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 Ameren stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $92.15, for a total transaction of $598,975.00. Following the completion of the sale, the chief financial officer now owns 205,171 shares in the company, valued at approximately $18,906,507.65. This represents a 3.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Ameren Trading Down 0.2 %

Shares of AEE opened at $93.80 on Friday. Ameren Co. has a 1-year low of $67.03 and a 1-year high of $94.46. The company has a 50-day moving average of $88.03 and a 200 day moving average of $80.25. The firm has a market capitalization of $25.04 billion, a price-to-earnings ratio of 22.07, a PEG ratio of 3.09 and a beta of 0.45. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.63 and a quick ratio of 0.41.

Ameren Dividend Announcement

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

Institutional Investors Weigh In On Ameren

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Metis Global Partners LLC lifted its holdings in Ameren by 1.5% during the 3rd quarter. Metis Global Partners LLC now owns 8,513 shares of the utilities provider’s stock valued at $745,000 after buying an additional 124 shares in the last quarter. Kentucky Retirement Systems raised its holdings in shares of Ameren by 0.6% in the 2nd quarter. Kentucky Retirement Systems now owns 20,095 shares of the utilities provider’s stock valued at $1,429,000 after purchasing an additional 126 shares in the last quarter. NorthRock Partners LLC raised its holdings in shares of Ameren by 4.2% in the 3rd quarter. NorthRock Partners LLC now owns 3,107 shares of the utilities provider’s stock valued at $272,000 after purchasing an additional 126 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. raised its holdings in shares of Ameren by 1.4% in the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 9,803 shares of the utilities provider’s stock valued at $697,000 after purchasing an additional 135 shares in the last quarter. Finally, Integrated Wealth Concepts LLC raised its holdings in shares of Ameren by 1.7% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 9,110 shares of the utilities provider’s stock valued at $797,000 after purchasing an additional 153 shares in the last quarter. Institutional investors own 79.09% of the company’s stock.

Analyst Ratings Changes

AEE has been the topic of a number of research reports. Mizuho upgraded shares of Ameren from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $82.00 to $89.00 in a report on Monday, September 16th. Wells Fargo & Company lifted their price objective on shares of Ameren from $91.00 to $96.00 and gave the stock an “overweight” rating in a research note on Friday, September 20th. Bank of America lifted their price objective on shares of Ameren from $86.00 to $87.00 and gave the stock a “neutral” rating in a research note on Thursday, August 29th. Argus raised shares of Ameren to a “strong-buy” rating in a research note on Thursday, September 19th. Finally, BMO Capital Markets lifted their price objective on shares of Ameren from $84.00 to $87.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 6th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $87.90.

About Ameren

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.