Quantinno Capital Management LP lifted its position in Ameren Co. (NYSE:AEE - Free Report) by 59.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 37,534 shares of the utilities provider's stock after purchasing an additional 13,967 shares during the quarter. Quantinno Capital Management LP's holdings in Ameren were worth $3,283,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in AEE. Assenagon Asset Management S.A. raised its holdings in shares of Ameren by 392.0% during the 2nd quarter. Assenagon Asset Management S.A. now owns 19,434 shares of the utilities provider's stock worth $1,382,000 after acquiring an additional 15,484 shares in the last quarter. Versor Investments LP bought a new position in Ameren during the third quarter valued at $1,417,000. Magnetar Financial LLC purchased a new position in shares of Ameren in the 2nd quarter worth $2,632,000. FMR LLC increased its holdings in shares of Ameren by 59.8% in the 3rd quarter. FMR LLC now owns 2,631,580 shares of the utilities provider's stock worth $230,158,000 after buying an additional 984,879 shares during the last quarter. Finally, Lindenwold Advisors INC purchased a new stake in shares of Ameren during the 3rd quarter valued at about $1,682,000. 79.09% of the stock is currently owned by hedge funds and other institutional investors.
Ameren Stock Up 0.5 %
Shares of NYSE:AEE traded up $0.47 during trading hours on Tuesday, hitting $91.64. The company's stock had a trading volume of 508,330 shares, compared to its average volume of 1,563,458. The company has a market capitalization of $24.46 billion, a price-to-earnings ratio of 21.45, a P/E/G ratio of 3.02 and a beta of 0.48. The firm's fifty day moving average price is $89.68 and its 200 day moving average price is $81.80. 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.
Ameren Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Wednesday, December 11th will be given a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 2.92%. The ex-dividend date is Wednesday, December 11th. Ameren's payout ratio is 63.06%.
Insider Buying and Selling
In other news, CFO Michael L. Moehn sold 6,500 shares of the company'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 transaction, the chief financial officer now directly owns 205,171 shares of the company's stock, valued at approximately $18,906,507.65. This represents a 3.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.42% of the stock is currently owned by company insiders.
Analyst Upgrades and Downgrades
A number of equities research analysts have issued reports on the company. Wells Fargo & Company upped their price objective on Ameren from $91.00 to $96.00 and gave the company an "overweight" rating in a research report on Friday, September 20th. BMO Capital Markets increased their price target on Ameren from $93.00 to $98.00 and gave the company an "outperform" rating in a report on Thursday, December 5th. Argus upgraded shares of Ameren to a "strong-buy" rating in a research report on Thursday, September 19th. Jefferies Financial Group initiated coverage on shares of Ameren in a report on Thursday, September 19th. They issued a "buy" rating and a $97.00 target price for the company. Finally, Morgan Stanley cut their price target on shares of Ameren from $88.00 to $86.00 and set an "equal weight" rating on the stock in a report on Friday, November 22nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $89.00.
View Our Latest Analysis on AEE
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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