Ameren Co. (NYSE:AEE) Shares Bought by Quantinno Capital Management LP

Quantinno Capital Management LP grew its holdings in Ameren Co. (NYSE:AEE) by 59.3% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 37,534 shares of the utilities provider’s stock after buying an additional 13,967 shares during the quarter. Quantinno Capital Management LP’s holdings in Ameren were worth $3,283,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Metis Global Partners LLC grew its stake in 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 purchasing an additional 124 shares in the last quarter. Kentucky Retirement Systems grew its position in shares of Ameren by 0.6% during the second quarter. Kentucky Retirement Systems now owns 20,095 shares of the utilities provider’s stock worth $1,429,000 after buying an additional 126 shares in the last quarter. NorthRock Partners LLC raised its holdings in Ameren by 4.2% in the third quarter. NorthRock Partners LLC now owns 3,107 shares of the utilities provider’s stock valued at $272,000 after acquiring an additional 126 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. lifted its stake in Ameren by 1.4% in the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 9,803 shares of the utilities provider’s stock worth $697,000 after acquiring an additional 135 shares during the last quarter. Finally, Integrated Wealth Concepts LLC grew its holdings in Ameren by 1.7% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 9,110 shares of the utilities provider’s stock worth $797,000 after acquiring an additional 153 shares in the last quarter. Hedge funds and other institutional investors own 79.09% of the company’s stock.

Ameren Price Performance

AEE stock opened at $91.17 on Tuesday. The company has a current ratio of 0.63, a quick ratio of 0.41 and a debt-to-equity ratio of 1.37. The company has a market capitalization of $24.34 billion, a P/E ratio of 21.45, a PEG ratio of 3.02 and a beta of 0.48. The business has a 50 day simple moving average of $89.68 and a 200-day simple moving average of $81.80. Ameren Co. has a twelve month low of $67.03 and a twelve month high of $95.69.

Ameren Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Wednesday, December 11th will be paid a $0.67 dividend. The ex-dividend date is Wednesday, December 11th. This represents a $2.68 dividend on an annualized basis and a yield of 2.94%. Ameren’s dividend payout ratio is presently 63.06%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on AEE shares. Wells Fargo & Company lifted their price objective on shares of Ameren from $91.00 to $96.00 and gave the stock an “overweight” rating in a research report on Friday, September 20th. Jefferies Financial Group initiated coverage on Ameren in a research report on Thursday, September 19th. They set a “buy” rating and a $97.00 price objective for the company. Mizuho raised Ameren from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $82.00 to $89.00 in a research report on Monday, September 16th. Barclays boosted their target price on Ameren from $77.00 to $88.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. Finally, Argus upgraded shares of Ameren to a “strong-buy” rating in a research note on Thursday, September 19th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Ameren presently has an average rating of “Moderate Buy” and an average price target of $89.00.

Insider Activity

In other news, CFO Michael L. Moehn sold 6,500 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $92.15, for a total value of $598,975.00. Following the transaction, the chief financial officer now owns 205,171 shares of the company’s stock, valued at approximately $18,906,507.65. The trade was a 3.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.42% of the company’s stock.

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.