Canada Pension Plan Investment Board Boosts Stock Position in Ameren Co. (NYSE:AEE)

Canada Pension Plan Investment Board raised its holdings in Ameren Co. (NYSE:AEEFree Report) by 86.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 253,606 shares of the utilities provider’s stock after buying an additional 117,600 shares during the quarter. Canada Pension Plan Investment Board owned about 0.10% of Ameren worth $18,977,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Penserra Capital Management LLC acquired a new stake in Ameren in the first quarter valued at approximately $25,000. Dark Forest Capital Management LP acquired a new stake in Ameren in the first quarter valued at approximately $27,000. Impact Partnership Wealth LLC acquired a new stake in Ameren in the third quarter valued at approximately $25,000. Janiczek Wealth Management LLC boosted its stake in shares of Ameren by 218.2% in the third quarter. Janiczek Wealth Management LLC now owns 350 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 240 shares during the last quarter. Finally, Kistler Tiffany Companies LLC acquired a new stake in shares of Ameren in the second quarter worth approximately $36,000. 77.77% of the stock is owned by institutional investors and hedge funds.

Ameren Price Performance

AEE stock opened at $68.70 on Monday. The company has a current ratio of 0.52, a quick ratio of 0.33 and a debt-to-equity ratio of 1.24. The company has a market capitalization of $18.06 billion, a PE ratio of 15.61, a P/E/G ratio of 2.54 and a beta of 0.43. Ameren Co. has a 12-month low of $67.32 and a 12-month high of $91.18. The business’s fifty day moving average price is $72.39 and its 200 day moving average price is $76.29.

Ameren Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Wednesday, March 13th will be paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 3.90%. This is a boost from Ameren’s previous quarterly dividend of $0.63. Ameren’s payout ratio is presently 57.27%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on AEE. Mizuho lowered their price target on Ameren from $77.00 to $72.00 and set a “neutral” rating on the stock in a research note on Monday, December 18th. Evercore ISI lowered Ameren from an “outperform” rating to an “in-line” rating in a research note on Friday, December 15th. Barclays lifted their price target on Ameren from $71.00 to $72.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 17th. Morgan Stanley lifted their price target on Ameren from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 21st. Finally, JPMorgan Chase & Co. downgraded Ameren from an “overweight” rating to a “neutral” rating in a research report on Monday, December 18th. Eight analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Ameren presently has an average rating of “Hold” and a consensus price target of $82.33.

View Our Latest Report on AEE

Insider Buying and Selling

In other news, Director Rafael Flores sold 1,500 shares of the company’s stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $77.65, for a total transaction of $116,475.00. Following the completion of the transaction, the director now directly owns 13,007 shares of the company’s stock, valued at approximately $1,009,993.55. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, Director Rafael Flores sold 1,500 shares of the business’s stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $77.65, for a total value of $116,475.00. Following the completion of the sale, the director now directly owns 13,007 shares of the company’s stock, valued at approximately $1,009,993.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Michael L. Moehn sold 3,244 shares of the business’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $77.28, for a total value of $250,696.32. Following the completion of the sale, the chief financial officer now directly owns 198,937 shares of the company’s stock, valued at $15,373,851.36. The disclosure for this sale can be found here. 0.42% of the stock is currently owned by insiders.

Ameren Profile

(Free Report)

Ameren Corporation, together with its subsidiaries, operates as a public utility holding company in the United States. The company operates through four segments: Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, and Ameren Transmission. It engages in the rate-regulated electric generation, transmission, and distribution activities; and rate-regulated natural gas distribution and transmission businesses.

See Also

Institutional Ownership by Quarter for Ameren (NYSE:AEE)

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