Janus Henderson Group PLC lifted its stake in Ameren Co. (NYSE:AEE - Free Report) by 0.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,561,994 shares of the utilities provider's stock after buying an additional 39,300 shares during the period. Janus Henderson Group PLC owned about 1.71% of Ameren worth $398,992,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. Metis Global Partners LLC increased its holdings in shares of Ameren by 1.5% during the third quarter. Metis Global Partners LLC now owns 8,513 shares of the utilities provider's stock worth $745,000 after buying an additional 124 shares in the last quarter. Kentucky Retirement Systems increased its holdings in shares of Ameren by 0.6% during the second quarter. Kentucky Retirement Systems now owns 20,095 shares of the utilities provider's stock worth $1,429,000 after buying an additional 126 shares in the last quarter. NorthRock Partners LLC increased its holdings in shares of Ameren by 4.2% during the third quarter. NorthRock Partners LLC now owns 3,107 shares of the utilities provider's stock worth $272,000 after buying an additional 126 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. increased its holdings in shares of Ameren by 1.4% during the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 9,803 shares of the utilities provider's stock worth $697,000 after buying an additional 135 shares in the last quarter. Finally, Empirical Finance LLC increased its holdings in shares of Ameren by 2.2% during the third quarter. Empirical Finance LLC now owns 8,880 shares of the utilities provider's stock worth $777,000 after buying an additional 192 shares in the last quarter. Institutional investors own 79.09% of the company's stock.
Ameren Stock Up 0.7 %
NYSE:AEE traded up $0.62 on Wednesday, hitting $92.42. 1,216,145 shares of the company's stock were exchanged, compared to its average volume of 1,575,803. The firm has a 50-day moving average price of $89.37 and a 200-day moving average price of $81.35. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.63 and a quick ratio of 0.41. Ameren Co. has a 52 week low of $67.03 and a 52 week high of $95.69. The company has a market cap of $24.67 billion, a P/E ratio of 21.75, a price-to-earnings-growth ratio of 3.06 and a beta of 0.48.
Ameren Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Wednesday, December 11th will be paid a $0.67 dividend. The ex-dividend date is Wednesday, December 11th. This represents a $2.68 dividend on an annualized basis and a yield of 2.90%. Ameren's dividend payout ratio (DPR) is currently 63.06%.
Analyst Upgrades and Downgrades
A number of analysts recently weighed in on the stock. Bank of America raised their price target on shares of Ameren from $86.00 to $87.00 and gave the company a "neutral" rating in a report on Thursday, August 29th. Morgan Stanley lowered their price target on shares of Ameren from $88.00 to $86.00 and set an "equal weight" rating for the company in a report on Friday, November 22nd. Jefferies Financial Group assumed coverage on shares of Ameren in a report on Thursday, September 19th. They issued a "buy" rating and a $97.00 price target for the company. Wells Fargo & Company raised their price target on shares of Ameren from $91.00 to $96.00 and gave the company an "overweight" rating in a report on Friday, September 20th. Finally, Argus raised shares of Ameren to a "strong-buy" rating in a report on Thursday, September 19th. One research analyst has rated the stock with a sell rating, six have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $87.78.
View Our Latest Report on Ameren
Insider Activity at Ameren
In other Ameren news, CFO Michael L. Moehn sold 6,500 shares of the business's stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $92.15, for a total value of $598,975.00. Following the completion of the sale, the chief financial officer now owns 205,171 shares of the company's stock, valued at $18,906,507.65. The trade was a 3.07 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.36% of the stock is owned by company insiders.
About Ameren
(
Free Report)
Ameren Corporation, together with its subsidiaries, operates as a public utility holding company in the United States. The company operates through four segments: Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, and Ameren Transmission. It engages in the rate-regulated electric generation, transmission, and distribution activities; and rate-regulated natural gas distribution business.
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