Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in Ameren Corporation (NYSE:AEE) by 9.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,733 shares of the utilities provider’s stock after acquiring an additional 1,707 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Ameren were worth $1,141,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently modified their holdings of AEE. Strs Ohio grew its position in shares of Ameren by 23.6% in the 2nd quarter. Strs Ohio now owns 40,019 shares of the utilities provider’s stock worth $2,187,000 after acquiring an additional 7,643 shares in the last quarter. NGAM Advisors L.P. boosted its position in Ameren by 1.5% during the 2nd quarter. NGAM Advisors L.P. now owns 37,907 shares of the utilities provider’s stock valued at $2,072,000 after purchasing an additional 544 shares during the period. Great West Life Assurance Co. Can boosted its position in Ameren by 26.1% during the 2nd quarter. Great West Life Assurance Co. Can now owns 284,712 shares of the utilities provider’s stock valued at $15,541,000 after purchasing an additional 58,993 shares during the period. Rothschild Asset Management Inc. boosted its position in Ameren by 1.9% during the 2nd quarter. Rothschild Asset Management Inc. now owns 10,917 shares of the utilities provider’s stock valued at $597,000 after purchasing an additional 207 shares during the period. Finally, CIBC Asset Management Inc boosted its position in Ameren by 0.4% during the 2nd quarter. CIBC Asset Management Inc now owns 23,805 shares of the utilities provider’s stock valued at $1,301,000 after purchasing an additional 85 shares during the period. Institutional investors own 70.39% of the company’s stock.
Ameren Corporation (NYSE:AEE) opened at $63.09 on Tuesday. Ameren Corporation has a 12-month low of $48.41 and a 12-month high of $64.89. The stock has a market capitalization of $15,467.97, a P/E ratio of 24.71, a P/E/G ratio of 3.40 and a beta of 0.36. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.40 and a current ratio of 0.61.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Wednesday, December 13th will be paid a dividend of $0.4575 per share. The ex-dividend date of this dividend is Tuesday, December 12th. This represents a $1.83 annualized dividend and a yield of 2.90%. This is an increase from Ameren’s previous quarterly dividend of $0.44. Ameren’s payout ratio is presently 69.84%.
AEE has been the subject of a number of analyst reports. Morgan Stanley boosted their price objective on Ameren from $56.00 to $57.00 and gave the company an “overweight” rating in a research report on Thursday, August 10th. BidaskClub upgraded Ameren from a “hold” rating to a “buy” rating in a research report on Friday, August 11th. Zacks Investment Research lowered Ameren from a “buy” rating to a “hold” rating in a research report on Monday, September 11th. KeyCorp restated a “hold” rating on shares of Ameren in a research report on Friday, October 20th. Finally, Bank of America initiated coverage on Ameren in a research report on Tuesday, October 24th. They set a “neutral” rating and a $62.00 price objective for the company. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $56.00.
In other Ameren news, SVP Gregory L. Nelson sold 12,000 shares of Ameren stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $62.68, for a total transaction of $752,160.00. Following the sale, the senior vice president now owns 36,785 shares of the company’s stock, valued at approximately $2,305,683.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.38% of the stock is owned by insiders.
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Ameren Corporation is a utility holding company. The Company’s subsidiaries include Ameren Missouri, Ameren Illinois and Ameren Transmission Company (ATXI). It operates through four segments. The Ameren Missouri segment includes all of the operations of Ameren Missouri. The Ameren Illinois Electric Distribution segment consists of the electric distribution business of Ameren Illinois.
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