Ameren (NYSE:AEE) CFO Michael Moehn Sells 6,500 Shares

Ameren Corporation (NYSE:AEE) CFO Michael Moehn sold 6,500 shares of Ameren 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 transaction, the chief financial officer 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 legal filing with the Securities & Exchange Commission, which is available through this link.

Ameren Stock Performance

NYSE:AEE opened at $101.98 on Wednesday. The firm’s fifty day moving average price is $102.09 and its 200 day moving average price is $99.40. Ameren Corporation has a 1-year low of $85.69 and a 1-year high of $106.73. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.80 and a quick ratio of 0.56. The firm has a market cap of $27.58 billion, a price-to-earnings ratio of 22.41, a price-to-earnings-growth ratio of 2.57 and a beta of 0.49.

Ameren Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 9th will be issued a $0.71 dividend. The ex-dividend date of this dividend is Tuesday, December 9th. This represents a $2.84 dividend on an annualized basis and a yield of 2.8%. Ameren’s dividend payout ratio (DPR) is 62.42%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Grantham Mayo Van Otterloo & Co. LLC raised its stake in shares of Ameren by 1.4% during the 2nd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 7,105 shares of the utilities provider’s stock worth $682,000 after buying an additional 100 shares during the last quarter. Crews Bank & Trust raised its stake in shares of Ameren by 6.3% during the 2nd quarter. Crews Bank & Trust now owns 1,728 shares of the utilities provider’s stock worth $166,000 after buying an additional 103 shares during the last quarter. Segment Wealth Management LLC raised its stake in shares of Ameren by 3.6% during the 3rd quarter. Segment Wealth Management LLC now owns 2,941 shares of the utilities provider’s stock worth $307,000 after buying an additional 103 shares during the last quarter. NewSquare Capital LLC raised its stake in shares of Ameren by 70.9% during the 2nd quarter. NewSquare Capital LLC now owns 258 shares of the utilities provider’s stock worth $25,000 after buying an additional 107 shares during the last quarter. Finally, Keb Asset Management LLC raised its stake in Ameren by 0.9% in the 3rd quarter. Keb Asset Management LLC now owns 12,568 shares of the utilities provider’s stock valued at $1,312,000 after purchasing an additional 108 shares during the last quarter. Institutional investors and hedge funds own 79.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on AEE. UBS Group increased their price target on shares of Ameren from $111.00 to $114.00 and gave the company a “buy” rating in a report on Friday, July 11th. Morgan Stanley increased their price target on shares of Ameren from $104.00 to $111.00 and gave the company an “outperform” rating in a report on Wednesday, October 22nd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Ameren in a report on Wednesday, October 8th. Royal Bank Of Canada upgraded shares of Ameren to a “hold” rating in a report on Tuesday, October 28th. Finally, Barclays set a $113.00 price target on shares of Ameren in a report on Tuesday, October 21st. Eight research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $109.50.

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.