Aperio Group LLC lifted its holdings in shares of Ameren Corp (NYSE:AEE) by 7.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 110,838 shares of the utilities provider’s stock after purchasing an additional 7,851 shares during the period. Aperio Group LLC’s holdings in Ameren were worth $6,538,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. Moisand Fitzgerald Tamayo LLC bought a new stake in shares of Ameren during the 3rd quarter valued at about $116,000. Cable Hill Partners LLC boosted its position in shares of Ameren by 400.2% during the 3rd quarter. Cable Hill Partners LLC now owns 2,031 shares of the utilities provider’s stock valued at $117,000 after purchasing an additional 1,625 shares in the last quarter. Cerebellum GP LLC bought a new stake in shares of Ameren during the 4th quarter valued at about $123,000. Acropolis Investment Management LLC boosted its position in shares of Ameren by 101.9% during the 4th quarter. Acropolis Investment Management LLC now owns 3,392 shares of the utilities provider’s stock valued at $200,000 after purchasing an additional 1,712 shares in the last quarter. Finally, Seizert Capital Partners LLC bought a new stake in shares of Ameren during the 3rd quarter valued at about $201,000. Institutional investors own 69.99% of the company’s stock.
Several equities research analysts recently commented on the company. UBS Group assumed coverage on Ameren in a research report on Friday, February 2nd. They set a “neutral” rating and a $57.00 target price on the stock. Zacks Investment Research upgraded Ameren from a “sell” rating to a “hold” rating in a research report on Tuesday, November 7th. Bank of America assumed coverage on Ameren in a research report on Tuesday, October 24th. They set a “neutral” rating and a $62.00 target price on the stock. ValuEngine upgraded Ameren from a “hold” rating to a “buy” rating in a report on Wednesday, November 15th. Finally, KeyCorp reiterated a “hold” rating on shares of Ameren in a report on Friday, October 20th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $57.80.
Ameren Corp (AEE) opened at $55.07 on Tuesday. The stock has a market capitalization of $13,320.00, a P/E ratio of 21.85, a price-to-earnings-growth ratio of 2.60 and a beta of 0.28. The company has a quick ratio of 0.40, a current ratio of 0.61 and a debt-to-equity ratio of 0.92. Ameren Corp has a fifty-two week low of $51.81 and a fifty-two week high of $64.89.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Wednesday, March 14th will be issued a $0.4575 dividend. The ex-dividend date of this dividend is Tuesday, March 13th. This represents a $1.83 annualized dividend and a yield of 3.32%. Ameren’s payout ratio is currently 72.62%.
In other Ameren news, SVP Gregory L. Nelson sold 12,000 shares of the stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $62.68, for a total value of $752,160.00. Following the transaction, the senior vice president now owns 36,785 shares in the company, valued at $2,305,683.80. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.38% of the stock is currently owned by corporate 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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