Public Sector Pension Investment Board Increases Stock Holdings in Ameren Co. (NYSE:AEE)

Public Sector Pension Investment Board raised its stake in shares of Ameren Co. (NYSE:AEE) by 2.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 46,542 shares of the utilities provider’s stock after purchasing an additional 1,300 shares during the quarter. Public Sector Pension Investment Board’s holdings in Ameren were worth $4,071,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in AEE. Versant Capital Management Inc increased its position in shares of Ameren by 115.3% during the second quarter. Versant Capital Management Inc now owns 366 shares of the utilities provider’s stock valued at $26,000 after buying an additional 196 shares during the period. First Command Advisory Services Inc. bought a new position in shares of Ameren in the 2nd quarter worth approximately $26,000. EverSource Wealth Advisors LLC lifted its stake in shares of Ameren by 227.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 455 shares of the utilities provider’s stock valued at $34,000 after purchasing an additional 316 shares during the period. American National Bank purchased a new position in shares of Ameren in the 2nd quarter valued at approximately $37,000. Finally, Jamison Private Wealth Management Inc. bought a new stake in shares of Ameren during the third quarter valued at approximately $44,000. 79.09% of the stock is currently owned by institutional investors.

Ameren Price Performance

NYSE AEE opened at $92.87 on Tuesday. The stock has a market capitalization of $24.79 billion, a price-to-earnings ratio of 21.85, a PEG ratio of 3.11 and a beta of 0.45. Ameren Co. has a 1-year low of $67.03 and a 1-year high of $95.69. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.63 and a quick ratio of 0.41. The business’s fifty day moving average price is $89.13 and its 200-day moving average price is $81.16.

Ameren Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Wednesday, December 11th will be given a $0.67 dividend. The ex-dividend date of this dividend is Wednesday, December 11th. This represents a $2.68 annualized dividend and a yield of 2.89%. Ameren’s payout ratio is 63.06%.

Insider Buying and Selling at Ameren

In other news, CFO Michael L. Moehn sold 6,500 shares of the business’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $92.15, for a total transaction of $598,975.00. Following the completion of the sale, the chief financial officer now owns 205,171 shares of the company’s stock, valued at $18,906,507.65. The trade was a 3.07 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.42% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on AEE shares. BMO Capital Markets boosted their target price on shares of Ameren from $84.00 to $87.00 and gave the company an “outperform” rating in a report on Tuesday, August 6th. Barclays upped their price objective on shares of Ameren from $77.00 to $88.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Morgan Stanley lowered their target price on shares of Ameren from $88.00 to $86.00 and set an “equal weight” rating for the company in a report on Friday, November 22nd. Argus upgraded Ameren to a “strong-buy” rating in a research note on Thursday, September 19th. Finally, Wells Fargo & Company raised their price objective on Ameren from $91.00 to $96.00 and gave the company an “overweight” rating in a research report on Friday, September 20th. One research analyst has rated the stock with a sell rating, six have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Ameren has a consensus rating of “Moderate Buy” and a consensus target price of $87.78.

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.