IFM Investors Pty Ltd raised its position in shares of Ameren Corp (NYSE:AEE) by 11.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,851 shares of the utilities provider’s stock after purchasing an additional 1,605 shares during the quarter. IFM Investors Pty Ltd’s holdings in Ameren were worth $1,166,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Chartwell Investment Partners LLC grew its stake in Ameren by 327.0% during the 1st quarter. Chartwell Investment Partners LLC now owns 223,786 shares of the utilities provider’s stock valued at $16,459,000 after purchasing an additional 171,371 shares during the last quarter. MML Investors Services LLC boosted its stake in shares of Ameren by 129.0% in the fourth quarter. MML Investors Services LLC now owns 7,889 shares of the utilities provider’s stock worth $515,000 after buying an additional 4,444 shares during the last quarter. Sound Income Strategies LLC purchased a new stake in shares of Ameren in the fourth quarter worth about $39,000. Morgan Stanley boosted its stake in shares of Ameren by 28.8% in the third quarter. Morgan Stanley now owns 1,054,491 shares of the utilities provider’s stock worth $66,665,000 after buying an additional 235,626 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its stake in shares of Ameren by 2.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 76,283 shares of the utilities provider’s stock worth $4,976,000 after buying an additional 1,828 shares during the last quarter. Institutional investors and hedge funds own 72.47% of the company’s stock.
Shares of AEE opened at $70.48 on Monday. Ameren Corp has a 52 week low of $55.21 and a 52 week high of $74.91. The company has a current ratio of 0.57, a quick ratio of 0.39 and a debt-to-equity ratio of 1.01. The stock has a market capitalization of $17.30 billion, a PE ratio of 20.91, a P/E/G ratio of 3.45 and a beta of 0.29.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Wednesday, March 13th were issued a $0.475 dividend. The ex-dividend date of this dividend was Tuesday, March 12th. This represents a $1.90 dividend on an annualized basis and a yield of 2.70%. Ameren’s payout ratio is 56.38%.
A number of brokerages have recently commented on AEE. ValuEngine downgraded Ameren from a “buy” rating to a “hold” rating in a research note on Thursday, April 4th. Morgan Stanley set a $73.00 target price on Ameren and gave the stock a “hold” rating in a research note on Friday, February 22nd. Zacks Investment Research downgraded Ameren from a “buy” rating to a “hold” rating in a research note on Wednesday, March 6th. Finally, Wells Fargo & Co upped their target price on Ameren from $73.00 to $77.00 and gave the stock an “outperform” rating in a research note on Monday, February 11th. Eight equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $68.43.
In other Ameren news, SVP Fadi M. Diya sold 15,000 shares of the stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $71.18, for a total transaction of $1,067,700.00. Following the completion of the transaction, the senior vice president now owns 62,572 shares of the company’s stock, valued at $4,453,874.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Gregory L. Nelson sold 29,548 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $70.84, for a total value of $2,093,180.32. Following the transaction, the senior vice president now directly owns 37,268 shares of the company’s stock, valued at approximately $2,640,065.12. The disclosure for this sale can be found here. Insiders sold a total of 121,873 shares of company stock valued at $8,639,431 in the last ninety days. 0.52% of the stock is currently owned by insiders.
Ameren Corporation operates as a public utility holding company in the United States. It operates through four segments: Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, and Ameren Transmission. The company engages in the rate-regulated electric generation, transmission, and distribution activities; and rate-regulated natural gas distribution and transmission businesses.
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