OLD Republic International Corp raised its position in shares of Ameren Corporation (NYSE:AEE) by 35.8% during the third quarter, Holdings Channel reports. The firm owned 383,442 shares of the company’s stock after buying an additional 101,000 shares during the period. OLD Republic International Corp’s holdings in Ameren Corporation were worth $13,244,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also bought and sold shares of the company. JPMorgan Chase & Co. raised its position in Ameren Corporation by 40.9% in the third quarter. JPMorgan Chase & Co. now owns 557,355 shares of the company’s stock worth $27,411,000 after buying an additional 161,866 shares during the period. California State Teachers Retirement System raised its position in Ameren Corporation by 0.9% in the third quarter. California State Teachers Retirement System now owns 533,158 shares of the company’s stock worth $26,221,000 after buying an additional 4,600 shares during the period. Maple Brown Abbott Ltd raised its position in Ameren Corporation by 7.1% in the second quarter. Maple Brown Abbott Ltd now owns 188,465 shares of the company’s stock worth $10,098,000 after buying an additional 12,500 shares during the period. State Treasurer State of Michigan raised its position in Ameren Corporation by 0.5% in the third quarter. State Treasurer State of Michigan now owns 84,682 shares of the company’s stock worth $4,165,000 after buying an additional 400 shares during the period. Finally, BlackRock Japan Co. Ltd raised its position in Ameren Corporation by 1.1% in the third quarter. BlackRock Japan Co. Ltd now owns 299,763 shares of the company’s stock worth $14,742,000 after buying an additional 3,339 shares during the period. 69.75% of the stock is owned by hedge funds and other institutional investors.
Shares of Ameren Corporation (NYSE:AEE) opened at 53.05 on Tuesday. The company has a 50-day moving average price of $52.35 and a 200-day moving average price of $50.41. Ameren Corporation has a 12 month low of $44.84 and a 12 month high of $54.08. The company has a market capitalization of $12.87 billion, a P/E ratio of 19.84 and a beta of 0.36.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 31st. Shareholders of record on Tuesday, March 14th will be given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 3.32%. The ex-dividend date is Friday, March 10th. Ameren Corporation’s payout ratio is 65.67%.
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AEE has been the subject of a number of recent research reports. Argus reissued a “hold” rating on shares of Ameren Corporation in a report on Tuesday, October 18th. Zacks Investment Research upgraded Ameren Corporation from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a research report on Wednesday, December 14th. Finally, Barclays PLC raised their price target on Ameren Corporation to $56.00 and gave the stock a “buy” rating in a research report on Friday, January 20th.
In other Ameren Corporation news, insider Maureen A. Borkowski sold 3,850 shares of the firm’s stock in a transaction on Tuesday, January 17th. The stock was sold at an average price of $52.08, for a total transaction of $200,508.00. Following the completion of the transaction, the insider now owns 30,972 shares of the company’s stock, valued at $1,613,021.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.38% of the company’s stock.
About Ameren Corporation
Ameren Corporation (Ameren) is a public utility holding company. Ameren’s primary assets are its equity interests in its subsidiaries, including Union Electric Company (doing business as Ameren Missouri) and Ameren Illinois Company (Ameren Illinois). Ameren operates through two segments: Ameren Missouri and Ameren Illinois.
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