’s dividend payout ratio is 85.12%.
Several research firms recently weighed in on AEE. ValuEngine upgraded shares of Ameren from a “hold” rating to a “buy” rating in a research report on Wednesday, November 15th. Morgan Stanley cut shares of Ameren from an “equal weight” rating to an “underweight” rating and set a $61.00 target price for the company. in a research report on Wednesday, December 13th. Zacks Investment Research cut shares of Ameren from a “hold” rating to a “sell” rating in a research report on Friday, January 5th. Finally, UBS Group upped their target price on shares of Ameren from $54.00 to $57.00 and gave the company a “neutral” rating in a research report on Wednesday, February 21st. Two analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a strong buy rating to the company’s stock. Ameren currently has an average rating of “Hold” and an average target price of $56.20.
In other news, VP Martin J. Lyons sold 13,111 shares of the company’s stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $54.52, for a total value of $714,811.72. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Bruce A. Steinke sold 1,952 shares of the company’s stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $54.28, for a total transaction of $105,954.56. Following the completion of the sale, the chief accounting officer now directly owns 41,120 shares in the company, valued at $2,231,993.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 16,986 shares of company stock valued at $925,147. Company insiders own 0.38% of the company’s stock.
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Ameren Corporation is a utility holding company. The Company’s subsidiaries include Ameren Missouri, Ameren Illinois and Ameren Transmission Company (ATXI). It operates through four segments. The Ameren Missouri segment includes all of the operations of Ameren Missouri. The Ameren Illinois Electric Distribution segment consists of the electric distribution business of Ameren Illinois.
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