Braun Stacey Associates Inc. lifted its stake in shares of Ameren Corp (NYSE:AEE) by 533.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 120,783 shares of the utilities provider’s stock after purchasing an additional 101,715 shares during the quarter. Braun Stacey Associates Inc.’s holdings in Ameren were worth $7,636,000 at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in the company. Rampart Investment Management Company LLC acquired a new stake in shares of Ameren in the 2nd quarter worth about $150,000. Orrstown Financial Services Inc. acquired a new stake in shares of Ameren in the 2nd quarter worth about $152,000. Bronfman E.L. Rothschild L.P. raised its holdings in shares of Ameren by 274.3% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,553 shares of the utilities provider’s stock worth $155,000 after acquiring an additional 1,871 shares during the last quarter. Centaurus Financial Inc. acquired a new stake in shares of Ameren in the 2nd quarter worth about $166,000. Finally, Piedmont Investment Advisors LLC acquired a new stake in shares of Ameren in the 2nd quarter worth about $174,000. 70.72% of the stock is currently owned by institutional investors.
NYSE:AEE opened at $65.20 on Tuesday. The company has a quick ratio of 0.45, a current ratio of 0.62 and a debt-to-equity ratio of 1.01. The stock has a market capitalization of $15.72 billion, a price-to-earnings ratio of 23.04, a PEG ratio of 3.04 and a beta of 0.20. Ameren Corp has a 52 week low of $51.89 and a 52 week high of $67.23.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 31st. Shareholders of record on Wednesday, December 12th will be paid a $0.475 dividend. This is a positive change from Ameren’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Tuesday, December 11th. This represents a $1.90 annualized dividend and a yield of 2.91%. Ameren’s dividend payout ratio (DPR) is 64.66%.
A number of research firms recently weighed in on AEE. Barclays began coverage on shares of Ameren in a report on Tuesday, July 10th. They issued an “equal weight” rating and a $63.00 target price on the stock. Morgan Stanley upped their target price on shares of Ameren from $57.00 to $62.00 and gave the stock a “hold” rating in a report on Monday, July 16th. SunTrust Banks began coverage on shares of Ameren in a report on Wednesday, September 26th. They issued a “hold” rating and a $64.00 target price on the stock. ValuEngine upgraded shares of Ameren from a “hold” rating to a “buy” rating in a report on Tuesday, October 9th. Finally, Wolfe Research lowered shares of Ameren from an “outperform” rating to a “hold” rating in a report on Friday. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Ameren currently has an average rating of “Buy” and an average price target of $64.88.
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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