Michael L. Moehn Sells 6,500 Shares of Ameren Co. (NYSE:AEE) Stock

Ameren Co. (NYSE:AEE) CFO Michael L. Moehn sold 6,500 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $92.15, for a total value of $598,975.00. Following the completion of the sale, the chief financial officer now directly 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Ameren Stock Down 0.2 %

Shares of AEE stock opened at $93.81 on Friday. Ameren Co. has a 12 month low of $67.03 and a 12 month high of $94.46. The company has a quick ratio of 0.41, a current ratio of 0.63 and a debt-to-equity ratio of 1.37. The firm has a market cap of $25.04 billion, a PE ratio of 22.07, a price-to-earnings-growth ratio of 3.09 and a beta of 0.45. The stock has a 50 day moving average of $88.03 and a 200-day moving average of $80.29.

Ameren Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Wednesday, December 11th will be issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date of this dividend is Wednesday, December 11th. Ameren’s dividend payout ratio (DPR) is presently 63.06%.

Analysts Set New Price Targets

AEE has been the subject of several recent research reports. Wells Fargo & Company boosted their target price 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. Argus upgraded shares of Ameren to a “strong-buy” rating in a report on Thursday, September 19th. Bank of America increased their target price on shares of Ameren from $86.00 to $87.00 and gave the stock a “neutral” rating in a research report on Thursday, August 29th. Morgan Stanley reduced their price target on Ameren from $88.00 to $86.00 and set an “equal weight” rating for the company in a research report on Friday. Finally, Barclays increased their price objective on Ameren from $77.00 to $88.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. One analyst has rated the stock with a sell rating, six have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Ameren currently has an average rating of “Moderate Buy” and an average target price of $87.90.

Institutional Trading of Ameren

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Versant Capital Management Inc lifted its stake in shares of Ameren by 115.3% in the second quarter. Versant Capital Management Inc now owns 366 shares of the utilities provider’s stock valued at $26,000 after buying an additional 196 shares during the period. First Command Advisory Services Inc. bought a new position in Ameren during the second quarter valued at about $26,000. Pathway Financial Advisers LLC acquired a new position in Ameren in the 1st quarter valued at approximately $31,000. EntryPoint Capital LLC lifted its position in shares of Ameren by 108.1% in the 1st quarter. EntryPoint Capital LLC now owns 435 shares of the utilities provider’s stock worth $32,000 after acquiring an additional 226 shares during the period. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Ameren by 227.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 455 shares of the utilities provider’s stock worth $34,000 after purchasing an additional 316 shares in the last quarter. 79.09% of the stock is currently owned by institutional investors and hedge funds.

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.