Municipal Employees Retirement System of Michigan increased its position in shares of Ameren Corp (NYSE:AEE) by 22.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,700 shares of the utilities provider’s stock after purchasing an additional 4,200 shares during the period. Municipal Employees Retirement System of Michigan’s holdings in Ameren were worth $1,705,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AEE. Livforsakringsbolaget Skandia Omsesidigt grew its position in Ameren by 45.9% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 3,181 shares of the utilities provider’s stock valued at $239,000 after acquiring an additional 1,000 shares during the period. Commonwealth Equity Services LLC increased its holdings in Ameren by 4.8% in the second quarter. Commonwealth Equity Services LLC now owns 76,659 shares of the utilities provider’s stock valued at $5,757,000 after purchasing an additional 3,524 shares during the last quarter. AJO LP increased its holdings in Ameren by 19.9% in the first quarter. AJO LP now owns 406,315 shares of the utilities provider’s stock valued at $29,884,000 after purchasing an additional 67,510 shares during the last quarter. Janney Montgomery Scott LLC increased its holdings in Ameren by 11.4% in the first quarter. Janney Montgomery Scott LLC now owns 7,965 shares of the utilities provider’s stock valued at $586,000 after purchasing an additional 813 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in Ameren by 7.3% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 14,302 shares of the utilities provider’s stock valued at $1,052,000 after purchasing an additional 975 shares during the last quarter. Institutional investors and hedge funds own 71.56% of the company’s stock.
Shares of Ameren stock traded up $0.24 during trading hours on Tuesday, hitting $76.88. The company’s stock had a trading volume of 38,019 shares, compared to its average volume of 1,667,958. Ameren Corp has a 12 month low of $62.06 and a 12 month high of $77.77. The stock has a 50 day simple moving average of $76.14. The company has a market capitalization of $18.85 billion, a P/E ratio of 22.79, a PEG ratio of 3.61 and a beta of 0.24. The company has a quick ratio of 0.39, a current ratio of 0.55 and a debt-to-equity ratio of 1.04.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Wednesday, September 11th will be issued a dividend of $0.475 per share. The ex-dividend date is Tuesday, September 10th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 2.47%. Ameren’s payout ratio is presently 56.38%.
A number of equities research analysts recently commented on AEE shares. Zacks Investment Research upgraded Ameren from a “sell” rating to a “hold” rating in a report on Monday, May 6th. Argus upgraded Ameren from a “hold” rating to a “buy” rating in a report on Thursday, July 25th. ValuEngine upgraded Ameren from a “hold” rating to a “buy” rating in a report on Monday, May 13th. Finally, KeyCorp started coverage on Ameren in a report on Tuesday, June 4th. They issued a “sector weight” rating for the company. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Ameren has a consensus rating of “Hold” and a consensus target price of $70.40.
In related news, SVP Mary P. Heger sold 3,000 shares of the stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $76.02, for a total transaction of $228,060.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Shawn E. Schukar sold 1,200 shares of the stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $75.27, for a total value of $90,324.00. The disclosure for this sale can be found here. 0.52% of the stock is currently owned by company insiders.
Ameren Company Profile
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.
Further Reading: Strike Price
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