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

Ameren Co. (NYSE:AEE) CFO Michael L. Moehn sold 6,500 shares of Ameren stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $92.15, for a total transaction of $598,975.00. Following the sale, the chief financial officer now directly owns 205,171 shares in the company, valued at $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 is available at the SEC website.

Ameren Trading Down 0.2 %

NYSE:AEE opened at $93.80 on Friday. The company’s 50 day moving average price is $88.03 and its 200-day moving average price is $80.25. Ameren Co. has a 52 week low of $67.03 and a 52 week 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 stock has a market cap of $25.04 billion, a price-to-earnings ratio of 22.07, a PEG ratio of 3.09 and a beta of 0.45.

Ameren Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on AEE. Jefferies Financial Group began coverage on shares of Ameren in a research note on Thursday, September 19th. They set a “buy” rating and a $97.00 target price on the stock. Bank of America boosted 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. Morgan Stanley dropped their price objective on shares of Ameren from $88.00 to $86.00 and set an “equal weight” rating on the stock in a research note on Friday. Argus raised shares of Ameren to a “strong-buy” rating in a research note on Thursday, September 19th. Finally, BMO Capital Markets boosted 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 given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Ameren presently has an average rating of “Moderate Buy” and a consensus price target of $87.90.

Institutional Investors Weigh In On Ameren

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Versant Capital Management Inc boosted its holdings in Ameren by 115.3% in the second quarter. Versant Capital Management Inc now owns 366 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 196 shares during the last quarter. First Command Advisory Services Inc. bought a new position in Ameren in the second quarter worth approximately $26,000. Pathway Financial Advisers LLC bought a new stake in shares of Ameren during the 1st quarter valued at $31,000. EntryPoint Capital LLC raised its position in shares of Ameren by 108.1% during the 1st quarter. EntryPoint Capital LLC now owns 435 shares of the utilities provider’s stock valued at $32,000 after purchasing an additional 226 shares during the period. Finally, EverSource Wealth Advisors LLC raised its position 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 valued at $34,000 after purchasing an additional 316 shares during the period. Hedge funds and other institutional investors own 79.09% of the company’s stock.

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.