State of New Jersey Common Pension Fund D Has $8.29 Million Holdings in Ameren Corporation $AEE

State of New Jersey Common Pension Fund D lowered its stake in Ameren Corporation (NYSE:AEE) by 8.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 83,049 shares of the utilities provider’s stock after selling 7,425 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Ameren were worth $8,293,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. CreativeOne Wealth LLC lifted its position in shares of Ameren by 1.3% in the third quarter. CreativeOne Wealth LLC now owns 7,448 shares of the utilities provider’s stock worth $777,000 after buying an additional 98 shares during the last quarter. Kentucky Trust Co lifted its position in shares of Ameren by 0.7% in the fourth quarter. Kentucky Trust Co now owns 14,759 shares of the utilities provider’s stock worth $1,474,000 after buying an additional 100 shares during the last quarter. Segment Wealth Management LLC lifted its position in shares of Ameren by 3.5% during the 4th quarter. Segment Wealth Management LLC now owns 3,045 shares of the utilities provider’s stock worth $304,000 after purchasing an additional 104 shares during the last quarter. Hantz Financial Services Inc. lifted its position in shares of Ameren by 30.9% during the 3rd quarter. Hantz Financial Services Inc. now owns 474 shares of the utilities provider’s stock worth $49,000 after purchasing an additional 112 shares during the last quarter. Finally, Private Trust Co. NA lifted its position in shares of Ameren by 6.4% during the 4th quarter. Private Trust Co. NA now owns 1,849 shares of the utilities provider’s stock worth $185,000 after purchasing an additional 112 shares during the last quarter. Institutional investors and hedge funds own 79.09% of the company’s stock.

Ameren Stock Down 0.0%

NYSE:AEE opened at $113.63 on Friday. The stock’s fifty day moving average price is $111.07 and its two-hundred day moving average price is $105.81. Ameren Corporation has a 52-week low of $93.27 and a 52-week high of $115.59. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.46 and a current ratio of 0.66. The company has a market cap of $31.43 billion, a price-to-earnings ratio of 21.24, a P/E/G ratio of 2.30 and a beta of 0.50.

Ameren (NYSE:AEE) last posted its quarterly earnings data on Wednesday, February 11th. The utilities provider reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.01. Ameren had a return on equity of 10.69% and a net margin of 16.55%.The firm had revenue of $1.78 billion for the quarter, compared to the consensus estimate of $1.69 billion. During the same quarter in the prior year, the business earned $0.77 EPS. The business’s revenue for the quarter was down 8.2% compared to the same quarter last year. On average, analysts anticipate that Ameren Corporation will post 5.32 EPS for the current year.

Ameren Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 10th were issued a dividend of $0.75 per share. The ex-dividend date of this dividend was Tuesday, March 10th. This represents a $3.00 annualized dividend and a yield of 2.6%. This is a positive change from Ameren’s previous quarterly dividend of $0.71. Ameren’s dividend payout ratio (DPR) is currently 56.07%.

Wall Street Analysts Forecast Growth

AEE has been the subject of several research analyst reports. Mizuho set a $117.00 price objective on Ameren in a research report on Friday, February 13th. Wells Fargo & Company reissued an “overweight” rating and set a $120.00 price objective on shares of Ameren in a research report on Tuesday, April 21st. UBS Group boosted their price objective on Ameren from $125.00 to $127.00 and gave the stock a “buy” rating in a research report on Friday, February 20th. Weiss Ratings cut Ameren from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, April 24th. Finally, BTIG Research initiated coverage on Ameren in a research report on Thursday, April 9th. They set a “buy” rating and a $131.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, Ameren presently has a consensus rating of “Moderate Buy” and a consensus price target of $117.31.

Insider Buying and Selling at Ameren

In other news, insider Michael L. Moehn sold 6,500 shares of the stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $103.60, for a total value of $673,400.00. Following the transaction, the insider owned 193,076 shares of the company’s stock, valued at $20,002,673.60. This represents a 3.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.29% of the stock is currently owned by company insiders.

Ameren Profile

Ameren Corporation (NYSE: AEE) is an integrated energy company headquartered in St. Louis, Missouri, that provides electric and natural gas delivery and related services in portions of Missouri and Illinois. The company operates regulated utility businesses that serve a broad mix of residential, commercial and industrial customers, and it participates in wholesale energy markets and transmission operations that support reliable service across its service territories.

Ameren’s core activities include generation, transmission and distribution of electricity, distribution of natural gas, and the provision of customer energy solutions such as demand-side management and energy efficiency programs.