Magellan Asset Management Ltd Boosts Holdings in Ameren Corp (NYSE:AEE)
Magellan Asset Management Ltd lifted its holdings in shares of Ameren Corp (NYSE:AEE) by 13.1% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 191,942 shares of the utilities provider’s stock after acquiring an additional 22,295 shares during the period. Magellan Asset Management Ltd’s holdings in Ameren were worth $14,117,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of AEE. Oregon Public Employees Retirement Fund grew its position in shares of Ameren by 6,342.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,701,785 shares of the utilities provider’s stock worth $26,000 after buying an additional 1,675,368 shares during the period. LSV Asset Management grew its position in shares of Ameren by 179.9% during the 4th quarter. LSV Asset Management now owns 1,401,383 shares of the utilities provider’s stock worth $91,412,000 after buying an additional 900,700 shares during the period. Janus Henderson Group PLC grew its position in shares of Ameren by 44.8% during the 1st quarter. Janus Henderson Group PLC now owns 2,893,280 shares of the utilities provider’s stock worth $212,800,000 after buying an additional 895,229 shares during the period. Vanguard Group Inc grew its position in shares of Ameren by 2.6% during the 3rd quarter. Vanguard Group Inc now owns 27,179,627 shares of the utilities provider’s stock worth $1,718,295,000 after buying an additional 687,592 shares during the period. Finally, Amundi Pioneer Asset Management Inc. grew its position in shares of Ameren by 58.2% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 1,502,843 shares of the utilities provider’s stock worth $98,029,000 after buying an additional 552,964 shares during the period. Institutional investors own 71.92% of the company’s stock.
NYSE AEE traded up $1.09 during trading on Wednesday, reaching $76.02. 30,590 shares of the stock traded hands, compared to its average volume of 1,349,257. The stock has a market cap of $18.66 billion, a P/E ratio of 22.55, a P/E/G ratio of 3.71 and a beta of 0.27. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.43 and a current ratio of 0.59. Ameren Corp has a fifty-two week low of $55.21 and a fifty-two week high of $77.55.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Wednesday, June 12th will be issued a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date is Tuesday, June 11th. Ameren’s dividend payout ratio is currently 56.38%.
In related news, insider Shawn E. Schukar sold 1,200 shares of the business’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $75.27, for a total transaction of $90,324.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.52% of the stock is currently owned by insiders.
Several equities research analysts have recently commented on AEE shares. ValuEngine upgraded shares of Ameren from a “hold” rating to a “buy” rating in a research report on Monday, May 13th. Morgan Stanley lifted their price target on shares of Ameren from $66.00 to $69.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 12th. Zacks Investment Research cut shares of Ameren from a “buy” rating to a “hold” rating in a research report on Wednesday, March 6th. Finally, KeyCorp started coverage on shares of Ameren in a research report on Tuesday, June 4th. They set a “sector weight” rating for the company. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $70.40.
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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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