Toronto Dominion Bank raised its position in Ameren Corp (NYSE:AEE) by 1.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 158,571 shares of the utilities provider’s stock after buying an additional 2,041 shares during the quarter. Toronto Dominion Bank owned 0.06% of Ameren worth $10,023,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of AEE. Rampart Investment Management Company LLC acquired a new stake in shares of Ameren during the 2nd quarter worth $150,000. Bronfman E.L. Rothschild L.P. grew its holdings in shares of Ameren by 274.3% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,553 shares of the utilities provider’s stock worth $155,000 after purchasing an additional 1,871 shares in the last quarter. Centaurus Financial Inc. acquired a new stake in shares of Ameren during the 2nd quarter worth $166,000. Piedmont Investment Advisors LLC acquired a new stake in shares of Ameren during the 2nd quarter worth $174,000. Finally, NumerixS Investment Technologies Inc acquired a new stake in shares of Ameren during the 2nd quarter worth $179,000. 73.93% of the stock is currently owned by hedge funds and other institutional investors.
Shares of AEE stock opened at $67.52 on Thursday. The company has a quick ratio of 0.43, a current ratio of 0.64 and a debt-to-equity ratio of 0.98. Ameren Corp has a twelve month low of $51.89 and a twelve month high of $70.68. The firm has a market cap of $16.86 billion, a P/E ratio of 23.86, a price-to-earnings-growth ratio of 3.01 and a beta of 0.15.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 31st. Investors of record on Wednesday, December 12th will be given a dividend of $0.475 per share. This is an increase from Ameren’s previous quarterly dividend of $0.46. This represents a $1.90 annualized dividend and a dividend yield of 2.81%. The ex-dividend date is Tuesday, December 11th. Ameren’s dividend payout ratio is currently 64.66%.
Several analysts have recently issued reports on AEE shares. Wells Fargo & Co increased their target price on Ameren from $67.00 to $71.00 and gave the stock an “outperform” rating in a report on Monday, September 17th. SunTrust Banks started coverage on Ameren in a report on Wednesday, September 26th. They set a “hold” rating and a $64.00 target price on the stock. Morgan Stanley increased their target price on Ameren from $62.00 to $67.00 and gave the stock an “equal weight” rating in a report on Tuesday, September 11th. Wolfe Research lowered Ameren from an “outperform” rating to a “hold” rating in a report on Friday, October 26th. Finally, Barclays set a $67.00 price objective on Ameren and gave the stock a “hold” rating in a research report on Saturday, November 17th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Ameren has a consensus rating of “Buy” and an average target price of $65.38.
In other Ameren news, insider Michael L. Moehn sold 8,000 shares of the stock in a transaction dated Thursday, November 15th. The stock was sold at an average price of $69.00, for a total value of $552,000.00. Following the completion of the transaction, the insider now directly owns 80,567 shares in the company, valued at $5,559,123. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Gregory L. Nelson sold 10,000 shares of the stock in a transaction dated Thursday, November 15th. The shares were sold at an average price of $69.00, for a total value of $690,000.00. Following the completion of the transaction, the senior vice president now owns 46,095 shares of the company’s stock, valued at $3,180,555. The disclosure for this sale can be found here. 0.44% of the stock is owned by corporate insiders.
Ameren Corporation operates as a public utility holding company in the United States. It operates through four segments: Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, and Ameren Transmission. The company engages in the rate-regulated electric generation, transmission, and distribution activities; and rate-regulated natural gas distribution and transmission businesses.
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