Mirae Asset Global Investments Co. Ltd. Has $4.45 Million Position in Ameren Corporation $AEE

by · The Cerbat Gem

Mirae Asset Global Investments Co. Ltd. raised its holdings in Ameren Corporation (NYSE:AEEFree Report) by 23.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 44,594 shares of the utilities provider’s stock after acquiring an additional 8,337 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Ameren were worth $4,453,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AEE. JPMorgan Chase & Co. increased its stake in Ameren by 68.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,080,775 shares of the utilities provider’s stock valued at $425,951,000 after buying an additional 1,661,019 shares during the last quarter. ANTIPODES PARTNERS Ltd increased its stake in Ameren by 104,698.0% in the 3rd quarter. ANTIPODES PARTNERS Ltd now owns 1,370,758 shares of the utilities provider’s stock valued at $143,091,000 after buying an additional 1,369,450 shares during the last quarter. Homestead Advisers Corp acquired a new stake in Ameren in the 3rd quarter valued at $76,614,000. Assenagon Asset Management S.A. increased its stake in Ameren by 9,966.5% in the 4th quarter. Assenagon Asset Management S.A. now owns 518,725 shares of the utilities provider’s stock valued at $51,800,000 after buying an additional 513,572 shares during the last quarter. Finally, Reaves W H & Co. Inc. increased its stake in Ameren by 112.4% in the 3rd quarter. Reaves W H & Co. Inc. now owns 964,012 shares of the utilities provider’s stock valued at $100,624,000 after buying an additional 510,192 shares during the last quarter. 79.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Morgan Stanley reiterated an “overweight” rating on shares of Ameren in a research note on Tuesday. Mizuho set a $117.00 price target on shares of Ameren in a research note on Friday, February 13th. Truist Financial assumed coverage on shares of Ameren in a research note on Monday. They issued a “buy” rating and a $126.00 price target on the stock. BMO Capital Markets lifted their price target on shares of Ameren from $112.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday, February 13th. Finally, Wall Street Zen lowered shares of Ameren from a “hold” rating to a “sell” rating in a research note on Saturday, April 11th. Nine equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $117.31.

Get Our Latest Stock Report on AEE

Insider Buying and Selling at Ameren

In other news, insider Michael L. Moehn sold 6,500 shares of the business’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $103.60, for a total transaction of $673,400.00. Following the transaction, the insider directly owned 193,076 shares in the company, valued at $20,002,673.60. The trade was a 3.26% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.29% of the stock is owned by corporate insiders.

Ameren Stock Down 1.0%

Ameren stock opened at $110.12 on Wednesday. The firm has a market capitalization of $30.46 billion, a PE ratio of 20.58, a P/E/G ratio of 2.26 and a beta of 0.52. The company’s 50-day moving average is $110.76 and its 200-day moving average is $105.44. Ameren Corporation has a fifty-two week low of $93.27 and a fifty-two week high of $115.53. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.66 and a quick ratio of 0.46.

Ameren (NYSE:AEEGet Free Report) last released its quarterly earnings data on Wednesday, February 11th. The utilities provider reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.01. The company had revenue of $1.78 billion for the quarter, compared to analyst estimates of $1.69 billion. Ameren had a net margin of 16.55% and a return on equity of 10.69%. Ameren’s revenue for the quarter was down 8.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.77 EPS. Sell-side analysts anticipate that Ameren Corporation will post 5.31 earnings per share for the current year.

Ameren Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 10th were paid a dividend of $0.75 per share. The ex-dividend date was Tuesday, March 10th. This represents a $3.00 annualized dividend and a dividend yield of 2.7%. This is a boost from Ameren’s previous quarterly dividend of $0.71. Ameren’s dividend payout ratio (DPR) is presently 56.07%.

Ameren Company Profile

(Free Report)

Ameren Corporation (NYSE: AEE) is an integrated energy company headquartered in St. Louis, Missouri, that provides electric and natural gas delivery and related services in portions of Missouri and Illinois. The company operates regulated utility businesses that serve a broad mix of residential, commercial and industrial customers, and it participates in wholesale energy markets and transmission operations that support reliable service across its service territories.

Ameren’s core activities include generation, transmission and distribution of electricity, distribution of natural gas, and the provision of customer energy solutions such as demand-side management and energy efficiency programs.

Further Reading

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