Texas Permanent School Fund Corp grew its stake in shares of Ameren Co. (NYSE:AEE – Free Report) by 46.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 52,952 shares of the utilities provider’s stock after buying an additional 16,830 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Ameren were worth $4,575,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Quent Capital LLC grew its stake in shares of Ameren by 14.1% in the fourth quarter. Quent Capital LLC now owns 1,019 shares of the utilities provider’s stock worth $91,000 after acquiring an additional 126 shares during the period. Toroso Investments LLC grew its position in Ameren by 4.9% during the fourth quarter. Toroso Investments LLC now owns 3,059 shares of the utilities provider’s stock valued at $272,000 after buying an additional 142 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in Ameren by 0.6% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 23,298 shares of the utilities provider’s stock valued at $2,072,000 after buying an additional 149 shares during the period. Whittier Trust Co. grew its position in Ameren by 7.9% during the fourth quarter. Whittier Trust Co. now owns 2,046 shares of the utilities provider’s stock valued at $182,000 after buying an additional 150 shares during the period. Finally, Edmonds Duncan Registered Investment Advisors LLC grew its position in Ameren by 2.5% during the first quarter. Edmonds Duncan Registered Investment Advisors LLC now owns 6,132 shares of the utilities provider’s stock valued at $530,000 after buying an additional 150 shares during the period. Hedge funds and other institutional investors own 77.63% of the company’s stock.
Ameren Price Performance
AEE stock opened at $88.29 on Monday. Ameren Co. has a one year low of $73.28 and a one year high of $97.53. The company’s fifty day moving average price is $83.01 and its 200-day moving average price is $85.47. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.52 and a current ratio of 0.75. The company has a market capitalization of $23.19 billion, a PE ratio of 21.17, a price-to-earnings-growth ratio of 3.15 and a beta of 0.43.
Ameren Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, June 30th. Investors of record on Wednesday, June 14th were paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date was Tuesday, June 13th. Ameren’s payout ratio is 60.43%.
Insider Activity at Ameren
In related news, CFO Michael L. Moehn sold 3,080 shares of the company’s stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $81.12, for a total transaction of $249,849.60. Following the sale, the chief financial officer now owns 164,179 shares of the company’s stock, valued at $13,318,200.48. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CFO Michael L. Moehn sold 3,080 shares of the company’s stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $81.12, for a total transaction of $249,849.60. Following the sale, the chief financial officer now owns 164,179 shares of the company’s stock, valued at $13,318,200.48. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Fadi M. Diya sold 36,940 shares of the company’s stock in a transaction on Tuesday, June 13th. The shares were sold at an average price of $82.37, for a total transaction of $3,042,747.80. Following the sale, the senior vice president now directly owns 57,676 shares in the company, valued at approximately $4,750,772.12. The disclosure for this sale can be found here. 0.42% of the stock is owned by insiders.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on AEE. Wells Fargo & Company boosted their target price on shares of Ameren from $97.00 to $101.00 and gave the company an “overweight” rating in a research report on Monday, April 10th. KeyCorp boosted their target price on shares of Ameren from $90.00 to $91.00 and gave the company an “overweight” rating in a research report on Wednesday, July 19th. Guggenheim dropped their price target on shares of Ameren from $89.00 to $85.00 in a research report on Friday, July 7th. Morgan Stanley upped their price target on shares of Ameren from $86.00 to $88.00 and gave the stock an “equal weight” rating in a research report on Friday. Finally, JPMorgan Chase & Co. dropped their price target on shares of Ameren from $102.00 to $92.00 in a research report on Tuesday, June 13th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $92.63.
Ameren Profile
Ameren Corporation, together with its subsidiaries, operates as a public utility holding company in the United States. The company operates through four segments: Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, and Ameren Transmission. It engages in the rate-regulated electric generation, transmission, and distribution activities; and rate-regulated natural gas distribution and transmission businesses.
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