Moors & Cabot Inc. raised its position in Ameren Co. (NYSE:AEE – Free Report) by 16.4% in the 4th quarter, Holdings Channel reports. The fund owned 4,993 shares of the utilities provider’s stock after purchasing an additional 702 shares during the period. Moors & Cabot Inc.’s holdings in Ameren were worth $445,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in AEE. Janney Montgomery Scott LLC increased its stake in Ameren by 13.5% during the 3rd quarter. Janney Montgomery Scott LLC now owns 8,566 shares of the utilities provider’s stock worth $749,000 after buying an additional 1,021 shares during the period. Assetmark Inc. grew its stake in shares of Ameren by 6.9% during the third quarter. Assetmark Inc. now owns 4,196 shares of the utilities provider’s stock valued at $367,000 after acquiring an additional 272 shares in the last quarter. Entropy Technologies LP purchased a new stake in shares of Ameren during the third quarter worth about $320,000. Oppenheimer & Co. Inc. lifted its stake in shares of Ameren by 21.7% in the third quarter. Oppenheimer & Co. Inc. now owns 5,231 shares of the utilities provider’s stock worth $458,000 after acquiring an additional 934 shares in the last quarter. Finally, Metis Global Partners LLC boosted its holdings in Ameren by 1.5% in the third quarter. Metis Global Partners LLC now owns 8,513 shares of the utilities provider’s stock valued at $745,000 after purchasing an additional 124 shares during the last quarter. Hedge funds and other institutional investors own 79.09% of the company’s stock.
Insider Activity
In other news, EVP Chonda J. Nwamu sold 5,500 shares of the firm’s stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $101.37, for a total transaction of $557,535.00. Following the transaction, the executive vice president now directly owns 43,344 shares of the company’s stock, valued at approximately $4,393,781.28. This trade represents a 11.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Craig S. Ivey sold 2,716 shares of the company’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $98.27, for a total transaction of $266,901.32. Following the completion of the sale, the director now directly owns 14,495 shares of the company’s stock, valued at $1,424,423.65. The trade was a 15.78 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,959 shares of company stock valued at $1,316,712. 0.42% of the stock is currently owned by company insiders.
Wall Street Analysts Forecast Growth
View Our Latest Stock Report on AEE
Ameren Price Performance
Shares of NYSE:AEE opened at $99.26 on Friday. The company has a market cap of $26.79 billion, a PE ratio of 22.46, a P/E/G ratio of 2.97 and a beta of 0.48. Ameren Co. has a fifty-two week low of $69.39 and a fifty-two week high of $104.10. The firm has a 50-day simple moving average of $95.77 and a 200 day simple moving average of $90.90. The company has a quick ratio of 0.44, a current ratio of 0.66 and a debt-to-equity ratio of 1.41.
Ameren (NYSE:AEE – Get Free Report) last posted its earnings results on Thursday, February 13th. The utilities provider reported $0.77 EPS for the quarter, missing the consensus estimate of $0.83 by ($0.06). Ameren had a net margin of 15.51% and a return on equity of 10.34%. During the same period in the prior year, the business earned $0.60 EPS. On average, sell-side analysts anticipate that Ameren Co. will post 4.93 EPS for the current year.
Ameren Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Tuesday, March 11th will be paid a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a yield of 2.86%. This is a boost from Ameren’s previous quarterly dividend of $0.67. The ex-dividend date is Tuesday, March 11th. Ameren’s dividend payout ratio (DPR) is presently 64.25%.
Ameren Profile
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 business.
Featured Articles
- Five stocks we like better than Ameren
- Earnings Per Share Calculator: How to Calculate EPS
- Ignore Reports, Apple Won’t Install Starlink with iOS 18.3
- Where to Find Earnings Call Transcripts
- Casey’s Uptrend Remains Strong—New Highs on the Horizon
- Stock Market Upgrades: What Are They?
- Taiwan Semiconductor’s Huge U.S. Move—Stock Impact Ahead
Want to see what other hedge funds are holding AEE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ameren Co. (NYSE:AEE – Free Report).
Receive News & Ratings for Ameren Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ameren and related companies with MarketBeat.com's FREE daily email newsletter.