Mirae Asset Global Investments Co. Ltd. Has $2.95 Million Holdings in Ameren Co. (NYSE:AEE)

Mirae Asset Global Investments Co. Ltd. increased its holdings in Ameren Co. (NYSE:AEEGet Rating) by 15.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,480 shares of the utilities provider’s stock after acquiring an additional 4,210 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Ameren were worth $2,951,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Signaturefd LLC grew its position in Ameren by 3.2% in the 1st quarter. Signaturefd LLC now owns 4,954 shares of the utilities provider’s stock worth $465,000 after purchasing an additional 154 shares in the last quarter. Lockheed Martin Investment Management Co. bought a new stake in Ameren in the 4th quarter worth about $2,527,000. EverSource Wealth Advisors LLC bought a new stake in Ameren in the 4th quarter worth about $26,000. Envestnet Asset Management Inc. grew its position in Ameren by 6.0% in the 4th quarter. Envestnet Asset Management Inc. now owns 157,105 shares of the utilities provider’s stock worth $13,984,000 after purchasing an additional 8,898 shares in the last quarter. Finally, State Street Corp grew its position in Ameren by 0.6% in the 4th quarter. State Street Corp now owns 12,860,807 shares of the utilities provider’s stock worth $1,144,740,000 after purchasing an additional 76,051 shares in the last quarter. Institutional investors and hedge funds own 75.06% of the company’s stock.

Ameren Stock Up 0.4 %

AEE opened at $95.74 on Thursday. The company has a 50 day moving average of $89.99 and a 200 day moving average of $90.76. The company has a market cap of $24.74 billion, a PE ratio of 24.55, a price-to-earnings-growth ratio of 3.26 and a beta of 0.35. Ameren Co. has a 12 month low of $80.27 and a 12 month high of $99.20. The company has a current ratio of 0.67, a quick ratio of 0.50 and a debt-to-equity ratio of 1.30.

Ameren (NYSE:AEEGet Rating) last released its quarterly earnings data on Thursday, August 4th. The utilities provider reported $0.80 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.07). Ameren had a return on equity of 10.19% and a net margin of 14.49%. The business had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.52 billion. During the same period last year, the business posted $0.80 earnings per share. The firm’s quarterly revenue was up 17.3% on a year-over-year basis. On average, sell-side analysts expect that Ameren Co. will post 4.09 EPS for the current year.

Ameren Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Wednesday, September 7th will be paid a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 2.47%. The ex-dividend date is Tuesday, September 6th. Ameren’s dividend payout ratio is presently 60.51%.

Wall Street Analyst Weigh In

AEE has been the subject of a number of recent analyst reports. Mizuho reduced their price objective on shares of Ameren from $95.00 to $92.00 and set a “neutral” rating for the company in a research report on Friday, July 8th. Morgan Stanley increased their target price on shares of Ameren from $94.00 to $101.00 and gave the company an “equal weight” rating in a research report on Tuesday. UBS Group downgraded shares of Ameren from a “buy” rating to a “neutral” rating and increased their target price for the company from $94.00 to $96.00 in a research report on Thursday, June 30th. Barclays reduced their target price on shares of Ameren from $99.00 to $91.00 and set an “equal weight” rating for the company in a research report on Monday, July 18th. Finally, Argus increased their target price on shares of Ameren from $95.00 to $102.00 and gave the company a “buy” rating in a research report on Friday, June 3rd. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $97.63.

Insiders Place Their Bets

In other Ameren news, Director Rafael Flores sold 1,600 shares of the stock in a transaction that occurred on Wednesday, August 17th. The shares were sold at an average price of $96.07, for a total value of $153,712.00. Following the sale, the director now directly owns 14,178 shares in the company, valued at approximately $1,362,080.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Rafael Flores sold 1,600 shares of the firm’s stock in a transaction on Wednesday, August 17th. The shares were sold at an average price of $96.07, for a total transaction of $153,712.00. Following the sale, the director now owns 14,178 shares in the company, valued at approximately $1,362,080.46. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Michael L. Moehn sold 2,630 shares of the firm’s stock in a transaction on Wednesday, June 1st. The shares were sold at an average price of $95.32, for a total transaction of $250,691.60. Following the sale, the chief financial officer now owns 148,060 shares in the company, valued at approximately $14,113,079.20. The disclosure for this sale can be found here. Insiders have sold 62,230 shares of company stock worth $5,812,264 in the last three months. 0.52% of the stock is currently owned by corporate insiders.

About Ameren

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

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