LSV Asset Management grew its stake in shares of Ameren Corp (NYSE:AEE) by 5.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,475,183 shares of the utilities provider’s stock after acquiring an additional 73,800 shares during the quarter. LSV Asset Management’s holdings in Ameren were worth $108,499,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently bought and sold shares of AEE. Oregon Public Employees Retirement Fund raised its stake in Ameren by 6,342.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,701,785 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 1,675,368 shares during the last quarter. Berman Capital Advisors LLC acquired a new stake in shares of Ameren during the 4th quarter worth about $27,000. Cornerstone Advisors Inc. boosted its holdings in Ameren by 104.9% during the 1st quarter. Cornerstone Advisors Inc. now owns 373 shares of the utilities provider’s stock valued at $27,000 after acquiring an additional 191 shares during the period. Bremer Trust National Association purchased a new position in Ameren during the 4th quarter valued at about $31,000. Finally, Interactive Financial Advisors purchased a new position in Ameren during the 1st quarter valued at about $33,000. Hedge funds and other institutional investors own 71.72% of the company’s stock.
NYSE:AEE opened at $74.71 on Monday. The company has a market capitalization of $18.35 billion, a PE ratio of 22.17, a P/E/G ratio of 3.67 and a beta of 0.27. The company has a current ratio of 0.59, a quick ratio of 0.43 and a debt-to-equity ratio of 1.05. Ameren Corp has a 12-month low of $55.21 and a 12-month high of $75.00.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Wednesday, June 12th will be paid a $0.475 dividend. The ex-dividend date of this dividend is Tuesday, June 11th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 2.54%. Ameren’s dividend payout ratio (DPR) is presently 56.38%.
A number of equities analysts recently commented on AEE shares. Wells Fargo & Co raised their target price on Ameren from $73.00 to $77.00 and gave the company an “outperform” rating in a report on Monday, February 11th. Morgan Stanley lifted their price objective on Ameren from $66.00 to $69.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 12th. Zacks Investment Research cut Ameren from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 13th. Finally, ValuEngine cut Ameren from a “buy” rating to a “hold” rating in a research note on Thursday, April 4th. Seven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $68.43.
In other Ameren news, SVP Gregory L. Nelson sold 29,548 shares of the business’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $70.84, for a total transaction of $2,093,180.32. Following the sale, the senior vice president now directly owns 37,268 shares in the company, valued at $2,640,065.12. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Warner L. Baxter sold 41,090 shares of the business’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $70.77, for a total value of $2,907,939.30. Following the sale, the chief executive officer now owns 364,913 shares in the company, valued at $25,824,893.01. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 121,873 shares of company stock worth $8,639,431. Company insiders own 0.52% of the company’s stock.
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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