Vanguard Group Inc. increased its holdings in shares of Ameren Corp (NYSE:AEE) by 2.1% in the second quarter, according to its most recent filing with the SEC. The fund owned 30,022,835 shares of the utilities provider’s stock after acquiring an additional 624,618 shares during the period. Vanguard Group Inc. owned about 12.21% of Ameren worth $2,255,015,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Cornerstone Advisors Inc. lifted its stake in shares of Ameren by 104.9% during the 1st quarter. Cornerstone Advisors Inc. now owns 373 shares of the utilities provider’s stock worth $27,000 after acquiring an additional 191 shares during the last quarter. Interactive Financial Advisors bought a new stake in shares of Ameren during the 1st quarter worth approximately $33,000. SRS Capital Advisors Inc. bought a new stake in shares of Ameren during the 2nd quarter worth approximately $57,000. Kavar Capital Partners LLC bought a new stake in shares of Ameren during the 2nd quarter worth approximately $84,000. Finally, Altshuler Shaham Ltd lifted its stake in shares of Ameren by 102.2% during the 2nd quarter. Altshuler Shaham Ltd now owns 1,219 shares of the utilities provider’s stock worth $92,000 after acquiring an additional 616 shares during the last quarter. 70.90% of the stock is owned by hedge funds and other institutional investors.
NYSE AEE traded up $0.26 on Friday, reaching $78.92. 37,139 shares of the stock traded hands, compared to its average volume of 1,781,023. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.39 and a current ratio of 0.55. The company has a fifty day moving average price of $76.43 and a 200-day moving average price of $74.66. The company has a market cap of $19.06 billion, a price-to-earnings ratio of 23.38, a PEG ratio of 3.73 and a beta of 0.23. Ameren Corp has a 12 month low of $62.06 and a 12 month high of $78.88.
The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Wednesday, September 11th will be given a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date of this dividend is Tuesday, September 10th. Ameren’s dividend payout ratio (DPR) is presently 56.38%.
A number of brokerages recently issued reports on AEE. SunTrust Banks set a $82.00 price target on Ameren and gave the stock a “hold” rating in a research note on Tuesday, September 3rd. Argus raised Ameren from a “hold” rating to a “buy” rating in a research report on Thursday, July 25th. Morgan Stanley lifted their target price on Ameren from $78.00 to $80.00 and gave the company an “equal weight” rating in a research report on Friday, September 6th. Wolfe Research raised Ameren from a “market perform” rating to an “outperform” rating and set a $80.00 target price for the company in a research report on Thursday, September 12th. Finally, KeyCorp assumed coverage on Ameren in a research report on Tuesday, June 4th. They set a “sector weight” rating for the company. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $76.17.
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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