UBS Group AG Increases Stock Position in Ameren Corporation $AEE
by Jessica Moore · The Cerbat GemUBS Group AG lifted its holdings in Ameren Corporation (NYSE:AEE – Free Report) by 4.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 973,193 shares of the utilities provider’s stock after acquiring an additional 43,821 shares during the quarter. UBS Group AG’s holdings in Ameren were worth $97,183,000 as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of AEE. JPMorgan Chase & Co. lifted its position in shares of Ameren by 68.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,080,775 shares of the utilities provider’s stock worth $425,951,000 after purchasing an additional 1,661,019 shares during the period. ANTIPODES PARTNERS Ltd lifted its position in Ameren by 104,698.0% during the third quarter. ANTIPODES PARTNERS Ltd now owns 1,370,758 shares of the utilities provider’s stock valued at $143,091,000 after acquiring an additional 1,369,450 shares during the last quarter. Homestead Advisers Corp purchased a new stake in Ameren during the third quarter valued at approximately $76,614,000. Assenagon Asset Management S.A. lifted its position in Ameren by 9,966.5% during the fourth quarter. Assenagon Asset Management S.A. now owns 518,725 shares of the utilities provider’s stock valued at $51,800,000 after acquiring an additional 513,572 shares during the last quarter. Finally, Reaves W H & Co. Inc. lifted its position in Ameren by 112.4% during the third quarter. Reaves W H & Co. Inc. now owns 964,012 shares of the utilities provider’s stock valued at $100,624,000 after acquiring an additional 510,192 shares during the last quarter. Hedge funds and other institutional investors own 79.09% of the company’s stock.
Analysts Set New Price Targets
AEE has been the subject of a number of analyst reports. UBS Group increased their target price on shares of Ameren from $125.00 to $127.00 and gave the company a “buy” rating in a research report on Friday, February 20th. Weiss Ratings cut shares of Ameren from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, April 24th. Royal Bank Of Canada reissued a “sector perform” rating and set a $116.00 target price on shares of Ameren in a research report on Friday, January 23rd. BMO Capital Markets increased their target price on shares of Ameren from $112.00 to $120.00 and gave the company an “outperform” rating in a research report on Friday, February 13th. Finally, Truist Financial initiated coverage on shares of Ameren in a research report on Monday, April 20th. They set a “buy” rating and a $126.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $117.31.
Get Our Latest Research Report on AEE
Insider Activity
In other Ameren news, insider Michael L. Moehn sold 6,500 shares of the firm’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $103.60, for a total value of $673,400.00. Following the completion of the transaction, the insider owned 193,076 shares of the company’s stock, valued at approximately $20,002,673.60. This trade represents a 3.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.29% of the company’s stock.
Ameren Trading Down 0.0%
NYSE AEE opened at $113.63 on Friday. The company has a fifty day simple moving average of $111.07 and a two-hundred day simple moving average of $105.81. The stock has a market cap of $31.43 billion, a P/E ratio of 21.24, a P/E/G ratio of 2.30 and a beta of 0.50. Ameren Corporation has a 12-month low of $93.27 and a 12-month high of $115.59. The company has a current ratio of 0.66, a quick ratio of 0.46 and a debt-to-equity ratio of 1.35.
Ameren (NYSE:AEE – Get Free Report) last posted its quarterly earnings results on Wednesday, February 11th. The utilities provider reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.01. The business had revenue of $1.78 billion during the quarter, compared to analysts’ expectations of $1.69 billion. Ameren had a net margin of 16.55% and a return on equity of 10.69%. The business’s quarterly revenue was down 8.2% on a year-over-year basis. During the same quarter last year, the company posted $0.77 earnings per share. On average, analysts forecast that Ameren Corporation will post 5.32 earnings per share for the current year.
Ameren Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 10th were issued a $0.75 dividend. This is an increase from Ameren’s previous quarterly dividend of $0.71. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend was Tuesday, March 10th. Ameren’s dividend payout ratio is 56.07%.
Ameren Company Profile
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.
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