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

Ameren Corporation (NYSE:AEE) CFO Michael Moehn sold 6,500 shares of the business’s 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 completion of the transaction, the chief financial officer directly owned 198,973 shares in the company, valued at approximately $20,183,821.12. This represents a 3.16% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Ameren Stock Performance

AEE stock traded up $0.44 during midday trading on Tuesday, hitting $101.98. The company’s stock had a trading volume of 1,349,106 shares, compared to its average volume of 1,672,787. The stock’s 50-day moving average price is $102.07 and its 200 day moving average price is $99.37. The company has a quick ratio of 0.56, a current ratio of 0.80 and a debt-to-equity ratio of 1.51. Ameren Corporation has a 1 year low of $85.69 and a 1 year high of $106.73. The stock has a market cap of $27.58 billion, a price-to-earnings ratio of 22.41, a PEG ratio of 2.57 and a beta of 0.49.

Ameren Announces Dividend

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

Wall Street Analyst Weigh In

A number of research analysts have recently commented on AEE shares. Morgan Stanley upped their price target on Ameren from $104.00 to $111.00 and gave the company an “outperform” rating in a research report on Wednesday, October 22nd. Wells Fargo & Company assumed coverage on Ameren in a report on Monday, October 27th. They set an “overweight” rating and a $112.00 target price for the company. KeyCorp increased their price objective on Ameren from $104.00 to $109.00 and gave the stock an “overweight” rating in a report on Wednesday, October 15th. Mizuho increased their price objective on Ameren from $108.00 to $114.00 and gave the stock an “outperform” rating in a report on Monday, October 27th. Finally, Royal Bank Of Canada upgraded Ameren to a “hold” rating in a report on Tuesday, October 28th. Eight investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Ameren currently has a consensus rating of “Moderate Buy” and an average price target of $109.50.

Institutional Inflows and Outflows

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