Ameren (NYSE:AEE) CFO Sells $659,360.00 in Stock

Ameren Corporation (NYSE:AEE) CFO Michael Moehn sold 6,500 shares of the stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $101.44, for a total value of $659,360.00. Following the sale, the chief financial officer directly owned 198,973 shares in the company, valued at approximately $20,183,821.12. This trade represents a 3.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Ameren Price Performance

Shares of AEE stock traded up $0.44 on Tuesday, hitting $101.98. 1,349,106 shares of the company’s stock were exchanged, compared to its average volume of 1,672,787. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.80 and a quick ratio of 0.56. Ameren Corporation has a 12 month low of $85.69 and a 12 month high of $106.73. The stock has a market cap of $27.58 billion, a P/E ratio of 22.41, a price-to-earnings-growth ratio of 2.57 and a beta of 0.49. The company has a 50 day moving average of $102.07 and a 200 day moving average of $99.37.

Ameren Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 9th will be given a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Tuesday, December 9th. Ameren’s dividend payout ratio is currently 62.42%.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Mizuho upped their price objective on Ameren from $108.00 to $114.00 and gave the stock an “outperform” rating in a research report on Monday, October 27th. Barclays set a $113.00 target price on Ameren in a research report on Tuesday, October 21st. Wells Fargo & Company started coverage on Ameren in a research report on Monday, October 27th. They issued an “overweight” rating and a $112.00 target price for the company. Weiss Ratings reiterated a “buy (b-)” rating on shares of Ameren in a research report on Wednesday, October 8th. Finally, Royal Bank Of Canada upgraded Ameren to a “hold” rating in a research report on Tuesday, October 28th. Eight analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, Ameren has a consensus rating of “Moderate Buy” and a consensus price target of $109.50.

Hedge Funds Weigh In On Ameren

A number of hedge funds have recently made changes to their positions in AEE. State of Wyoming bought a new stake in Ameren in the third quarter worth approximately $211,000. Jones Financial Companies Lllp increased its holdings in Ameren by 11.7% in the third quarter. Jones Financial Companies Lllp now owns 75,411 shares of the utilities provider’s stock worth $7,716,000 after purchasing an additional 7,869 shares in the last quarter. Pineridge Advisors LLC grew its stake in Ameren by 146.5% in the third quarter. Pineridge Advisors LLC now owns 3,249 shares of the utilities provider’s stock valued at $339,000 after acquiring an additional 1,931 shares during the period. Tyche Wealth Partners LLC grew its stake in Ameren by 8.8% in the third quarter. Tyche Wealth Partners LLC now owns 2,512 shares of the utilities provider’s stock valued at $262,000 after acquiring an additional 203 shares during the period. Finally, National Pension Service grew its stake in Ameren by 0.7% in the third quarter. National Pension Service now owns 335,287 shares of the utilities provider’s stock valued at $34,997,000 after acquiring an additional 2,397 shares during the period. 79.09% of the stock is currently owned by institutional investors.

Ameren Company 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.