Ameren Co. (NYSE:AEE) Shares Sold by Martingale Asset Management L P

Martingale Asset Management L P trimmed its position in Ameren Co. (NYSE:AEE) by 14.4% during the third quarter, Holdings Channel.com reports. The firm owned 7,136 shares of the utilities provider’s stock after selling 1,200 shares during the period. Martingale Asset Management L P’s holdings in Ameren were worth $624,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Versant Capital Management Inc raised its position 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 last quarter. First Command Advisory Services Inc. acquired a new position in Ameren in the 2nd quarter valued at $26,000. EverSource Wealth Advisors LLC raised its holdings in Ameren by 227.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 455 shares of the utilities provider’s stock valued at $34,000 after acquiring an additional 316 shares during the last quarter. American National Bank purchased a new position in shares of Ameren during the 2nd quarter worth $37,000. Finally, Jamison Private Wealth Management Inc. acquired a new stake in shares of Ameren during the third quarter worth $44,000. 79.09% of the stock is owned by institutional investors and hedge funds.

Ameren Price Performance

AEE opened at $92.87 on Tuesday. The company has a 50 day moving average of $89.13 and a two-hundred day moving average of $81.16. Ameren Co. has a 52-week low of $67.03 and a 52-week high of $95.69. 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 company has a market cap of $24.79 billion, a P/E ratio of 21.85, a P/E/G ratio of 3.11 and a beta of 0.45.

Ameren Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Wednesday, December 11th will be issued a $0.67 dividend. The ex-dividend date is Wednesday, December 11th. This represents a $2.68 annualized dividend and a yield of 2.89%. Ameren’s dividend payout ratio is currently 63.06%.

Insider Buying and Selling at Ameren

In other news, CFO Michael L. Moehn sold 6,500 shares of the stock in a transaction dated Wednesday, November 20th. The stock was 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 owns 205,171 shares in the company, valued at approximately $18,906,507.65. This trade represents a 3.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.42% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms recently commented on AEE. Barclays upped their target price on Ameren from $77.00 to $88.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. Morgan Stanley cut their price objective on shares of Ameren from $88.00 to $86.00 and set an “equal weight” rating on the stock in a report on Friday, November 22nd. Bank of America boosted their target price on shares of Ameren from $86.00 to $87.00 and gave the company a “neutral” rating in a report on Thursday, August 29th. Mizuho raised shares of Ameren from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $82.00 to $89.00 in a research note on Monday, September 16th. Finally, Jefferies Financial Group began coverage on shares of Ameren in a report on Thursday, September 19th. They issued a “buy” rating and a $97.00 price target on the stock. One research analyst has rated the stock with a sell rating, six have given 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, Ameren presently has a consensus rating of “Moderate Buy” and an average target price of $87.78.

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.