8,530 Shares in Ameren Co. (NYSE:AEE) Bought by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd bought a new position in Ameren Co. (NYSE:AEE - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The firm bought 8,530 shares of the utilities provider's stock, valued at approximately $760,000.

A number of other large investors have also recently modified their holdings of AEE. Steward Partners Investment Advisory LLC grew its position in shares of Ameren by 14.4% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 10,174 shares of the utilities provider's stock worth $907,000 after buying an additional 1,282 shares during the period. JPMorgan Chase & Co. grew its holdings in Ameren by 51.7% in the third quarter. JPMorgan Chase & Co. now owns 1,064,877 shares of the utilities provider's stock worth $93,134,000 after purchasing an additional 362,772 shares during the period. State Street Corp grew its holdings in Ameren by 2.6% in the third quarter. State Street Corp now owns 13,139,956 shares of the utilities provider's stock worth $1,149,221,000 after purchasing an additional 334,752 shares during the period. National Bank of Canada FI increased its stake in shares of Ameren by 57.7% during the third quarter. National Bank of Canada FI now owns 174,840 shares of the utilities provider's stock valued at $15,291,000 after purchasing an additional 63,993 shares in the last quarter. Finally, U.S. Capital Wealth Advisors LLC purchased a new position in shares of Ameren during the fourth quarter valued at approximately $317,000. Institutional investors own 79.09% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Evercore ISI raised Ameren from an "in-line" rating to an "outperform" rating and raised their price objective for the company from $89.00 to $104.00 in a research report on Tuesday, January 21st. BMO Capital Markets raised their price target on Ameren from $100.00 to $105.00 and gave the company an "outperform" rating in a report on Tuesday, February 18th. Barclays dropped their price target on shares of Ameren from $102.00 to $101.00 and set an "equal weight" rating on the stock in a research note on Tuesday. UBS Group raised their price objective on shares of Ameren from $106.00 to $113.00 and gave the company a "buy" rating in a research note on Friday, March 21st. Finally, Morgan Stanley lifted their target price on shares of Ameren from $97.00 to $101.00 and gave the stock an "equal weight" rating in a report on Thursday, March 20th. Four analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $99.22.

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Ameren Stock Performance

Shares of AEE traded up $0.95 during trading hours on Friday, hitting $97.67. The stock had a trading volume of 286,752 shares, compared to its average volume of 1,568,626. Ameren Co. has a 12 month low of $69.39 and a 12 month high of $104.10. The stock has a fifty day moving average price of $98.36 and a 200 day moving average price of $92.95. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.66 and a quick ratio of 0.44. The firm has a market capitalization of $26.36 billion, a PE ratio of 22.07, a PEG ratio of 2.97 and a beta of 0.45.

Ameren (NYSE:AEE - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The utilities provider reported $0.77 EPS for the quarter, missing the consensus estimate of $0.83 by ($0.06). Ameren had a net margin of 15.51% and a return on equity of 10.34%. During the same quarter in the prior year, the company earned $0.60 EPS. Analysts anticipate that Ameren Co. will post 4.93 EPS for the current year.

Ameren Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Tuesday, March 11th were paid a $0.71 dividend. This represents a $2.84 annualized dividend and a yield of 2.91%. This is an increase from Ameren's previous quarterly dividend of $0.67. The ex-dividend date was Tuesday, March 11th. Ameren's dividend payout ratio is presently 64.25%.

Insider Activity

In other Ameren news, Director Craig S. Ivey sold 2,716 shares of the stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $98.27, for a total transaction of $266,901.32. Following the completion of the transaction, the director now owns 14,495 shares of the company's stock, valued at $1,424,423.65. This represents a 15.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Chonda J. Nwamu sold 5,500 shares of Ameren stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $101.37, for a total value of $557,535.00. Following the completion of the sale, the executive vice president now directly owns 43,344 shares in the company, valued at $4,393,781.28. This trade represents a 11.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,959 shares of company stock worth $1,316,712 over the last quarter. Insiders own 0.34% of the company's stock.

Ameren Company Profile

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.