Swiss National Bank Has $80.43 Million Stake in Ameren Corp (AEE)
Swiss National Bank boosted its stake in Ameren Corp (NYSE:AEE) by 35.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,363,493 shares of the utilities provider’s stock after acquiring an additional 360,000 shares during the period. Swiss National Bank’s holdings in Ameren were worth $80,432,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently bought and sold shares of AEE. APG Asset Management N.V. raised its holdings in Ameren by 463.6% in the third quarter. APG Asset Management N.V. now owns 3,462,798 shares of the utilities provider’s stock valued at $200,288,000 after acquiring an additional 2,848,400 shares in the last quarter. Canada Pension Plan Investment Board raised its holdings in Ameren by 452.5% in the third quarter. Canada Pension Plan Investment Board now owns 678,763 shares of the utilities provider’s stock valued at $39,260,000 after acquiring an additional 555,900 shares in the last quarter. Wells Fargo & Company MN raised its holdings in Ameren by 12.9% in the third quarter. Wells Fargo & Company MN now owns 4,478,768 shares of the utilities provider’s stock valued at $259,053,000 after acquiring an additional 511,854 shares in the last quarter. Janus Henderson Group PLC raised its holdings in Ameren by 15.1% in the third quarter. Janus Henderson Group PLC now owns 2,244,596 shares of the utilities provider’s stock valued at $129,828,000 after acquiring an additional 293,658 shares in the last quarter. Finally, Teacher Retirement System of Texas raised its holdings in Ameren by 162.6% in the fourth quarter. Teacher Retirement System of Texas now owns 353,744 shares of the utilities provider’s stock valued at $20,867,000 after acquiring an additional 219,013 shares in the last quarter. 69.99% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts recently issued reports on the stock. Morgan Stanley set a $53.00 price target on shares of Ameren and gave the company a “sell” rating in a report on Tuesday. Zacks Investment Research cut shares of Ameren from a “hold” rating to a “sell” rating in a report on Wednesday, February 7th. UBS Group assumed coverage on shares of Ameren in a report on Friday, February 2nd. They issued a “neutral” rating and a $57.00 price target on the stock. KeyCorp reaffirmed a “hold” rating on shares of Ameren in a report on Friday, October 20th. Finally, ValuEngine raised shares of Ameren from a “hold” rating to a “buy” rating in a report on Wednesday, November 15th. Two analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a strong buy rating to the company. Ameren presently has a consensus rating of “Hold” and an average price target of $56.20.
Shares of Ameren Corp (AEE) opened at $55.25 on Wednesday. The firm has a market cap of $13,361.90, a price-to-earnings ratio of 21.92, a price-to-earnings-growth ratio of 2.58 and a beta of 0.28. Ameren Corp has a twelve month low of $51.81 and a twelve month high of $64.89. The company has a current ratio of 0.61, a quick ratio of 0.40 and a debt-to-equity ratio of 0.92.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Wednesday, March 14th will be issued a dividend of $0.4575 per share. The ex-dividend date of this dividend is Tuesday, March 13th. This represents a $1.83 dividend on an annualized basis and a dividend yield of 3.31%. 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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