Hudson Bay Capital Management LP increased its position in Ameren Corporation (NYSE:AEE – Free Report) by 5.1% in the 2nd quarter, HoldingsChannel reports. The fund owned 353,359 shares of the utilities provider’s stock after purchasing an additional 17,149 shares during the period. Hudson Bay Capital Management LP’s holdings in Ameren were worth $33,937,000 as of its most recent filing with the SEC.
Several other institutional investors have also added to or reduced their stakes in AEE. NewSquare Capital LLC increased its stake in shares of Ameren by 70.9% in the second quarter. NewSquare Capital LLC now owns 258 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 107 shares in the last quarter. Osterweis Capital Management Inc. boosted its holdings in shares of Ameren by 6,040.0% in the second quarter. Osterweis Capital Management Inc. now owns 307 shares of the utilities provider’s stock worth $29,000 after acquiring an additional 302 shares during the period. Addison Advisors LLC grew its position in shares of Ameren by 728.9% in the second quarter. Addison Advisors LLC now owns 315 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 277 shares in the last quarter. Fortitude Family Office LLC lifted its holdings in Ameren by 600.0% during the 2nd quarter. Fortitude Family Office LLC now owns 343 shares of the utilities provider’s stock worth $33,000 after purchasing an additional 294 shares in the last quarter. Finally, Ameritas Advisory Services LLC bought a new stake in Ameren during the 2nd quarter worth approximately $34,000. 79.09% of the stock is owned by hedge funds and other institutional investors.
Ameren Stock Up 0.0%
AEE opened at $97.29 on Friday. Ameren Corporation has a 12 month low of $86.40 and a 12 month high of $106.73. The company has a current ratio of 0.93, a quick ratio of 0.64 and a debt-to-equity ratio of 1.49. The business’s 50-day moving average price is $103.31 and its 200-day moving average price is $100.36. The company has a market cap of $26.32 billion, a P/E ratio of 18.71, a P/E/G ratio of 2.29 and a beta of 0.57.
Ameren Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 9th will be issued a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Tuesday, December 9th. Ameren’s dividend payout ratio is currently 54.62%.
Wall Street Analyst Weigh In
A number of equities research analysts recently issued reports on AEE shares. Barclays set a $113.00 price objective on Ameren in a research report on Tuesday, October 21st. Royal Bank Of Canada raised Ameren to a “hold” rating in a report on Tuesday, October 28th. Weiss Ratings reissued a “buy (b)” rating on shares of Ameren in a report on Monday. KeyCorp cut shares of Ameren from an “overweight” rating to a “sector weight” rating in a research report on Friday. Finally, Morgan Stanley lifted their target price on shares of Ameren from $104.00 to $111.00 and gave the company an “outperform” rating in a research report on Wednesday, October 22nd. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $109.50.
Get Our Latest Analysis on AEE
Insiders Place Their Bets
In other Ameren news, CFO Michael L. Moehn sold 6,500 shares of the stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $101.44, for a total transaction of $659,360.00. Following the completion of the sale, the chief financial officer owned 198,973 shares of the company’s stock, valued at $20,183,821.12. This represents a 3.16% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.42% of the stock is owned by insiders.
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.
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