Mutual of America Capital Management LLC Has $6.65 Million Position in Ameren Co. (NYSE:AEE)

Mutual of America Capital Management LLC increased its holdings in Ameren Co. (NYSE:AEE) by 6.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 76,037 shares of the utilities provider’s stock after purchasing an additional 4,378 shares during the period. Mutual of America Capital Management LLC’s holdings in Ameren were worth $6,650,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Metis Global Partners LLC lifted its position in shares of Ameren by 1.5% during the 3rd quarter. Metis Global Partners LLC now owns 8,513 shares of the utilities provider’s stock worth $745,000 after buying an additional 124 shares during the period. Kentucky Retirement Systems boosted its stake in shares of Ameren by 0.6% in the 2nd quarter. Kentucky Retirement Systems now owns 20,095 shares of the utilities provider’s stock valued at $1,429,000 after purchasing an additional 126 shares in the last quarter. NorthRock Partners LLC boosted its stake in shares of Ameren by 4.2% in the 3rd quarter. NorthRock Partners LLC now owns 3,107 shares of the utilities provider’s stock valued at $272,000 after purchasing an additional 126 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. grew its holdings in shares of Ameren by 1.4% in the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 9,803 shares of the utilities provider’s stock worth $697,000 after purchasing an additional 135 shares during the last quarter. Finally, Empirical Finance LLC increased its position in shares of Ameren by 2.2% during the 3rd quarter. Empirical Finance LLC now owns 8,880 shares of the utilities provider’s stock worth $777,000 after purchasing an additional 192 shares in the last quarter. 79.09% of the stock is owned by institutional investors and hedge funds.

Ameren Stock Performance

Shares of NYSE:AEE opened at $92.09 on Wednesday. The firm’s 50 day simple moving average is $87.45 and its 200 day simple moving average is $79.93. Ameren Co. has a fifty-two week low of $67.03 and a fifty-two week high of $92.77. The company has a market capitalization of $24.58 billion, a price-to-earnings ratio of 21.67, a P/E/G ratio of 3.00 and a beta of 0.45. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.63 and a quick ratio of 0.41.

Ameren Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Wednesday, December 11th will be given a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date is Wednesday, December 11th. Ameren’s dividend payout ratio is currently 63.06%.

Insider Buying and Selling

In related news, EVP Chonda J. Nwamu sold 1,610 shares of the stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $81.94, for a total transaction of $131,923.40. Following the completion of the sale, the executive vice president now directly owns 44,432 shares of the company’s stock, valued at approximately $3,640,758.08. This represents a 3.50 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.42% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on AEE. Mizuho raised Ameren from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $82.00 to $89.00 in a report on Monday, September 16th. Jefferies Financial Group initiated coverage on Ameren in a research note on Thursday, September 19th. They issued a “buy” rating and a $97.00 target price for the company. Bank of America upped their price target on shares of Ameren from $86.00 to $87.00 and gave the stock a “neutral” rating in a research report on Thursday, August 29th. Argus upgraded shares of Ameren to a “strong-buy” rating in a research report on Thursday, September 19th. Finally, BMO Capital Markets upped their target price on shares of Ameren from $84.00 to $87.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 6th. One research analyst has rated the stock with a sell rating, six have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $87.80.

Ameren Company 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.