NFJ Investment Group LLC purchased a new stake in shares of Ameren Co. (NYSE:AEE - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 88,266 shares of the utilities provider's stock, valued at approximately $7,720,000.
A number of other institutional investors have also recently added to or reduced their stakes in AEE. Millennium Management LLC boosted its position in shares of Ameren by 106.1% in the second quarter. Millennium Management LLC now owns 2,498,158 shares of the utilities provider's stock worth $177,644,000 after buying an additional 1,286,162 shares during the period. International Assets Investment Management LLC boosted its holdings in Ameren by 8,645.7% in the third quarter. International Assets Investment Management LLC now owns 1,160,998 shares of the utilities provider's stock valued at $1,015,410,000 after purchasing an additional 1,147,723 shares during the last quarter. FMR LLC boosted its holdings in Ameren by 59.8% in the third quarter. FMR LLC now owns 2,631,580 shares of the utilities provider's stock valued at $230,158,000 after purchasing an additional 984,879 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in Ameren by 3,738.0% in the third quarter. Assenagon Asset Management S.A. now owns 745,872 shares of the utilities provider's stock valued at $65,234,000 after purchasing an additional 726,438 shares during the last quarter. Finally, ANTIPODES PARTNERS Ltd boosted its holdings in Ameren by 192.6% in the second quarter. ANTIPODES PARTNERS Ltd now owns 1,103,565 shares of the utilities provider's stock valued at $78,475,000 after purchasing an additional 726,404 shares during the last quarter. Hedge funds and other institutional investors own 79.09% of the company's stock.
Analyst Ratings Changes
A number of brokerages recently commented on AEE. Barclays increased their price target on Ameren from $77.00 to $88.00 and gave the company an "overweight" rating in a report on Tuesday, October 15th. Mizuho raised Ameren from a "neutral" rating to an "outperform" rating and increased their price target for the company from $82.00 to $89.00 in a report on Monday, September 16th. Jefferies Financial Group assumed coverage on Ameren in a research note on Thursday, September 19th. They set a "buy" rating and a $97.00 price objective on the stock. BMO Capital Markets upped their price objective on Ameren from $84.00 to $87.00 and gave the company an "outperform" rating in a research note on Tuesday, August 6th. Finally, Bank of America upped their price objective on Ameren from $86.00 to $87.00 and gave the company a "neutral" rating in a research note on Thursday, August 29th. One equities 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 assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $87.78.
Read Our Latest Analysis on Ameren
Insider Activity at Ameren
In other news, CFO Michael L. Moehn sold 6,500 shares of the firm's stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $92.15, for a total transaction of $598,975.00. Following the completion of the sale, the chief financial officer now directly owns 205,171 shares of the company's stock, valued at $18,906,507.65. This trade represents a 3.07 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.36% of the stock is owned by insiders.
Ameren Stock Performance
AEE traded up $0.39 during trading hours on Wednesday, hitting $92.19. The company's stock had a trading volume of 516,634 shares, compared to its average volume of 1,572,630. Ameren Co. has a fifty-two week low of $67.03 and a fifty-two week high of $95.69. The company has a current ratio of 0.63, a quick ratio of 0.41 and a debt-to-equity ratio of 1.37. The firm has a market capitalization of $24.61 billion, a PE ratio of 21.71, a PEG ratio of 3.06 and a beta of 0.48. The company has a 50-day simple moving average of $89.25 and a 200 day simple moving average of $81.28.
Ameren Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Wednesday, December 11th will be given a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 2.91%. The ex-dividend date is Wednesday, December 11th. Ameren's dividend payout ratio is currently 63.06%.
Ameren Profile
(
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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