Bank of New York Mellon Corp grew its holdings in shares of Ameren Corporation (NYSE:AEE – Free Report) by 0.4% in the 4th quarter, Holdings Channel reports. The fund owned 1,546,189 shares of the utilities provider’s stock after acquiring an additional 6,108 shares during the period. Bank of New York Mellon Corp’s holdings in Ameren were worth $154,402,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of the business. Caitong International Asset Management Co. Ltd grew its stake 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 in the last quarter. Osterweis Capital Management Inc. grew its stake 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 in the last quarter. Sound Income Strategies LLC grew its stake 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 in the last quarter. Wiser Advisor Group LLC acquired a new position in Ameren in the third quarter worth about $35,000. Finally, Annis Gardner Whiting Capital Advisors LLC grew its stake 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 in the last quarter. 79.09% of the stock is currently owned by institutional investors and hedge funds.
Ameren Price Performance
NYSE AEE opened at $109.28 on Friday. The stock has a market capitalization of $30.24 billion, a P/E ratio of 19.65, a P/E/G ratio of 2.20 and a beta of 0.47. Ameren Corporation has a 1 year low of $93.50 and a 1 year high of $115.58. The business’s fifty day moving average is $110.22 and its two-hundred day moving average is $106.64. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.44 and a current ratio of 0.62.
Ameren Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Tuesday, June 9th. This represents a $3.00 dividend on an annualized basis and a yield of 2.7%. Ameren’s payout ratio is currently 53.96%.
Analyst Upgrades and Downgrades
A number of equities analysts have commented on AEE shares. Barclays lifted their target price on Ameren from $104.00 to $116.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 15th. Morgan Stanley set a $110.00 target price on Ameren in a research note on Thursday, May 21st. Wells Fargo & Company restated an “overweight” rating and issued a $120.00 target price on shares of Ameren in a research note on Tuesday, April 21st. BTIG Research started coverage on Ameren in a research note on Thursday, April 9th. They issued a “buy” rating and a $131.00 target price for the company. Finally, BMO Capital Markets lifted their target price on Ameren from $112.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday, February 13th. Nine equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, Ameren presently has an average rating of “Moderate Buy” and an average price target of $117.54.
Get Our Latest Stock Report on AEE
Insider Activity at Ameren
In other news, SVP Theresa A. Shaw sold 1,500 shares of the company’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $109.35, for a total transaction of $164,025.00. Following the completion of the transaction, the senior vice president owned 32,943 shares of the company’s stock, valued at approximately $3,602,317.05. This represents a 4.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.29% of the company’s stock.
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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