Brandywine Global Investment Management LLC raised its position in shares of Ameren Corp (NYSE:AEE) by 3.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 219,579 shares of the utilities provider’s stock after purchasing an additional 6,560 shares during the period. Brandywine Global Investment Management LLC owned approximately 0.09% of Ameren worth $12,953,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. grew its stake in shares of 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 buying an additional 144,146 shares during the last quarter. Wells Fargo & Company MN grew its stake in shares of Ameren by 12.9% during 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 buying an additional 511,854 shares during the last quarter. APG Asset Management N.V. grew its stake in shares of Ameren by 27.6% during 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 buying an additional 956,400 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of Ameren by 25.7% during the fourth quarter. Renaissance Technologies LLC now owns 3,180,400 shares of the utilities provider’s stock valued at $187,612,000 after buying an additional 650,200 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Ameren by 2.9% during 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 buying an additional 72,885 shares during the last quarter. Institutional investors and hedge funds own 69.80% of the company’s stock.
Shares of Ameren Corp (NYSE AEE) opened at $54.41 on Tuesday. The company has a quick ratio of 0.37, a current ratio of 0.55 and a debt-to-equity ratio of 0.97. The stock has a market capitalization of $13,099.85, a PE ratio of 25.31, a P/E/G ratio of 2.58 and a beta of 0.32. Ameren Corp has a 12 month low of $51.89 and a 12 month high of $64.89.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Wednesday, March 14th will be paid a $0.4575 dividend. The ex-dividend date of this dividend is Tuesday, March 13th. This represents a $1.83 annualized dividend and a dividend yield of 3.36%. Ameren’s payout ratio is presently 85.12%.
A number of research analysts have recently issued reports on the company. UBS Group raised their price objective on Ameren from $54.00 to $57.00 and gave the company a “neutral” rating in a research note on Wednesday, February 21st. Zacks Investment Research raised Ameren from a “sell” rating to a “hold” rating in a research note on Tuesday, February 13th. Morgan Stanley set a $53.00 price objective on Ameren and gave the company a “sell” rating in a research note on Tuesday, February 13th. Finally, ValuEngine cut Ameren from a “buy” rating to a “hold” rating in a research note on Monday, December 4th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $56.20.
In related news, SVP Mark C. Lindgren sold 1,923 shares of the firm’s stock in a transaction dated Thursday, March 1st. The stock was sold at an average price of $54.28, for a total value of $104,380.44. Following the sale, the senior vice president now directly owns 57,557 shares of the company’s stock, valued at $3,124,193.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Bruce A. Steinke sold 1,952 shares of the firm’s stock in a transaction dated Thursday, March 1st. The stock was sold at an average price of $54.28, for a total value 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. Insiders sold 16,986 shares of company stock worth $925,147 over the last three months. 0.38% of the stock is owned by insiders.
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Ameren Company Profile
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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