BB&T Corp boosted its stake in Ameren Corp (NYSE:AEE) by 11.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,412 shares of the utilities provider’s stock after buying an additional 1,269 shares during the quarter. BB&T Corp’s holdings in Ameren were worth $732,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Vident Investment Advisory LLC increased its holdings in shares of Ameren by 21.4% during the 3rd quarter. Vident Investment Advisory LLC now owns 52,517 shares of the utilities provider’s stock worth $3,038,000 after buying an additional 9,275 shares during the last quarter. QUANTRES ASSET MANAGEMENT Ltd acquired a new stake in Ameren in the 4th quarter valued at approximately $1,068,000. AXA boosted its position in Ameren by 46.8% in the 3rd quarter. AXA now owns 150,896 shares of the utilities provider’s stock valued at $8,727,000 after buying an additional 48,083 shares during the period. Hexavest Inc. boosted its position in Ameren by 2.0% in the 4th quarter. Hexavest Inc. now owns 423,357 shares of the utilities provider’s stock valued at $24,974,000 after buying an additional 8,495 shares during the period. Finally, Magnetar Financial LLC purchased a new position in Ameren in the 3rd quarter valued at approximately $838,000. 69.99% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts have commented on the stock. ValuEngine raised shares of Ameren from a “hold” rating to a “buy” rating in a research report on Wednesday, November 15th. Zacks Investment Research raised shares of Ameren from a “sell” rating to a “hold” rating in a research report on Tuesday, November 7th. Bank of America assumed coverage on shares of Ameren in a research report on Tuesday, October 24th. They issued a “neutral” rating and a $62.00 price target for the company. KeyCorp restated a “hold” rating on shares of Ameren in a research note on Friday, October 20th. Finally, Morgan Stanley lowered shares of Ameren from an “equal weight” rating to an “underweight” rating and set a $61.00 price target on the stock. in a research note on Wednesday, December 13th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $56.20.
In related news, SVP Gregory L. Nelson sold 12,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $62.68, for a total transaction of $752,160.00. Following the completion of the transaction, the senior vice president now owns 36,785 shares of the company’s stock, valued at $2,305,683.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.38% of the company’s stock.
Shares of Ameren Corp (AEE) traded down $0.35 on Tuesday, hitting $54.72. 236,573 shares of the company traded hands, compared to its average volume of 1,780,301. Ameren Corp has a fifty-two week low of $51.81 and a fifty-two week high of $64.89. The company has a quick ratio of 0.40, a current ratio of 0.61 and a debt-to-equity ratio of 0.92. The stock has a market capitalization of $13,446.82, a P/E ratio of 21.85, a price-to-earnings-growth ratio of 2.60 and a beta of 0.28.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Wednesday, March 14th will be given a dividend of $0.4575 per share. This represents a $1.83 annualized dividend and a yield of 3.34%. The ex-dividend date of this dividend is Tuesday, March 13th. Ameren’s dividend payout ratio (DPR) is 72.62%.
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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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