First Trust Advisors LP raised its position in Ameren Corp (NYSE:AEE) by 3.8% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 603,794 shares of the utilities provider’s stock after acquiring an additional 22,174 shares during the period. First Trust Advisors LP’s holdings in Ameren were worth $38,172,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently added to or reduced their stakes in AEE. Dimensional Fund Advisors LP lifted its stake in shares of Ameren by 0.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 577,016 shares of the utilities provider’s stock worth $32,676,000 after acquiring an additional 2,100 shares during the period. LPL Financial LLC lifted its stake in shares of Ameren by 21.7% in the 1st quarter. LPL Financial LLC now owns 26,438 shares of the utilities provider’s stock worth $1,497,000 after acquiring an additional 4,712 shares during the period. Clinton Group Inc. lifted its stake in shares of Ameren by 34.9% in the 2nd quarter. Clinton Group Inc. now owns 17,013 shares of the utilities provider’s stock worth $1,035,000 after acquiring an additional 4,402 shares during the period. IFM Investors Pty Ltd lifted its stake in shares of Ameren by 40.8% in the 2nd quarter. IFM Investors Pty Ltd now owns 11,445 shares of the utilities provider’s stock worth $696,000 after acquiring an additional 3,316 shares during the period. Finally, CENTRAL TRUST Co lifted its stake in shares of Ameren by 8.0% in the 2nd quarter. CENTRAL TRUST Co now owns 42,588 shares of the utilities provider’s stock worth $2,592,000 after acquiring an additional 3,171 shares during the period. Institutional investors own 70.72% of the company’s stock.
Shares of NYSE AEE opened at $64.58 on Thursday. The company has a quick ratio of 0.45, a current ratio of 0.62 and a debt-to-equity ratio of 1.01. Ameren Corp has a 52 week low of $51.89 and a 52 week high of $67.23. The stock has a market capitalization of $15.86 billion, a P/E ratio of 22.82, a P/E/G ratio of 3.07 and a beta of 0.20.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 31st. Shareholders of record on Wednesday, December 12th will be issued a dividend of $0.475 per share. This is an increase from Ameren’s previous quarterly dividend of $0.46. This represents a $1.90 annualized dividend and a yield of 2.94%. The ex-dividend date is Tuesday, December 11th. Ameren’s dividend payout ratio (DPR) is 64.66%.
Several analysts recently commented on AEE shares. ValuEngine upgraded shares of Ameren from a “hold” rating to a “buy” rating in a research note on Tuesday, October 9th. Morgan Stanley reduced their price objective on shares of Ameren from $67.00 to $65.00 and set an “equal weight” rating for the company in a research note on Friday, September 21st. Barclays started coverage on shares of Ameren in a research note on Tuesday, July 10th. They issued an “equal weight” rating and a $63.00 price objective for the company. Wolfe Research cut shares of Ameren from an “outperform” rating to a “hold” rating in a research note on Friday, October 26th. Finally, SunTrust Banks started coverage on shares of Ameren in a research note on Wednesday, September 26th. They issued a “hold” rating and a $64.00 price objective for the company. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus 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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